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7 U.S.C. § 607 — Sale by Secretary; additional options; validation of assignments; publication of information
Federal law — U.S. Code and appendices · legal_authorities
The Secretary shall sell cotton held or acquired by him pursuant to authority of this chapter at his discretion subject only to the conditions and limitations of this chapter: Provided, That the Secretary shall have authority to enter into option contracts with producers of cotton to sell to or for the producers such cotton held and/or acquired by him in such amounts and at such prices and upon such terms and conditions as he, the Secretary, may deem advisable, and such option contracts may be transferred or assigned in such manner as the Secretary of Agriculture may prescribe.
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Stable record: federal_law:legal_authorities:record_usc_dd1b4bfc49754a0dd2c50796
Source file: Laws/federal/codes/united-states-code/title-7/section-607-sale-by-secretary-additional-options-validation-of-assignments-publicati--26dccf0575.md
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Source location: Title 7, Chapter 26, § 607; chapter-026-agricultural-adjustment.md
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The Secretary shall sell cotton held or acquired by him pursuant to authority of this chapter at his discretion subject only to the conditions and limitations of this chapter: Provided, That the Secretary shall have authority to enter into option contracts with producers of cotton to sell to or for the producers such cotton held and/or acquired by him in such amounts and at such prices and upon such terms and conditions as he, the Secretary, may deem advisable, and such option contracts may be transferred or assigned in such manner as the Secretary of Agriculture may prescribe.
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Federal law — U.S. Code and appendices · legal_authorities
(1) All parties to any marketing agreement, and all handlers subject to an order, shall severally, from time to time, upon the request of the Secretary, furnish him with such information as he finds to be necessary to enable him to ascertain and determine the extent to which such agreement or order has been carried out or has effectuated the declared policy of this chapter and with such information as he finds to be necessary to determine whether or not there has been any abuse of the privilege of exemptions from the antitrust laws. Such information shall be furnished in accordance with forms of reports to be prescribed by the Secretary. For the purpose of ascertaining the correctness of any report made to the Secretary pursuant to this subsection, or for the purpose of obtaining the information required in any such report, where it has been requested and has not been furnished, the Secretary is authorized to examine such books, papers, records, copies of income-tax reports, accounts, correspondence, contracts, documents, or memoranda, as he deems relevant and which are within the control (1) of any such party to such marketing agreement, or any such handler, from whom such report was requested or (2) of any person having, either directly or indirectly, actual or legal control of or over such party or such handler or (3) of any subsidiary of any such party, handler, or person.
(2) Notwithstanding the provisions of [section 607 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section607&num=0&edition=prelim), all information furnished to or acquired by the Secretary of Agriculture pursuant to this section, as well as information for marketing order programs that is categorized as trade secrets and commercial or financial information exe
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Federal law — U.S. Code and appendices · legal_authorities
Page 456
TITLE 7—AGRICULTURE
§ 605
or both of the methods provided in this section
for obtaining funds for the purposes hereinabove
enumerated.
(e) The Secretary of Agriculture is authorized
to use in his discretion any funds obtained by
him pursuant to the provisions of subsection (a)
or (b) of this section for making advances to any
agency which may have been or may be estab-
lished by the Secretary of Agriculture for the
handling, carrying, insuring, or marketing of
any cotton acquired by the Secretary of Agri-
culture, to enable any such agency to perform,
exercise, and discharge any of the duties, privi-
leges, and functions which such agency may be
authorized to perform, exercise, or discharge.
(f) The proceeds derived from the sale of cot-
ton shall be held for the Secretary of Agri-
culture by the Treasurer of the United States in
a special deposit account and shall be used by
the Secretary of Agriculture to discharge the
obligations incurred under authority of sections
603, 604, and 607 of this title. Whenever any cot-
ton shall be marketed the net proceeds (after
discharge of other obligations incurred with re-
spect thereto) derived from the sale thereof
shall be used, to the extent required, to reim-
burse the Treasury for such portion of the funds
hereby provided for as shall have been used,
which shall be covered into the Treasury as a
miscellaneous receipt. If when all of the cotton
acquired by the Secretary of Agriculture shall
have been marketed and all of the obligations
incurred with respect to such cotton shall have
been discharged, and the Treasury reimbursed
for any and all sums which may have been ad-
vanced pursuant to subsection (b), there shall
remain any balance in the hands of the Sec-
retary of Agriculture, such ba
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 607
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