§ 5901. — Short title, purposes, and definitions.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC5901]
TITLE 7--AGRICULTURE
CHAPTER 88--RESEARCH
SUBCHAPTER VI--ALTERNATIVE AGRICULTURAL RESEARCH AND COMMERCIALIZATION
Secs. 5901 to 5909. Repealed. Pub. L. 107-171, title VI,
Sec. 6201(a), May 13, 2002, 116 Stat. 418
Section 5901, Pub. L. 101-624, title XVI, Sec. 1657, Nov. 28, 1990,
104 Stat. 3756; Pub. L. 104-127, title VII, Sec. 721, Apr. 4, 1996, 110
Stat. 1112, provided that this subchapter may be cited as the
``Alternative Agricultural Research and Commercialization Act of 1990''
and specified purpose of and definitions relating to this subchapter.
Section 5902, Pub. L. 101-624, title XVI, Sec. 1658, Nov. 28, 1990,
104 Stat. 3757; Pub. L. 102-237, title IV, Sec. 405(a), Dec. 13, 1991,
105 Stat. 1864; Pub. L. 104-127, title VII, Sec. 722(a), Apr. 4, 1996,
110 Stat. 1113, created the Alternative Agricultural Research and
Commercialization Corporation.
Section 5903, Pub. L. 101-624, title XVI, Sec. 1659, Nov. 28, 1990,
104 Stat. 3759; Pub. L. 104-127, title VII, Sec. 723(a), Apr. 4, 1996,
110 Stat. 1115, related to board of directors, employees, and
facilities.
Section 5904, Pub. L. 101-624, title XVI, Sec. 1660, Nov. 28, 1990,
104 Stat. 3761; Pub. L. 104-127, title VII, Sec. 724, Apr. 4, 1996, 110
Stat. 1119, related to research and development grants, contracts, and
agreements.
Section 5905, Pub. L. 101-624, title XVI, Sec. 1661, Nov. 28, 1990,
104 Stat. 3762; Pub. L. 104-127, title VII, Sec. 725, Apr. 4, 1996, 110
Stat. 1119, related to commercialization assistance.
Section 5906, Pub. L. 101-624, title XVI, Sec. 1662, Nov. 28, 1990,
104 Stat. 3764; Pub. L. 104-127, title VII, Sec. 726, Apr. 4, 1996, 110
Stat. 1119, related to general rules regarding provision of assistance.
Section 5907, Pub. L. 101-624, title XVI, Sec. 1663, Nov. 28, 1990,
104 Stat. 3765; Pub. L. 102-237, title IV, Sec. 405(b), Dec. 13, 1991,
105 Stat. 1864; Pub. L. 104-127, title VII, Sec. 727, Apr. 4, 1996, 110
Stat. 1119, related to Regional Centers.
Section 5908, Pub. L. 101-624, title XVI, Sec. 1664, Nov. 28, 1990,
104 Stat. 3766; Pub. L. 104-127, title VII, Sec. 728, Apr. 4, 1996, 110
Stat. 1120, related to the Alternative Agricultural Research and
Commercialization Revolving Fund.
Section 5909, Pub. L. 101-624, title XVI, Sec. 1665, as added Pub.
L. 104-127, title VII, Sec. 729, Apr. 4, 1996, 110 Stat. 1121, related
to procurement of alternative agricultural research and
commercialization products.
Disposition and Use of Assets
Pub. L. 107-171, title VI, Sec. 6201(b), (c), May 13, 2002, 116
Stat. 418, 419, provided that:
``(b) Disposition of Assets.--On the date of enactment of this Act
[May 13, 2002]--
``(1) the assets, both tangible and intangible, of the
Alternative Agricultural Research and Commercialization Corporation
(referred to in this section as the `Corporation'), including the
funds in the Alternative Agricultural Research and Commercialization
Revolving Fund as of the date of enactment of this Act, are
transferred to the Secretary of Agriculture; and
``(2) notwithstanding the Federal Property and Administrative
Services Act of 1949 (40 U.S.C. 471 et seq.) [now chapters 1 to 11
of Title 40, Public Buildings, Property, and Works and title III of
the Act of June 30, 1949 (41 U.S.C. 251 et seq.)] and any other law
that prescribes procedures for procurement, use, and disposal of
property by a Federal agency, the Secretary shall have authority to
manage and dispose of the assets transferred under paragraph (1) in
a manner that, to the maximum extent practicable, provides the best
value to the Federal Government.
``(c) Use of Assets.--
``(1) In general.--Funds transferred under subsection (b), and
any income from assets or proceeds from the sale of assets
transferred under subsection (b), shall be deposited in an account
in the Treasury, and shall remain available to the Secretary until
expended, without further appropriation, to pay--
``(A) any claims against, or obligations of, the
Corporation; and
``(B) the costs incurred by the Secretary in carrying out
this section.
``(2) Final disposition.--On final disposition of all assets
transferred under subsection (b), any funds remaining in the account
described in paragraph (1) shall be transferred into miscellaneous
receipts in the Treasury.''
Business Plan and Feasibility Study and Report
Pub. L. 104-127, title VII, Sec. 730, Apr. 4, 1996, 110 Stat. 1122,
provided for a business plan for, and a feasibility study and report on,
the Alternative Agricultural Research and Commercialization Corporation,
prior to repeal by Pub. L. 107-171, title VI, Sec. 6201(d)(2), May 13,
2002, 116 Stat. 419.
