Browse Arkansas Code titles and sections
7 U.S.C. § 1704b — Use of local currency payment
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Agreements under this subchapter may provide that the Secretary shall use payments made in local currencies by the developing country or private entity in accordance with this section.
**(b) Special account** Foreign currencies received by the Secretary under this subchapter shall be deposited in a separate account, that may be interest-bearing, to the credit of the United States and such currencies and interest thereon shall be used as provided for in this section.
**(c) Activities** The proceeds from the payments referred to in subsection (a) may be used in the appropriate developing country, through agreements with recipient governments, private voluntary organizations, and cooperatives, for the following:
(1) **Agricultural development** — To support—
(A) increased agricultural production, including availability of agricultural inputs, with emphasis on small farms, processing of agricultural commodities, forestry management, and land and water management;
(B) credit policies for private-sector agriculture development;
(C) establishment and expansion of institutions for basic and applied agricultural research and the use of such research through development of extension services;
(D) programs to control rodents, insects, weeds, and other animal or plant pests; and
(E) the improvement of the trade capacity of the recipient country.
(2) **Agricultural business development loans** — To make loans to United States business entities (including cooperatives) and branches, subsidiaries, or affiliates of such entities for development of agricultural businesses and agricultural trade capacity in such appropriate developing countries.
(3) **Agricultural facilities loans** — To make loans to domestic or foreign entities (including cooperat
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1704b
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: 3eeb7db95d38f49798cb34a5f8c0cdf01f11ddb14f208e1cf22e159c43b5e483. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_e0004a40b698bbc46005deee
Source file: Laws/federal/codes/united-states-code/title-7/section-1704b-use-of-local-currency-payment--ffb8429cd2.md
Pages: Not recorded – Not recorded
Passage SHA-256: 3ac2b0ccb287c61bde0f12f5606bc51bc5cdff06dbad3e9e6359de47392cf8f3
Source location: Title 7, Chapter 41, § 1704b; chapter-041-food-for-peace.md
Stored source content
**(a) In general** Agreements under this subchapter may provide that the Secretary shall use payments made in local currencies by the developing country or private entity in accordance with this section.
**(b) Special account** Foreign currencies received by the Secretary under this subchapter shall be deposited in a separate account, that may be interest-bearing, to the credit of the United States and such currencies and interest thereon shall be used as provided for in this section.
**(c) Activities** The proceeds from the payments referred to in subsection (a) may be used in the appropriate developing country, through agreements with recipient governments, private voluntary organizations, and cooperatives, for the following:
(1) **Agricultural development** — To support—
(A) increased agricultural production, including availability of agricultural inputs, with emphasis on small farms, processing of agricultural commodities, forestry management, and land and water management;
(B) credit policies for private-sector agriculture development;
(C) establishment and expansion of institutions for basic and applied agricultural research and the use of such research through development of extension services;
(D) programs to control rodents, insects, weeds, and other animal or plant pests; and
(E) the improvement of the trade capacity of the recipient country.
(2) **Agricultural business development loans** — To make loans to United States business entities (including cooperatives) and branches, subsidiaries, or affiliates of such entities for development of agricultural businesses and agricultural trade capacity in such appropriate developing countries.
(3) **Agricultural facilities loans** — To make loans to domestic or foreign entities (including cooperatives) for the establishment of facilities for aiding in the utilization or distribution of agricultural products.
(4) **Trade promotion** — To promote agricultural trade development, under procedures established by the Secretary, by making loans or through other activities (including trade fairs to promote agricultural products produced in appropriate developing countries) that the Secretary determines to be appropriate.
(5) **Private sector agricultural trade development** — To conduct private sector agricultural trade development activities in the appropriate developing country, as determined appropriate by the Secretary.
(6) **Research** — To conduct research in agriculture, forestry, and aquaculture, including collaborative research which is mutually beneficial to the United States and the appropriate developing country.
(7) **United States obligations** — To make payments of United States obligations (including obligations entered into pursuant to other laws).
(8) **Safe water and sanitation** — To provide assistance under section 2152h 11 See References in Text note below. of title 22 to promote good health, economic development, poverty reduction, women’s empowerment, conflict prevention, and environmental sustainability by increasing affordable and equitable access to safe water and sanitation.
**(d) Fiscal requirements regarding use of local currencies**
(1) **Exemption** — [Section 1306 of title 31](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section1306&num=0&edition=prelim) shall not apply to local currencies used by the President under paragraphs (1) through (7) of subsection (c).
(2) **Use of currencies by other agencies** — Any department or agency of the Federal Government other than the Department of Agriculture using any such local currencies for a purpose for which funds have been appropriated shall reimburse the Commodity Credit Corporation in an amount equivalent to the dollar value of the currencies used.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Priority** In selecting agreements to be entered into under this subchapter, the Secretary shall give priority to agreements providing for the export of agricultural commodities to developing countries that—
(1) are undertaking measures for economic development purposes to improve food security and agricultural development, alleviate poverty, and promote broad-based equitable and sustainable development; and
(2) demonstrate the greatest need for food.
**(b) Private entities** An agreement entered into under this subchapter with a private entity shall require such security, or such other provisions as the Secretary determines necessary, to provide reasonable and adequate assurance of repayment of the financing extended to the private entity.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1704
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
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.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1691
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Commodity Credit Corporation may acquire and make available such agricultural commodities as necessary to carry out agreements under this chapter.
**(b) Included expenses** With respect to commodities made available under subchapters III and III–A, the Commodity Credit Corporation may pay—
(1) the cost of acquiring such commodities;
(2) the costs associated with packaging, enrichment, preservation, and fortification of such commodities, including the costs of carrying out [section 1736g–2 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1736g-2&num=0&edition=prelim);
(3) the processing, transportation, handling, and other incidental costs up to the time of the delivery of such commodities free on board vessels in United States ports;
(4) the vessel freight charges from United States ports or designated Canadian transshipment ports, as determined by the Secretary, to designated ports of entry abroad;
(5) the costs associated with transporting such commodities from United States ports to designated points of entry abroad in the case—
(A) of landlocked countries;
(B) of ports that cannot be used effectively because of natural or other disturbances;
(C) of the unavailability of carriers to a specific country; or
(D) of substantial savings in costs or time that may be effected by the utilization of points of entry other than ports;
(6) in the case of commodities for urgent and extraordinary relief requirements (including pre-positioned commodities) the transportation costs incurred in moving the commodities from designated points of entry or ports of entry abroad to storage and distribution sites and associated storage, distribution, and program implementation costs to use the commodities; and
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1736a
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Purposes** The purposes of assistance authorized by this section are—
(1) to promote good health, economic development, poverty reduction, women’s empowerment, conflict prevention, and environmental sustainability by providing assistance to expand access to safe water and sanitation, promoting integrated water resource management, and improving hygiene for people around the world;
(2) to seek to reduce by one-half from the baseline year 1990 the proportion of people who are unable to reach or afford safe drinking water and the proportion of people without access to basic sanitation by 2015;
(3) to focus water and sanitation assistance toward the countries, locales, and people with the greatest need;
(4) to promote affordability and equity in the provision of access to safe water and sanitation for the very poor, women, and other vulnerable populations;
(5) to improve water efficiency through water demand management and reduction of unaccounted-for water;
(6) to promote long-term sustainability in the affordable and equitable provision of access to safe water and sanitation through the creation of innovative financing mechanisms such as national revolving funds, and by strengthening the capacity of recipient governments and communities to formulate and implement policies that expand access to safe water and sanitation in a sustainable fashion, including integrated planning;
(7) to secure the greatest amount of resources possible, encourage private investment in water and sanitation infrastructure and services, particularly in lower middle-income countries, without creating unsustainable debt for low-income countries or unaffordable water and sanitation costs for the very poor; and
(8) to promote the capacity of recipient governments to provide affordable, e
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2152h
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) In General.—** Foreign credits (including currencies) owed to or owned by the United States may be used by any agency for any purpose for which appropriations are made for the agency for the current fiscal year (including the carrying out of Acts requiring or authorizing the use of such credits), but only when reimbursement therefor is made to the Treasury from applicable appropriations of the agency.
**(b) Exception to Reimbursement Requirement.—** Credits described in subsection (a) that are received as exchanged allowances, or as the proceeds of the sale of personal property, may be used in whole or partial payment for the acquisition of similar items, to the extent and in the manner authorized by law, without reimbursement to the Treasury.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 1306
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Findings** Congress finds the following:
(1) There are more than 143,000,000 orphans living 11 So in original. Probably should be “living in”. sub-Saharan Africa, Asia, Latin America, and the Caribbean. Of this number, approximately 16,200,000 children have lost both parents.
(2) The HIV/AIDS pandemic has created an unprecedented orphan crisis, especially in sub-Saharan Africa, where children have been hardest hit. The pandemic is deepening poverty in entire communities, and is jeopardizing the health, safety, and survival of all children in affected countries. It is estimated that 14,000,000 children have lost one or both parents to AIDS.
(3) The orphans crisis in sub-Saharan Africa has implications for human welfare, development, and political stability that extend far beyond the region, affecting governments and people worldwide.
(4) Extended families and local communities are struggling to meet the basic needs of orphans and vulnerable children by providing food, health care including treatment of children living with HIV/AIDS, education expenses, and clothing.
(5) Famines, natural disasters, chronic poverty, ongoing conflicts, and civil wars in developing countries are adversely affecting children in these countries, the vast majority of whom currently do not receive humanitarian assistance or other support from the United States.
(6) The United States Government administers various assistance programs for orphans and other vulnerable children in developing countries. In order to improve targeting and programming of resources, the United States Agency for International Development should develop methods to adequately track the overall number of orphans and other vulnerable children receiving assistance, the kinds of programs for such children by sector
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2152f
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
(a) United States development cooperation policy
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2151
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Use of foreign currencies and credits** It is the sense of Congress that the President should use his authority under the Constitution and laws of the United States to accomplish the purposes of [section 2101 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2101&num=0&edition=prelim) and in accomplishing such purposes (1) use to the fullest extent practicable foreign currencies or credits available for utilization by the United States, (2) enter into agreements to use foreign currencies and credits available to other nations for use with the agreement of the United States, and (3) use any other foreign currencies and credits which may be made available by participating foreign countries.
**(b) Disease and health deficiency investigations, experiments, and studies; rehabilitation** To carry out the purposes of [section 2101 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2101&num=0&edition=prelim) the President, in cooperation with participating foreign countries, is authorized to encourage, support, and promote the planning and conduct of, and training for, research investigations, experiments, and studies in the United States and in participating foreign countries relating to the causes, diagnosis, treatment, control, and prevention of diseases and impairments of mankind (including nutritional and other health deficiencies) or to the rehabilitation of the handicapped.
**(c) Fellowships; equipment; technical assistance; interchange of scientists and experts; compensation and travel expenses; health science programs and projects; meetings and conferences; scientific publications** To carry out his responsibilities under this chapter the President may—
(1) establish and maintain
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 2103
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
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
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 8701
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
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. § 1704b
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.