§ 713a-7. — Exchange of surplus agricultural commodities for reserve stocks of strategic materials.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC713a-7]
TITLE 15--COMMERCE AND TRADE
CHAPTER 15--ECONOMIC RECOVERY
SUBCHAPTER I--GENERALLY
Sec. 713a-7. Exchange of surplus agricultural commodities for
reserve stocks of strategic materials
Notwithstanding any other provision of law, whenever the President,
by and with the advice and consent of the Senate, has concluded a treaty
involving the exchange of surplus agricultural commodities produced in
the United States which are held under loans made or made available by
the Commodity Credit Corporation for stocks of strategic and critical
materials produced abroad, the Commodity Credit Corporation is
authorized, upon terms and conditions prescribed by the Secretary of
Agriculture, to accept such strategic and critical materials in exchange
for such surplus agricultural commodities; and for the purpose of such
exchange the Secretary of the Army, the Secretary of the Navy, and the
Secretary of the Interior acting jointly through the agency of the
Munitions Board shall determine which materials are strategic and
critical and the quantity and quality of such materials. In order to
carry out the provisions of this section, the Commodity Credit
Corporation is authorized, upon terms and conditions prescribed by the
Secretary of Agriculture, to procure, convey, transport, handle, store,
maintain, or rotate such surplus agricultural commodities, and such
reserve stocks of strategic and critical materials, as may be necessary
to accomplish the purposes of this section.
The Commodity Credit Corporation is authorized and directed to
transfer to warehouses in or near cotton manufacturing centers in New
England not to exceed three hundred thousand bales of cotton, to which
it now has title or may hereafter acquire title, having regard for the
grades and staples customarily required by manufacturers in that area:
Provided, That all necessary costs in connection with such transfer will
not result in additional net cost to the Corporation.
In determining specific cotton to be exchanged under this section,
the determination shall be made by sampling and selection at the place
where the cotton is stored on the date of ratification of a treaty
providing for such exchange, and no cotton shall be exchanged under such
treaty which, after such date, is transported to another place and there
sampled and selected. Such reserve stocks of strategic and critical
materials shall be stored on military or naval reservations or in other
locations approved by the Secretary of the Army and the Secretary of the
Navy. The Commodity Credit Corporation is authorized to transfer such
reserve stocks of strategic and critical materials, upon such terms and
conditions as the Secretary of Agriculture shall approve, to any other
governmental agency. Such reserve stocks or strategic and critical
materials shall be made available or disposed of by the Commodity Credit
Corporation or other governmental agency only upon order of the
President in accordance with the terms of the applicable treaty; when
necessary to prevent deterioration, the Commodity Credit Corporation or
other governmental agency is authorized to replace those quantities of
the reserve stocks of such strategic and critical materials subject to
deterioration with equivalent quantities of the same materials. The
funds now or hereafter made available to the Commodity Credit
Corporation are made available to carry out the purposes of this
section. There is authorized to be appropriated such additional sums as
may be required to carry out the provisions of this section. All funds
for carrying out the provisions of this section shall be available for
allotment to bureaus and offices of the Department of Agriculture, and
for transfer to such other agencies of the Federal Government as the
Secretary of Agriculture may request to cooperate or assist in carrying
out the provisions of this section.
(Aug. 11, 1939, ch. 690, 53 Stat. 1407; July 26, 1947, ch. 343, title
II, Sec. 205(a), 61 Stat. 501.)
Codification
The Department of War was designated the Department of the Army and
the title of the Secretary of War was changed to Secretary of the Army
by section 205(a) of act July 26, 1947, ch. 343, title II, 61 Stat. 501.
Section 205(a) of act July 26, 1947, was repealed by section 53 of act
Aug. 10, 1956, ch. 1041, 70A Stat. 641. Section 1 of act Aug. 10, 1956,
enacted ``Title 10, Armed Forces'' which in sections 3011 to 3013
continued the military Department of the Army under the administrative
supervision of a Secretary of the Army.
Transfer of Functions
Munitions Board abolished by section 2 of Reorg. Plan No. 6 of 1953,
18 F.R. 3743, 67 Stat. 638, set out in the Appendix to Title 5,
Government Organization and Employees, and functions of Munitions Board
transferred to Secretary of Defense by section 1 of Reorg. Plan No. 6 of
1953.
Army and Navy Munitions Board ceased to exist when Chairman of Board
of Munitions took office and records and personnel of Army and Navy
Munitions Board were transferred to Munitions Board by act July 26,
1947, ch. 343, title II, Sec. 213, 61 Stat. 505.
Exceptions From Transfer of Functions
For exception of functions of corporations of Department of
Agriculture from transfer of functions to Secretary of Agriculture by
Reorg. Plan No. 2 of 1953, see Exceptions From Transfer of Functions
note set out under section 712a of this title.
