46-U.S.C.-55312

46-U.S.C.-55312

§55312 – Determining Prevailing World Market Price

Pathway

Title 46 > Subtitle V > Part D > Chapter 553 > Subchapter II > Section 55312

Details

  • Reference: Section 55312
  • Legend: §55312 – Determining Prevailing World Market Price
  • USCode Year: 2013

Provision Content

(a) Agricultural Commodities and Products.—The prevailing world market price for agricultural commodities or their products shall be determined under this subchapter under procedures prescribed by the Secretary of Agriculture. The Secretary shall prescribe the procedures by regulation, with notice and opportunity for public comment under section 553 of title 5.

(b) Services and Non-Agricultural Commodities and Products.—If a determination of the prevailing world market price of any other type of materials, goods, equipment, or service is required to determine whether a barter or exchange transaction is subject to section 55314(b)(6) or (7) of this title, the determination shall be made by the Secretary of Agriculture in consultation with the heads of other appropriate agencies.

(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1644.)

Historical and Revision Notes
Revised
Section
Source (U.S. Code) Source (Statutes at Large)
55312 46 App.:1241f(e). June 29, 1936, ch. 858, title IX, §901b(e), as added Pub. L. 99–198, title XI, §1142, Dec. 23, 1985, 99 Stat. 1492.

U.S. Encyclopedia of Law Coverage

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