7 USC 5641: Funding levels

7 USC 5641: Funding levels Text contains those laws in effect on January 4, 1995

From Title 7-AGRICULTURECHAPTER 87-EXPORT PROMOTIONSUBCHAPTER II-AGRICULTURAL EXPORT PROGRAMSPart B-Implementation

§5641. Funding levels

(a) Direct credit programs

The Commodity Credit Corporation may make available for each fiscal year such funds of the Commodity Credit Corporation as it determines necessary to carry out any direct credit program established under section 5621 of this title.

(b) Export credit guarantee programs

(1) Short-term guarantees

(A) Minimum amounts

The Commodity Credit Corporation shall make available for each of the fiscal years 1991 through 1995 not less than $5,000,000,000 in credit guarantees under section 5622(a) of this title.

(B) Limitation on origination fee

Notwithstanding any other provision of law, the Secretary may not charge an origination fee with respect to any credit guarantee transaction under section 5622(a) of this title in excess of an amount equal to one percent of the amount of credit extended under the transaction.

(2) Intermediate-term credit guarantees

The Commodity Credit Corporation shall make available for each of the fiscal years 1991 through 1995 not less than $500,000,000 in credit guarantees under section 5622(b) of this title.

(c) Marketing promotion programs

The Commodity Credit Corporation or the Secretary shall make available for market promotion activities authorized to be carried out by the Commodity Credit Corporation under section 5623 of this title-

(1) in addition to any funds that may be specifically appropriated to implement a market development program, not less than $200,000,000 for each of the fiscal years 1991 through 1993, and not less than $110,000,000 for each of the fiscal years 1994 through 1997, of the funds of, or an equal value of commodities owned by, the Commodity Credit Corporation; and

(2) any funds that may be specifically appropriated to carry out a marketing promotion program under section 5623 of this title.

(Pub. L. 95 501, title II, §211, as added Pub. L. 101 624, title XV, §1531, Nov. 28, 1990, 104 Stat. 3677; amended Pub. L. 103 66, title I, §1302(a), Aug. 10, 1993, 107 Stat. 330.)

Amendments

1993-Subsec. (c)(1). Pub. L. 103 66 substituted "through 1993, and not less than $110,000,000 for each of the fiscal years 1994 through 1997," for "through 1995".