Source: http://www.law.cornell.edu/uscode/text/7/1433b?quicktabs_8=1
Timestamp: 2014-08-23 19:52:52
Document Index: 316745929

Matched Legal Cases: ['§ 1433', '§ 1433', '§ 1433', '§ 423', '§ 2', '§ 1024']

7 U.S. Code § 1433b - Processing of surplus agricultural commodities into liquid fuels and agricultural commodity byproducts | LII / Legal Information Institute
U.S. Code › Title 7 › Chapter 35A › Subchapter I › § 1433b 7 U.S. Code § 1433b - Processing of surplus agricultural commodities into liquid fuels and agricultural commodity byproducts
Authority of Commodity Credit Corporation; terms and conditions established by Secretary; fuel prices Notwithstanding any other provision of law, in order to prevent the accumulation of excessive stocks of agricultural commodities through the price support and stabilization operations of the Commodity Credit Corporation [1]
the Corporation may, under terms and conditions established by the Secretary, make its accumulated stocks of agricultural commodities available, at no cost or reduced cost, to encourage the purchase of such commodities for the production of liquid fuels and agricultural commodity byproducts. In carrying out the program established by this section, the Secretary shall ensure, insofar as possible, that any use of agricultural commodities made available be made in such manner as to encourage increased use and avoid displacing usual marketings of agricultural commodities.
Feasibility of processing In determining the feasibility of providing for the processing of Commodity Credit Corporation stocks of commodities under subsection (a) of this section, the Secretary shall consider the nature of the commodities, and the acquisition, transportation, handling, storage, interest, and other costs associated with acquiring and maintaining such stocks, including the effect of such stocks in depressing commodity prices, as well as the value and utility of such stocks when processed into liquid fuels and agricultural commodity byproducts.
(Oct. 31, 1949, ch. 792, title IV, § 423, as added Pub. L. 97–358, § 2,Oct. 21, 1982, 96 Stat. 1714; amended Pub. L. 99–198, title X, § 1024,Dec. 23, 1985, 99 Stat. 1460.)
Subsection (c), which required the Secretary to report annually to Congress on the operation of this section, terminated, effective May 15, 2000, pursuant to section 3003 ofPub. L. 104–66, as amended, set out as a note under section 1113 of Title 31, Money and Finance. See, also, page 46 of House Document No. 103–7.
1985—Subsec. (a). Pub. L. 99–198substituted provision authorizing the Corporation to make its accumulated agricultural commodities stocks available at no cost or reduced cost to encourage the purchase thereof for the production of liquid fuels and commodity byproducts, with any use of such commodities to be made in such a manner as to encourage increased use and avoid displacing usual marketings of such commodities for provision authorizing the Corporation to provide for processing of its accumulated stock into liquid fuels and commodity byproducts to be either made available to Federal agencies to meet their regular or emergency needs or to be sold commercially by the Corporation, at a price determined by the Secretary notwithstanding any other provisions of law and in a manner so as not to disrupt the prices in commercial markets of agriculturally-derived liquid fuel.