§ 1433b. — Processing of surplus agricultural commodities into liquid fuels and agricultural commodity byproducts.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC1433b]
TITLE 7--AGRICULTURE
CHAPTER 35A--PRICE SUPPORT OF AGRICULTURAL COMMODITIES
SUBCHAPTER I--GENERAL PROVISIONS
Sec. 1433b. Processing of surplus agricultural commodities into
liquid fuels and agricultural commodity byproducts
(a) 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.
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\1\ So in original. Probably should be followed by a comma.
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(b) 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, Sec. 423, as added Pub. L. 97-358,
Sec. 2, Oct. 21, 1982, 96 Stat. 1714; amended Pub. L. 99-198, title X,
Sec. 1024, Dec. 23, 1985, 99 Stat. 1460.)
Codification
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 of Pub. 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.
Amendments
1985--Subsec. (a). Pub. L. 99-198 substituted 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.
Inapplicability of Section
Section inapplicable to 2002 through 2007 crops of covered
commodities, peanuts, and sugar and inapplicable to milk during period
beginning May 13, 2002, through Dec. 31, 2007, see section 7992(b)(10)
of this title.
Section inapplicable to 1996 through 2002 crops of loan commodities,
peanuts, and sugar and inapplicable to milk during period beginning Apr.
4, 1996, and ending Dec. 31, 2002, see section 7301(b)(1)(J) of this
title.
