§ 1747. — Authorization of appropriations; determination of value of transferred commodity.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 7USC1747]
TITLE 7--AGRICULTURE
CHAPTER 42--AGRICULTURAL COMMODITY SET-ASIDE
Sec. 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
(Aug. 28, 1954, ch. 1041, title I, Sec. 107, 68 Stat. 898.)
