§1852. Extra-long staple cotton; sale for export
Beginning not later than August 1, 1956, the Commodity Credit Corporation is directed to sell for export at competitive world prices its stocks of domestically produced extra long staple cotton on hand on May 28, 1956. The amount offered and the price accepted by the Commodity Credit Corporation shall be such as to dispose of such quantity in an orderly manner and within a reasonable period of time.
(May 28, 1956, ch. 327, title II, §202,
Amendments
1994-Pub. L. 103 465 struck out "(b)" before "Beginning" and struck out subsec. (a) which read as follows: "On and after May 28, 1956, the quota for cotton having a staple length of one and one-eighth inches or more, established September 20, 1939, pursuant to section 624 of this title, shall apply to the same grades and staple lengths included in the quota when such quota was initially established. Such quota shall provide for cotton having a staple length of one and eleven-sixteenths inches and longer, and shall establish dates for the quota year which will recognize and permit entry to conform to normal marketing practices and requirements for such cotton."
Effective Date of 1994 Amendment
Amendment by Pub. L. 103 465 effective on the date of entry into force of the WTO Agreement with respect to the United States (Jan. 1, 1995), except as otherwise provided, see section 451 of Pub. L. 103 465, set out as an Effective Date note under section 3601 of Title 19, Customs Duties.