Notes on 7 U.S.C. § 1723 : US Code - Notes

Search Notes on 7 U.S.C. § 1723 : US Code - Notes

(July 10, 1954, ch. 469, title II, Sec. 203, 68 Stat. 458; May 28,
1956, ch. 327, title II, Sec. 208(c), 70 Stat. 201; Pub. L. 85-128,
Sec. 1(3), Aug. 13, 1957, 71 Stat. 345; Pub. L. 86-341, title I,
Sec. 3, Sept. 21, 1959, 73 Stat. 606; Pub. L. 86-472, ch. VI, Sec.
601(b), May 14, 1960, 74 Stat. 140; Pub. L. 87-128, title II, Sec.
202(1), Aug. 8, 1961, 75 Stat. 307; Pub. L. 88-638, Sec. 1(13),
(14), Oct. 8, 1964, 78 Stat. 1037; Pub. L. 89-808, Sec. 2(C), Nov.
11, 1966, 80 Stat. 1535; Pub. L. 95-88, title II, Sec. 209, Aug. 3,
1977, 91 Stat. 548; Pub. L. 98-473, title III, Sec. 305, Oct. 12,
1984, 98 Stat. 2195; Pub. L. 101-624, title XV, Sec. 1512, Nov. 28,
1990, 104 Stat. 3638; Pub. L. 104-127, title II, Sec. 208, Apr. 4,
1996, 110 Stat. 954; Pub. L. 107-171, title III, Sec. 3003, May 13,
2002, 116 Stat. 281.)
AMENDMENTS                            
2002 - Pub. L. 107-171, Sec. 3003(1), struck out "foreign" before
"currencies" in section catchline.
Subsec. (a). Pub. L. 107-171, Sec. 3003(2), substituted "1 or
more recipient countries, or 1 or more countries" for "the
recipient country, or in a country".
Subsec. (b). Pub. L. 107-171, Sec. 3003(3), substituted "1 or
more recipient countries, or in 1 or more countries" for "in
recipient countries, or in countries" and struck out "foreign
currency" before "proceeds".
Subsec. (c). Pub. L. 107-171, Sec. 3003(4), struck out "foreign
currency" before "proceeds" and substituted "1 or more recipient
countries, or in 1 or more countries" for "the recipient country,
or in a country".
Subsec. (d). Pub. L. 107-171, Sec. 3003(5)(A), substituted
"Proceeds" for "Foreign currencies" in introductory provisions.
Subsec. (d)(2). Pub. L. 107-171, Sec. 3003(5)(B), substituted
"income-generating" for "income generating" and "1 or more
recipient countries or within 1 or more countries" for "the
recipient country or within a country".
Subsec. (d)(3). Pub. L. 107-171, Sec. 3003(5)(C), inserted comma
after "invested" and after "investment may be used".
1996 - Subsec. (a). Pub. L. 104-127, Sec. 208(1), inserted ", or
in a country in the same region," after "in the recipient country".
Subsec. (b). Pub. L. 104-127, Sec. 208(2), inserted "or in
countries in the same region," after "in recipient countries," and
substituted "15 percent" for "10 percent".
Subsec. (c). Pub. L. 104-127, Sec. 208(3), inserted "or in a
country in the same region," after "recipient country,".
Subsec. (d)(2). Pub. L. 104-127, Sec. 208(4), inserted "or within
a country in the same region" after "recipient country".
1990 - Pub. L. 101-624 amended section generally, substituting
present provisions for provisions relating to the payment of costs
and charges by the Commodity Credit Corporation for packaging,
enrichment, preservation, processing, transportation, handling, and
other incidental charges relating to commodities.
1984 - Pub. L. 98-473 inserted following cl. (4): "in the case of
commodities for urgent and extraordinary relief requirements,
including pre-positioned commodities, transportation costs from
designated points of entry or ports of entry abroad to storage and
distribution sites and associated storage and distribution costs;".
1977 - Pub. L. 95-88 substituted "transportation from United
States ports to designated points of entry abroad in the case (1)
of landlocked countries, (2) where ports cannot be used effectively
because of natural or other disturbances, (3) where carriers to a
specific country are unavailable, or (4) where a substantial
savings in costs or time can be effected by the utilization of
points of entry other than ports" for ", or, in the case of
landlocked countries, transportation from United States ports to
designated points of entry abroad".
1966 - Pub. L. 89-808 reenacted, with linguistic changes,
existing provisions for payment of costs and charges, included
costs of acquisition, packaging, enrichment, preservation,
fortification, processing, handling, other incidents, struck out
provisions for authorization of appropriations for reimbursement of
CCC, limitation on amount, and use of funds for purchase of foreign
currencies, now covered by section 1724 of this title, and deleted
other provisions for use of agencies, organizations, and facilities
in making transfers, now covered by section 1722 of this title, and
provision for transfer of funds from the CCC to such other Federal
agency designated by the President for payment of ocean freight
costs or for purchase of foreign currencies under this subchapter.
1964 - Pub. L. 88-638 substituted "1965"; for "1961", "1966" for
"1964", and "$400,000,000" for "$300,000,000", inserted "or donated
under said section 1431, or section 1431b or 1697 of this title",
provisions authorizing use of funds available under subchapter III,
not exceeding $7,500,000 annually, to purchase foreign currencies
accruing under subchapter II in order to meet costs designed to
assure that commodities available under subchapters I or III are
used to carry out more effectively the purposes for which such
commodities are made available or to promote activities to
alleviate the causes of the need for such assistance, provided that
such funds are used to supplement, not substitute for, funds
normally available for such purposes from other non-United States
Government sources, and "or for the purchase of foreign currencies"
after "ocean freight costs".
1961 - Pub. L. 87-128 substituted authorization provision for
period beginning January 1, 1961, and ending December 31, 1964, for
authorization provision beginning January 1, 1960, and ending
December 31, 1961, and made the annual limitation applicable to the
amount programed rather than to the amount spent.
1960 - Pub. L. 86-472 authorized payment for transportation from
United States ports to designated points of entry abroad in the
case of landlocked countries, and permitted the payment of charges
for general average contributions arising out of the ocean
transport of transferred commodities.
1959 - Pub. L. 86-341 amended first sentence generally. Prior to
amendment, first sentence read as follows: "Not more than
$800,000,000 (including the Corporation's investment in such
commodities) shall be expended for all such transfers and for other
costs authorized by this subchapter."
1957 - Pub. L. 85-128 increased limitation on expenditures from
$500,000,000 to $800,000,000.
1956 - Act May 28, 1956, increased limitation on expenditures
from $300,000,000 to $500,000,000, and authorized payment of ocean
freight charges.
EFFECTIVE DATE OF 1990 AMENDMENT                 
Amendment by Pub. L. 101-624 effective Jan. 1, 1991, see section
1513 of Pub. L. 101-624, set out as a note under section 1691 of
this title.
EFFECTIVE DATE OF 1977 AMENDMENT                 
Amendment by Pub. L. 95-88 effective Oct. 1, 1977, see section
215 of Pub. L. 95-88, set out as a note under section 1702 of this
title.
EFFECTIVE DATE OF 1966 AMENDMENT                 
Amendment by Pub. L. 89-808 effective Jan. 1, 1967, see section 5
of Pub. L. 89-808, set out as a note under section 1691 of this
title.
EFFECTIVE DATE OF 1964 AMENDMENT                 
Section 1(13) of Pub. L. 88-638 provided that the substitution of
"1965" for "1961", "1966" for "1964", and "$400,000,000" for
"$300,000,000" are not effective until Jan. 1, 1965.
EFFECTIVE DATE OF 1959 AMENDMENT                 
Section 3 of Pub. L. 86-341 provided that the amendment made by
that section is effective Jan. 1, 1960.
(!1) So in original. Probably should be "in 1".