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7 U.S.C. § 1379h — Assistance in purchase and sale of marketing certificates; regulations; administrative expenses; interest
Federal law — U.S. Code and appendices · legal_authorities
For the purpose of facilitating the purchase and sale of marketing certificates, the Commodity Credit Corporation is authorized to issue, buy, and sell marketing certificates in accordance with regulations prescribed by the Secretary. Such regulations may authorize the Corporation to issue and sell certificates in excess of the quantity of certificates which it purchases. Such regulations may authorize the Corporation in the sale of marketing certificates to charge, in addition to the face value thereof, an amount determined by the Secretary to be appropriate to cover estimated administrative costs in connection with the purchase and sale of the certificates and estimated interest incurred on funds of the Corporation invested in certificates purchased by it.
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Stable record: federal_law:legal_authorities:record_usc_0040edcd467db94b4070a60e
Source file: Laws/federal/codes/united-states-code/title-7/section-1379h-assistance-in-purchase-and-sale-of-marketing-certificates-regulations-ad--56c4bc56cf.md
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Source location: Title 7, Chapter 35, § 1379h; chapter-035-agricultural-adjustment-act-of-1938.md
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For the purpose of facilitating the purchase and sale of marketing certificates, the Commodity Credit Corporation is authorized to issue, buy, and sell marketing certificates in accordance with regulations prescribed by the Secretary. Such regulations may authorize the Corporation to issue and sell certificates in excess of the quantity of certificates which it purchases. Such regulations may authorize the Corporation in the sale of marketing certificates to charge, in addition to the face value thereof, an amount determined by the Secretary to be appropriate to cover estimated administrative costs in connection with the purchase and sale of the certificates and estimated interest incurred on funds of the Corporation invested in certificates purchased by it.
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Federal law — U.S. Code and appendices · legal_authorities
Wheat, in addition to being a basic food, is one of the great export crops of American agriculture and its production for domestic consumption and for export is necessary to the maintenance of a sound national economy and to the general welfare. The movement of wheat from producer to consumer, in the form of the commodity or any of the products thereof, is preponderantly in interstate and foreign commerce. Unreasonably low prices of wheat to producers impair their purchasing power for nonagriculture products and place them in a position of serious disparity with other industrial groups. The conditions affecting the production of wheat are such that without Federal assistance, producers cannot effectively prevent disastrously low prices for wheat. It is necessary, in order to assist wheat producers in obtaining fair prices, to regulate the price of wheat used for domestic food and for exports in the manner provided in this part.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1379d
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Forfeitures; amount; civil action** Any person who knowingly violates or attempts to violate or who knowingly participates or aids in the violation of any of the provisions of subsection (b) of [section 1379d of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1379d&num=0&edition=prelim) shall forfeit to the United States a sum equal to two times the face value of the marketing certificates involved in such violation. Such forfeiture shall be recoverable in a civil action brought in the name of the United States.
**(b) Misdemeanors; punishment** Any person, except a producer in his capacity as a producer, who knowingly violates or attempts to violate or who knowingly participates or aids in the violation of any provision of this part, or of any regulation, governing the acquisition, disposition, or handling of marketing certificates or who knowingly fails to make any report or keep any record as required by [section 1379h of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1379h&num=0&edition=prelim) shall be deemed guilty of a misdemeanor and upon conviction thereof shall be subject to a fine of not more than $5,000 for each violation.
**(c) Forfeiture of right to receive certificates; payment of face value** Any person who, in his capacity as a producer, knowingly violates or attempts to violate or participates or aids in the violation of any provision of this part, or of any regulation, governing the acquisition, disposition, or handling of marketing certificates or fails to make any report or keep any record as required by [section 1379h of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1379h&num=0&edition=prelim) shall, (i) forfeit any right
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1381 to 1382
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Federal law — U.S. Code and appendices · legal_authorities
Page 692
TITLE 7—AGRICULTURE
§ 1379g
Section inapplicable to 2002 through 2007 crops of cov-
ered commodities, peanuts, and sugar and inapplicable
to milk during period beginning May 13, 2002, through
Dec. 31, 2007, see section 7992(a)(3) of this title.
Section inapplicable to 1996 through 2001 crops of loan
commodities, peanuts, and sugar and inapplicable to
milk during period beginning Apr. 4, 1996, and ending
Dec. 31, 2002, see section 7301(a)(1)(H) of this title.
Section inapplicable to wheat processors or exporters
during period June 1, 1991, through May 31, 1996, see
section 302 of Pub. L. 101–624, set out as a note under
section 1379d of this title.
Section inapplicable to wheat processors or exporters
during period June 1, 1986, through May 31, 1991, see
section 309 of Pub. L. 99–198, set out as a note under sec-
tion 1379d of this title.
Section inapplicable to wheat processors or exporters
during period June 1, 1982, through May 31, 1986, see
section 302 of Pub. L. 97–98, set out as a note under sec-
tion 1379d of this title.
Section inapplicable to wheat processors or exporters
during period July 1, 1973, through May 31, 1982, see sec-
tion 403 of Pub. L. 95–113, set out as a note under sec-
tion 1379d of this title.
Section inapplicable to wheat processed or exported
during period July 1, 1973, through June 30, 1978, see
section 403(b) of Pub. L. 91–524, as added by section 1(10)
of Pub. L. 93–86, set out as a note under section 1379d
of this title.
§ 1379g. Authority to facilitate transition
(a) The Secretary is authorized to take such
action as he determines to be necessary to fa-
cilitate the transition from the program cur-
rently in effect to the program provided for in
this part. Notwithstanding any other provision
of this
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1379h
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.