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7 U.S.C. § 1704b — Repealed. Pub. L. 97–214, § 7(4), July 12,

Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1704b — Repealed. Pub. L. 97–214, § 7(4), July 12,

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 Repealed.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.

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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. L. 97–214, § 7(4), July 12, 1982, 96 Stat. 173 Section, Pub. L. 86–149, title IV, § 420, Aug. 10, 1959, 73 Stat. 324, related to utilization of foreign currencies for construction of military projects and reimbursement of Commodity Credit Corporation. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF REPEAL Repeal effective Oct. 1, 1982, and applicable to mili- tary construction projects, and to construction and ac- quisition of military family housing before, on, or after such date, see section 12(a) of Pub. L. 97–214, set out as an Effective Date note under section 2801 of Title 10, Armed Forces. § 1704c. Payments by Secretary of Defense in liq- uidation of amount due for foreign cur- rencies 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 con- structed or acquired under title II of the Food for Peace Act (7 U.S.C. 1721–1726) has been liq- uidated. (Pub. L. 97–214, § 9(a), July 12, 1982, 96 Stat. 174; Pub. L. 110–246, title III, § 3001(b)(1)(A), (2)(C), June 18, 2008, 122 Stat. 1820.) Editorial Notes REFERENCES IN TEXT The Food for Peace Act (7 U.S.C. 1721–1726), referred to in text, is act July 10, 1954, ch. 469, 68 Stat. 457. Title II of the Act is classified generally to subchapter III (§ 1721 et seq.) of chapter 41 of this title. For complete classification of this Act to the Code, see Short Title note set out under section 1691 of this title and Tables. CODIFICATION Section consists of section 9(a) of Pub. L. 97–214. Sec- tion 9(b) of Pub. L. 97–214 is classified as a note set out under section 1594k of Title 42, The Public Health and Welfare. Section was enacted as part of the Military Construc- tion Codification Act, and not as part of the Food for Peace Act which comprises this chapter. AMENDMENTS 2008—Pub. L. 110–246 substituted ‘‘Food for Peace Act’’ for ‘‘Agricultural Trade Development and Assist- ance Act of 1954’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2008 AMENDMENT Amendment by Pub. L. 110–246 effective May 22, 2008, see section 4(b) of Pub. L. 110–246, set out as an Effec- tive Date note under section 8701 of this title. EFFECTIVE DATE Section effective Oct. 1, 1982, and applicable to mili- tary construction projects, and to construction and ac- quisition of military family housing before, on or after such date, see section 12(a) of Pub. L. 97–214, set out as a note under section 2801 of Title 10, Armed Forces. §§ 1705, 1706. Repealed. Pub. L. 104–127, title II, §§ 206, 265(a), Apr. 4, 1996, 110 Stat. 953, 974 Section 1705, acts July 10, 1954, ch. 469, title I, § 105, 68 Stat. 457; Dec. 16, 1963, Pub. L. 88–205, pt. IV, § 403(b), 77 Stat. 390; Nov. 11, 1966, Pub. L. 89–808, § 2(B), 80 Stat. 1532; Dec. 23, 1985, Pub. L. 99–198, title XI, § 1111(e), 99 Stat. 1475; Nov. 28, 1990, Pub. L. 101–624, title XV, § 1512, 104 Stat. 3636, set out congressional declaration of pol- icy with regard to value-added foods. Section 1706, Pub. L. 101–624, title XV, § 1517, Nov. 28, 1990, 104 Stat. 3664, related to debt-for-health-and-pro- tection swap. A prior section 1706, acts July 10, 1954, ch. 469, title I, § 106, 68 Stat. 457; Aug. 12, 1955, ch. 873, § 2, 69 Stat. 721; Aug. 8, 1961, Pub. L. 87–128, title II, § 201(4), 75 Stat. 307; Dec. 16, 1963, Pub. L. 88–205, pt. IV, § 403 (c)(1), 77 Stat. 390; Nov. 11, 1966, Pub. L. 89–808, § 2(B), 80 Stat. 1532; Dec. 20, 1975, Pub. L. 94–161, title II, § 205, 89 Stat. 852; Aug. 3, 1977, Pub. L. 95–88, title II, § 211(b)(2), 91 Stat. 551; Oct. 6, 1978, Pub. L. 95–424, title I, § 102(b)(2)(C), 92 Stat. 941; Dec. 29, 1981, Pub. L. 97–113, title IV, § 401(6), 95 Stat. 1537; Dec. 23, 1985, Pub. L. 99–198, title XI, § 1111(f), (g), 99 Stat. 1475, related to payments for com- modities and use of proceeds prior to the general revi- sion of this chapter by Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990, 104 Stat. 3633. § 1707. Omitted Editorial Notes CODIFICATION Section, acts July 10, 1954, ch. 469, title I, § 107, 68 Stat. 457; Oct. 8, 1964, Pub. L. 88–638, § 1(11), 78 Stat. 1036;

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1704b — Use of local currency payment

**(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

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1721 — Omitted

### 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”.

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1721 — General authority

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,

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