Transfer of bartered materials to supplemental stockpile; limitation of acquisition to certain programs; authorization of appropriations

7 U.S.C. § 1856
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(a) Strategic and other materials acquired by the Commodity Credit Corporation as a result of barter or exchange of agricultural commodities or products, unless acquired for the national stockpile established pursuant to the Strategic and Critical Materials Stock Piling Act [50 U.S.C. 98 et seq.], or for other purposes shall be transferred to the supplemental stockpile established by section 1704(b) 11 See References in Text note below. of this title; but no strategic or critical material shall be acquired by the Commodity Credit Corporation as a result of such barter or exchange except for such national stockpile, for such supplemental stockpile, for foreign economic or military aid or assistance programs, or for offshore construction programs, or to meet requirements of Government agencies. (b) Repealed. Pub. L. 87–456, title III, § 303(c), May 24, 1962, 76 Stat. 78. (c) In order to reimburse the Commodity Credit Corporation for materials transferred to the supplemental stockpile there are hereby authorized to be appropriated amounts equal to the value of any materials so transferred. The value of any such material for the purpose of this subsection, shall be the lower of the domestic market price or the Commodity Credit Corporation’s investment therein as of the date of such transfer as determined by the Secretary of Agriculture.

Starting a business? Corpus forms LLCs in all 50 states and DC.