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7 U.S.C. § 1707 — Payments by Secretary of Defense in liquidation of amount due for foreign currencies
Federal law — U.S. Code and appendices · legal_authorities
The Secretary of Defense shall pay to the Commodity Credit Corporation an amount not to exceed $6,000,000 per year until the amount due for foreign currencies used for housing constructed or acquired under title II of the Food for Peace Act ([7 U.S.C. 1721–172](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1721–172&num=0&edition=prelim)6) has been liquidated.
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Source file: Laws/federal/codes/united-states-code/title-7/section-1707-payments-by-secretary-of-defense-in-liquidation-of-amount-due-for-foreig--d4aca8e0a7.md
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Source location: Title 7, Chapter 41, § 1707; chapter-041-food-for-peace.md
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The Secretary of Defense shall pay to the Commodity Credit Corporation an amount not to exceed $6,000,000 per year until the amount due for foreign currencies used for housing constructed or acquired under title II of the Food for Peace Act ([7 U.S.C. 1721–172](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1721–172&num=0&edition=prelim)6) has been liquidated.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Notice of negotiations** The Secretary of State and the Secretary of the Treasury shall, in every feasible instance, notify the designated congressional committees not less than 15 days prior to any formal negotiation for debt relief under this subchapter.
**(b) Transmittal of text of agreements** The Secretary of State shall transmit to the designated congressional committees a copy of the text of any agreement with any foreign government which would result in any debt relief under this subchapter no less than 30 days prior to its entry into force, together with a detailed justification of the interest of the United States in the proposed debt relief.
**(c) Annual report** The Secretary of State or the Secretary of the Treasury, as appropriate, shall submit to the designated congressional committees not later than February 1 of each year a consolidated statement of the budgetary implications of all debt relief agreements entered into force under this subchapter during the preceding fiscal year.
**(d) Designated congressional committees** As used in this section, the term “designated congressional committees” means the Committee on Agriculture and the Committee on Foreign Affairs of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The term “military construction” as used in this chapter or any other provision of law includes any construction, development, conversion, or extension of any kind carried out with respect to a military installation, whether to satisfy temporary or permanent requirements, or any acquisition of land or construction of a defense access road (as described in [section 210 of title 23](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title23-section210&num=0&edition=prelim)).
**(b)** A military construction project includes all military construction work, or any contribution authorized by this chapter, necessary to produce a complete and usable facility or a complete and usable improvement to an existing facility (or to produce such portion of a complete and usable facility or improvement as is specifically authorized by law).
**(c)** In this chapter and chapter 173 of this title:
(1) The term “appropriate committees of Congress” means the congressional defense committees and, with respect to any project to be carried out by, or for the use of, an intelligence component of the Department of Defense, the Permanent Select Committee on Intelligence of the House of Representatives and the Select Committee on Intelligence of the Senate.
(2) The term “facility” means a building, structure, or other improvement to real property.
(3) The term “life-cycle cost-effective”, with respect to a project, product, or measure, means that the sum of the present values of investment costs, capital costs, installation costs, energy costs, operating costs, maintenance costs, and replacement costs, as estimated for the lifetime of the project, product, or measure, does not exceed the base case (current or standard) for the practice, product, or measure.
(4) The term “mil
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** In this section:
(1) **Agricultural commodity** — The term “agricultural commodity” has the meaning given the term in [section 5602 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section5602&num=0&edition=prelim).
(2) **Geographically disadvantaged farmer or rancher** — The term “geographically disadvantaged farmer or rancher” has the meaning given the term in section 10906(a) of the Farm Security and Rural Investment Act of 2002 ([7 U.S.C. 2204](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2204&num=0&edition=prelim) note; Public Law 107–171).
**(b) Authorization** Subject to the availability of funds under subsection (d), the Secretary may provide geographically disadvantaged farmers or ranchers direct reimbursement payments for activities described in subsection (c).
**(c) Transportation**
(1) **In general** — Subject to paragraphs (2) and (3), the Secretary may provide direct reimbursement payments to a geographically disadvantaged farmer or rancher to transport an agricultural commodity, or inputs used to produce an agricultural commodity, during a fiscal year.
(2) **Proof of eligibility** — To be eligible to receive assistance under paragraph (1), a geographically disadvantaged farmer or rancher shall demonstrate to the Secretary that transportation of the agricultural commodity or inputs occurred over a distance of more than 30 miles, as determined by the Secretary.
(3) **Amount**
(A) *In general* — Subject to paragraph (2), the amount of direct reimbursement payments made to a geographically disadvantaged farmer or rancher under this section for a fiscal year shall equal the product obtained by multiplying—
(i) the amount of costs incurred by the geographically di
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Federal law — U.S. Code and appendices · legal_authorities
(a) United States development cooperation policy
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Federal law — U.S. Code and appendices · legal_authorities
It is declared to be the policy of Congress to continue the Soil Conservation and Domestic Allotment Act, as amended [[16 U.S.C. 590a](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section590a&num=0&edition=prelim) et seq.], for the purpose of conserving national resources, preventing the wasteful use of soil fertility, and of preserving, maintaining, and rebuilding the farm and ranch land resources in the national public interest; to accomplish these purposes through the encouragement of soil-building and soil-conserving crops and practices; to assist in the marketing of agricultural commodities for domestic consumption and for export; and to regulate interstate and foreign commerce in cotton, wheat, corn, and rice to the extent necessary to provide an orderly, adequate, and balanced flow of such commodities in interstate and foreign commerce through storage of reserve supplies, loans, marketing quotas, assisting farmers to obtain insofar as practicable, parity prices for such commodities and parity of income, and assisting consumers to obtain an adequate and steady supply of such commodities at fair prices.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Payment**
(1) **Dollars** — Except as provided in paragraph (2), agreements under this subchapter shall require that payment for agricultural commodities be made in dollars.
(2) **Local currencies**
(A) *In general* — The Secretary may permit payment under an agreement under this subchapter in the local currency of the appropriate country in order to use the proceeds from such payments to carry out activities under [section 1704 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1704&num=0&edition=prelim).
(B) *Rates of exchange* — Payments in local currency shall be at rates of exchange that are no less favorable than the highest exchange rate legally obtainable in the country and that are no less favorable than the highest exchange rate obtainable by any other country.
**(b) Interest** Such agreements shall provide that interest accrue on the payment deferred under such agreement at a concessional rate as determined appropriate by the Secretary.
**(c) Duration** Payments required under such agreements may be made in reasonable annual amounts over the period (not more than 30 years from the date of the last delivery of commodities in each year under such agreement) specified in the agreement.
**(d) Deferral of payments** The Secretary may defer the date on which the developing country or private entity is required to begin making payment, under such agreements, for a period of not in excess of 5 years after the date of the last delivery of commodities in each year under the agreement, and interest shall be computed from the date of such last delivery.
**(e) Delivery of commodities** Delivery of the commodities shall be made in accordance with the terms of the agreement.
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Federal law — U.S. Code and appendices · legal_authorities
As used in this chapter:
(1) **Administrator** — The term “Administrator” means the Administrator of the Agency for International Development, unless otherwise specified in this chapter.
(2) **Agricultural commodity** — The term “agricultural commodity”, unless otherwise provided for in this chapter, includes any agricultural commodity or the products thereof produced in the United States, including wood and processed wood products, fish, and livestock as well as value-added, fortified, or high-value agricultural products. Effective beginning on October 1, 1991, for purposes of subchapter III, a product of an agricultural commodity shall not be considered to be produced in the United States if it contains any ingredient that is not produced in the United States, if that ingredient is produced and is commercially available in the United States at fair and reasonable prices.
(3) **Appropriate committee of Congress** — The term “appropriate committee of Congress” means—
(A) the Committee on Agriculture, Nutrition, and Forestry of the Senate;
(B) the Committee on Agriculture of the House of Representatives; and
(C) the Committee on Foreign Affairs of the House of Representatives.
(4) **Cooperative** — The term “cooperative” means a private sector organization whose members own and control the organization and share in its services and its profits and that provides business services and outreach in cooperative development for its membership.
(5) **Developing country** — The term “developing country” means a country that has a shortage of foreign exchange earnings and has difficulty meeting all of its food needs through commercial channels.
(6) **Food security** — The term “food security” means access by all people at all times to sufficient food and nutrition
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Federal law — U.S. Code and appendices · legal_authorities
Page 970
TITLE 7—AGRICULTURE
§ 1704a
out fiscal year limitation for the purposes of section
104(m) of that Act [former subsec. (m) of this section],
including administrative expenses directly related
thereto, in an amount not to exceed the equivalent of
$1,275,000.’’
INTERNATIONAL COOPERATION IN HEALTH RESEARCH,
RESEARCH TRAINING, AND RESEARCH PLANNING
Use of foreign currencies accruing under this sub-
chapter to carry out purposes of International Health
Research Act of 1960, see section 2103 of Title 22, For-
eign Relations and Intercourse.
USE OF FOREIGN CURRENCIES
Foreign currencies accruing to United States under
this subchapter may be used for purposes set forth in
this section, see Ex. Ord. No. 12752, § 2(b)(1), (2), Feb. 25,
1991, 56 F.R. 8255, set out as a note under section 1691
of this title.
§ 1704a. Agreements for use of foreign currencies;
reports to Congress
Within sixty days after any agreement is en-
tered into for the use of any foreign currencies,
a full report thereon shall be made to the Senate
and the House of Representatives of the United
States and to the Committees on Agriculture
and Appropriations thereof.
(Pub. L. 85–128, § 1(5), Aug. 13, 1957, 71 Stat. 345.)
Editorial Notes
CODIFICATION
Section was not enacted as part of the Food for Peace
Act which comprises this chapter.
Executive Documents
TRANSMISSION OF REPORTS
For provisions requiring Secretary of Agriculture and
Administrator of Agency for International Develop-
ment to transmit reports required by this section as re-
lated to use of foreign currencies accruing under sub-
chapters II and III–A of this chapter, see section 2(b)(3)
of Ex. Ord. No. 12752, Feb. 25, 1991, 56 F.R. 8255, set out
as a note under section 1691 of this title.
§ 1704b. Repealed. Pub.
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1707
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Sections were omitted as part of the complete revision of the Agricultural Trade Act of 1978 (Pub. L. 95–501) by Pub. L. 101–624, title XV, § 1531, Nov. 28, 1990, 104 Stat. 3668. See chapter 87 (§ 5601 et seq.) of this title.
Section 1707b, Pub. L. 95–501, title II, § 201, Oct. 21, 1978, 92 Stat. 1686, provided for a program of deferred payment sales of agricultural commodities.
Section 1707c, Pub. L. 95–501, title II, § 202, Oct. 21, 1978, 92 Stat. 1687, provided for a program of credit sales to People’s Republic of China.
Section 1707d, Pub. L. 95–501, title II, § 203, Oct. 21, 1978, 92 Stat. 1687, defined “agricultural commodity”.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1721
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Federal law — U.S. Code and appendices · legal_authorities
Page 971
TITLE 7—AGRICULTURE
§ 1721
Sept. 6, 1965, Pub. L. 89–171, pt. III, § 401, 79 Stat. 662;
Nov. 11, 1966, Pub. L. 89–808, § 2(B), 80 Stat. 1532, relating
to policy of encouraging overseas sales of commodities,
was omitted in the general revision of this chapter by
Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990, 104 Stat.
3633.
§ 1707a. Repealed. Pub. L. 101–624, title XV,
§ 1574, Nov. 28, 1990, 104 Stat. 3702
Section, Pub. L. 89–808, § 4, Nov. 11, 1966, 80 Stat. 1538;
Pub. L. 95–501, title I, § 101, Oct. 21, 1978, 92 Stat. 1685;
Pub. L. 97–98, title XII, § 1201, Dec. 22, 1981, 95 Stat. 1274;
Pub. L. 98–623, title IV, § 405(c), Nov. 8, 1984, 98 Stat.
3409; Pub. L. 99–198, title XI, §§ 1130, 1131, Dec. 23, 1985,
99 Stat. 1486; Pub. L. 100–418, title IV, § 4402(b), Aug. 23,
1988, 102 Stat. 1400, provided for an export credit sales
program. See section 5621 et seq. of this title.
§§ 1707b to 1707d. Omitted
Editorial Notes
CODIFICATION
Sections were omitted as part of the complete revi-
sion of the Agricultural Trade Act of 1978 (Pub. L.
95–501) by Pub. L. 101–624, title XV, § 1531, Nov. 28, 1990,
104 Stat. 3668. See chapter 87 (§ 5601 et seq.) of this title.
Section 1707b, Pub. L. 95–501, title II, § 201, Oct. 21,
1978, 92 Stat. 1686, provided for a program of deferred
payment sales of agricultural commodities.
Section 1707c, Pub. L. 95–501, title II, § 202, Oct. 21,
1978, 92 Stat. 1687, provided for a program of credit sales
to People’s Republic of China.
Section 1707d, Pub. L. 95–501, title II, § 203, Oct. 21,
1978, 92 Stat. 1687, defined ‘‘agricultural commodity’’.
§§ 1708 to 1715. Omitted
Editorial Notes
CODIFICATION
Sections were omitted in the general revision of this
chapter by Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990,
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1721
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