§ 1743. — Reduction of setaside.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 7USC1743]
TITLE 7--AGRICULTURE
CHAPTER 42--AGRICULTURAL COMMODITY SET-ASIDE
Sec. 1743. Reduction of set-aside
(a) Such commodity set-aside shall be reduced by disposals made in
accordance with the directions of the President as follows:
(1) Donation, sale, or other disposition for disaster or other
relief purposes outside the United States pursuant to and subject to
the limitations of subchapter III of chapter 41 of this title;
(2) Sale or barter (including barter for strategic materials) to
develop new or expanded markets for American agricultural
commodities, including but not limited to disposition pursuant to
and subject to the limitations of subchapter II of chapter 41 of
this title;
(3) Donation to school-lunch programs;
(4) Transfer to the National Defense Stockpile established by
the Strategic and Critical Materials Stock Piling Act (50 U.S.C. 98
et seq.), without reimbursement from funds appropriated for the
purposes of that Act;
(5) Donation, sale, or other disposition for research,
experimental, or educational purposes;
(6) Donation, sale, or other disposition for disaster relief
purposes in the United States or to meet any national emergency
declared by the President; and
(7) Sale for unrestricted use to meet a need for increased
supplies at not less than 105 per centum of the parity price in the
case of agricultural commodities and a price reflecting 105 per
centum of the parity price of the agricultural commodity in the case
of products of agricultural commodities.
The President shall prescribe such terms and conditions for the
disposal of commodities in the commodity set-aside as he determines will
provide adequate safeguards against interference with normal marketings
of the supplies of such commodities outside the commodity set-aside.
Strategic materials acquired by the Commodity Credit Corporation under
paragraph (2) of this subsection shall be transferred to the National
Defense Stockpile established by the Strategic and Critical Materials
Stock Piling Act [50 U.S.C. 98 et seq.], and the Commodity Credit
Corporation shall be reimbursed for the value of the commodities
bartered for such strategic materials from funds appropriated for
purposes of that Act. For the purpose of such reimbursement, the value
of any commodity so bartered shall be the lower of the domestic market
price or the Commodity Credit Corporation's investment therein as of the
date of such barter, as determined by the Secretary of Agriculture.
(b) The quantity of any commodity in the commodity set-aside shall
be reduced to the extent that the Commodity Credit Corporation inventory
of such commodity is reduced, by natural or other cause beyond the
control of the Corporation, below the quantity then charged to the
commodity set-aside.
(Aug. 28, 1954, ch. 1041, title I, Sec. 103, 68 Stat. 897; Pub. L. 96-
41, Sec. 3(a)(1), July 30, 1979, 93 Stat. 324.)
References in Text
The Strategic and Critical Materials Stock Piling Act, referred to
in subsec. (a), is act June 7, 1939, ch. 190, as revised generally by
Pub. L. 96-41, Sec. 2, July 30, 1979, 93 Stat. 319, which is classified
generally to subchapter III (Sec. 98 et seq.) of chapter 5 of Title 50,
War and National Defense. For complete classification of this Act to the
Code, see section 98 of Title 50 and Tables.
Amendments
1979--Subsec. (a). Pub. L. 96-41 substituted ``the National Defense
Stockpile established by the Strategic and Critical Materials Stock
Piling Act (50 U.S.C. 98 et seq.)'' for ``the national stockpile
established pursuant to the Act of June 7, 1939, as amended,'' in par.
(4), and in the provisions following par. (7) substituted ``the National
Defense Stockpile established by the Strategic and Critical Materials
Stock Piling Act'' for ``the national stockpile established pursuant to
the Act of June 7, 1939, as amended,'' and ``funds appropriated for the
purposes of that Act'' for ``funds appropriated pursuant to section 8 of
such Act of June 7, 1939''.
Executive Order No. 10601
Ex. Ord. No. 10601, Mar. 21, 1955, 20 F.R. 1761, as amended by Ex.
Ord. No. 10773, July 1, 1958, 23 F.R. 5061; Ex. Ord. No. 10782, Sept. 6,
1958, 23 F.R. 6971; Ex. Ord. No. 11051, Sept. 27, 1962, 27 F.R. 9683;
Ex. Ord. No. 12148, July 20, 1979, 44 F.R. 43239, which provided for
administration of the commodity set-aside program, was revoked by Ex.
Ord. No. 12553, Feb. 25, 1986, 51 F.R. 7237.
Section Referred to in Other Sections
This section is referred to in sections 1744, 1747 of this title;
title 50 section 98c.
