7-U.S.C.-5641
§5641 – Funding Levels
Pathway
Title 7 > Chapter 87 > Subchapter II > Part B > Section 5641
Details
- Reference: Section 5641
- Legend: §5641 – Funding Levels
- USCode Year: 2013
Provision Content
(a) Direct credit programs
The Commodity Credit Corporation may make available for each fiscal year such funds of the Commodity Credit Corporation as it determines necessary to carry out any direct credit program established under section 5621 of this title.
(b) Export credit guarantee programs
The Commodity Credit Corporation shall make available for each of fiscal years 1996 through 2012 credit guarantees under section 5622(a) of this title in an amount equal to but not more than the lesser of—
(1) $5,500,000,000 in credit guarantees; or
(2) the sum of—
(A) the amount of credit guarantees that the Commodity Credit Corporation can make available using budget authority of $40,000,000 for each fiscal year for the costs of the credit guarantees; and
(B) the amount of credit guarantees that the Commodity Credit Corporation can make available using unobligated budget authority for prior fiscal years.
(c) Market access programs
(1) In general
The Commodity Credit Corporation or the Secretary shall make available for market access activities authorized to be carried out by the Commodity Credit Corporation under section 5623 of this title—
(A) in addition to any funds that may be specifically appropriated to implement a market access program, not more than $90,000,000 for fiscal year 2001, $100,000,000 for fiscal year 2002, $110,000,000 for fiscal year 2003, $125,000,000 for fiscal year 2004, $140,000,000 for fiscal year 2005, and $200,000,000 for each of fiscal years 2008 through 2012, of the funds of, or an equal value of commodities owned by, the Commodity Credit Corporation; and
(B) any funds that may be specifically appropriated to carry out a market access program under section 5623 of this title.
(2) Program priorities
In providing any amount of funds made available under paragraph (1)(A) for any fiscal year that is in excess of the amount made available under paragraph (1)(A) for fiscal year 2001, the Secretary shall, to the maximum extent practicable—
(A) give equal consideration to—
(i) proposals submitted by organizations that were participating organizations in prior fiscal years; and
(ii) proposals submitted by eligible trade organizations that have not previously participated in the program established under this subchapter; and
(B) give equal consideration to—
(i) proposals submitted for activities in emerging markets; and
(ii) proposals submitted for activities in markets other than emerging markets.
(Pub. L. 95–501, title II, §211, as added Pub. L. 101–624, title XV, §1531, Nov. 28, 1990, 104 Stat. 3677; amended Pub. L. 103–66, title I, §1302(a), Aug. 10, 1993, 107 Stat. 330; Pub. L. 104–127, title II, §§243(b), 244(a)(2)(B), (c), Apr. 4, 1996, 110 Stat. 967, 968; Pub. L. 107–171, title III, §§3102(d), 3103, May 13, 2002, 116 Stat. 289; Pub. L. 110–246, title III, §§3101(b), 3102(b), June 18, 2008, 122 Stat. 1831, 1832.)
Amendments
2008—Subsec. (b). Pub. L. 110–246, §3101(b), added subsec. (b) and struck out former subsec. (b) which related to amount available for export credit guarantees for each of fiscal years 1996 through 2007 and limitation on amount of any origination fee.
Subsec. (c)(1)(A). Pub. L. 110–246, §3102(b), substituted 2008 through 2012” for 2006 and 2007”.
2002—Subsec. (b)(1). Pub. L. 107–171, §3102(d), substituted 2007” for 2002”.
Subsec. (c). Pub. L. 107–171, §3103, designated existing provisions as par. (1), inserted heading, redesignated former pars. (1) and (2) as subpars. (A) and (B), respectively, of par. (1), added subpar. (A) and struck out former subpar. (A) relating to funds available for market access activities authorized to be carried out by the Commodity Credit Corporation for fiscal years 1991 through 2002, and added par. (2).
1996—Subsec. (b). Pub. L. 104–127, §243(b), added subsec. (b) and struck out former subsec. (b) which authorized short and intermediate term export credit guarantees for each of fiscal years 1991 through 1995 and further provided for limitation on origination fees for short-term guarantees.
Subsec. (c). Pub. L. 104–127, §244(a)(2)(B)(i), (ii), substituted Market access programs” for Marketing promotion programs” in heading and market access activities” for market promotion activities” in introductory provisions.
Subsec. (c)(1). Pub. L. 104–127, §244(c), struck out and” after 1993,” and substituted through 1995, and not more than $90,000,000 for each of fiscal years 1996 through 2002,” for through 1997,”.
Pub. L. 104–127, §244(a)(2)(B)(iii), substituted market access program” for market development program”.
Subsec. (c)(2). Pub. L. 104–127, §244(a)(2)(B)(iv), substituted market access program” for marketing promotion program”.
1993—Subsec. (c)(1). Pub. L. 103–66 substituted through 1993, and not less than $110,000,000 for each of the fiscal years 1994 through 1997,” for through 1995”.
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 Effective Date note under section 8701 of this title.
Effective Date of 1996 Amendment
Pub. L. 104–127, title II, §244(c), Apr. 4, 1996, 110 Stat. 968, provided that the amendment made by section 244(c) is effective Oct. 1, 1995.
U.S. Encyclopedia of Law Coverage
7-U.S.C.-5605 in the Legal Encyclopedia: Agriculture
In this entry about 7-U.S.C.-5605, find legal reference material, bibliographies and premiere content related to agriculture in the American Encyclopedia of Law, presenting a comprehensive view of the United States agriculture-specific issues, written by authorities in the field.
7-U.S.C.-5622 in the Legal Encyclopedia: Exports
In this entry about 7-U.S.C.-5622, find legal reference material, bibliographies and premiere content related to exports in the American Encyclopedia of Law, presenting a comprehensive view of the United States exports-specific issues, written by authorities in the field.
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