§ 1856. — Transfer of bartered materials to supplemental stockpile; limitation of acquisition to certain programs; authorization of appropriations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC1856]
TITLE 7--AGRICULTURE
CHAPTER 46--SURPLUS DISPOSAL OF AGRICULTURAL COMMODITIES
Sec. 1856. Transfer of bartered materials to supplemental
stockpile; limitation of acquisition to certain programs;
authorization of appropriations
(a) Strategic and other materials acquired by the Commodity Credit
Corporation as a result of barter or exchange of agricultural
commodities or products, unless acquired for the national stockpile
established pursuant to the Strategic and Critical Materials Stock
Piling Act [50 U.S.C. 98 et seq.], or for other purposes shall be
transferred to the supplemental stockpile established by section 1704(b)
\1\ of this title; but no strategic or critical material shall be
acquired by the Commodity Credit Corporation as a result of such barter
or exchange except for such national stockpile, for such supplemental
stockpile, for foreign economic or military aid or assistance programs,
or for offshore construction programs, or to meet requirements of
Government agencies.
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\1\ See References in Text note below.
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(b) Repealed. Pub. L. 87-456, title III, Sec. 303(c), May 24, 1962,
76 Stat. 78.
(c) In order to reimburse the Commodity Credit Corporation for
materials transferred to the supplemental stockpile there are hereby
authorized to be appropriated amounts equal to the value of any
materials so transferred. The value of any such material for the purpose
of this subsection, shall be the lower of the domestic market price or
the Commodity Credit Corporation's investment therein as of the date of
such transfer as determined by the Secretary of Agriculture.
(May 28, 1956, ch. 327, title II, Sec. 206, 70 Stat. 200; Pub. L. 85-
931, Sec. 7, Sept. 6, 1958, 72 Stat. 1791; Pub. L. 86-341, title II,
Sec. 204, Sept. 21, 1959, 73 Stat. 611; Pub. L. 87-456, title III,
Sec. 303(c), May 24, 1962, 76 Stat. 78.)
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.
Section 1704(b) of this title, referred to in subsec. (a), was
amended generally by Pub. L. 101-624, title XV, Sec. 1512, Nov. 28,
1990, 104 Stat. 3635, and, as so amended, no longer contains provisions
relating to a supplemental stockpile.
Amendments
1962--Subsec. (b). Pub. L. 87-456 repealed subsec. (b) which
permitted strategic materials acquired by Commodity Credit Corporation
as a result of barter or exchange of agricultural commodities or
products to be entered, or withdrawn from warehouse, free of duty.
1959--Subsec. (a). Pub. L. 86-341 authorized acquisition of
strategic and critical materials for national stockpile to meet
requirements of Government agencies.
1958--Subsec. (a). Pub. L. 85-931 limited acquisition of strategic
and critical materials for national stockpile, supplemental stockpile,
foreign economic or military aid or assistance programs and offshore
construction programs.
Effective Date of 1962 Amendment
Amendment by Pub. L. 87-456 effective with respect to articles
entered, or withdrawn from warehouse, for consumption on or after Aug.
31, 1963, see section 501(a) of Pub. L. 87-456.
