A bill to provide for emergency allotment lease and transfer of tobacco allotments or quotas for 1974 in certain disaster areas in North Carolina.
PL 93-464 (H.R.16857), enacted 10/24/1974

1416 
PUBLIC LAW 93-464-OCT. 24, 1974 
[88 STAT. 
bo effective immediately on enactment of this Act. Activities necessary 
to implement the changes effected by this Act may be carried out after 
the date of enactment and before as well as after the 180th day there-
after. Activities to be carried out after the date of enactment and before 
the 180th day thereafter may include, but are not limited to the follow-
ing : designation of boards of trade as contract markets, registration 
of futures commission merchants, floor brokers, and other persons 
required to be registered under the Act, approval or modification of 
bylaws, rules, regulations, and resolutions of contract markets, and 
issuance of regulations, effective on or after the 180th day after 
enactment; appointment and compensation of the members of the Com-
mission ; hiring and compensation of staff; and conducting of investi-
gations and hearings. Nothing in this Act shall limit the authority of 
the Secretary of Agriculture or the Commodity Exchange Commission 
under the Commodity Exchange Act, as amended, prior to the 180th 
day after enactment of this Act. 
(b) Funds appropriated for the administration of the Commodity 
Exchange Act, as amended, may be used to implement this Act 
immediately after the date of enactment of this Act. 
Approved October 23, 1974. 
Public Law 93-464 
October 24, 1974 
[H. R.16857] 
Tobacco. 
Acreage allot-
ments or quotas, 
N.C., lease and 
transfer. 
7 u s e 1314b. 
AN ACT 
To provide for emergency allotment lease and transfer of tobacco allotments 
or quotas for 1974 in certain disaster areas in North Carolina. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That section 316 
of the Agricultural Adjustment Act of 1938, as amended, is amended 
by adding at the end thereof the following new subsection (h): 
"(h) Notwithstanding any provision of this section, when as a result 
of drought, flood, damage due to excessive rain, hail, wind, tornado, 
or other natural disaster, the Secretary determines (1) that one of the 
counties hereinafter listed has suffered a loss of 10 per centum or more 
in the number of acres of tobacco planted, and (2) that a lease of such 
tobacco allotment or quota will not impair the effective operation of 
the tobacco marketing quota or price support program, he may permit 
the owner and operator of any farm within Craven, Carteret and 
Jones Counties, North Carolina, which has suffered a loss of 10 per 
centum or more in the number of acres of tobacco planted of such 
crop to lease all or any part of such allotment or quota to any other 
owners or operators in the same county, or nearby counties within 
the same State, for use in such counties for the year 1974 on a farm 
or farms having a current tobacco allotment or quota of the same 
kind. In the case of a lease and transfer to an owner or operator in 
another county pursuant to this subsection, the lease and transfer shall 
not be effective until a copy of the lease is filed with and determined 
by the county committee of the county to which the transfer is made 
to be in compliance with the provisions of this subsection.". 
Approved October 24, 1974.