7 USC 1747: Authorization of appropriations; determination of value of transferred commodity
Text contains those laws in effect on December 24, 2024
From Title 7-AGRICULTURECHAPTER 42-AGRICULTURAL COMMODITY SET-ASIDE
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§1747. Authorization of appropriations; determination of value of transferred commodity
In order to make payment to the Commodity Credit Corporation for any commodities transferred to the national stockpile pursuant to section 1743(a)(4) of this title, there are authorized to be appropriated amounts equal to the value of any commodities so transferred. The value of any commodity so transferred, for the purpose of this section, shall be the lower of the domestic market price or the Commodity Credit Corporation's investment therein as of the date of transfer to the stockpile, as determined by the Secretary of Agriculture