PART 17 - SALES OF AGRICULTURAL COMMODITIES MADE AVAILABLE UNDER TITLE I OF THE AGRICULTURAL TRADE DEVELOPMENT AND ASSISTANCE ACT OF 1954, AS AMENDED
Regulations Governing the Financing of Commercial Sales of Agricultural Commodities
This rule amends regulations applicable to the financing of the sale and exportation of agricultural commodities pursuant to title I of the Agricultural Trade Development and Assistance Act of 1954, as amended ("Pub. L. 480").
The amendment simplifies the purchasing procedures and shortens the regulations. The purpose of these changes is to keep the costs of the Pub. L. 480, title I program as low as possible, to reflect the provisions of the Federal Agricultural Improvement and Reform Act of 1996, and to reduce the public reporting burden.
Executive Order 12752 of February 25, 1991, establishes a program under title I of Pub. L. 480 to be implemented by the Secretary of Agriculture. In accordance with section 406(c) of Pub. L. 480, the funds, facilities, and authorities of the Commodity Credit Corporation are used to carry out this program.
Definition of terms.
Agents of the participant or importer.
Contracts between commodity suppliers and importers.
Discounts, fees, commissions and payments.
Notice of sale procedures.
CCC payment to suppliers.
Refunds and insurance.
Recordkeeping and access to records.
Authority: 7 U.S.C. 1701-1704, 1731-1736b, 1736f, 5676; E.O. 12220, 45 FR 44245.
The information provided using this WEB Server is only intended to be General Summary Information to the Public. It is not intended to take the place of either the written law or regulations. For an authoritative source, all FAS regulations are published in the Federal Register, copies of which can be obtained from the Government Printing Office, and can be seen at any local Federal Depository Library. To order copies, call the GPO at (202) 512-1803. The Federal Register is also available on the Internet at the U.S. Government Printing Office Home Page.