Collapse to view only § 1704b. Repealed.
- § 1701. Economic assistance and food security
- § 1702. Agreements regarding eligible countries and private entities
- § 1703. Terms and conditions of sales
- § 1704. Use of local currency payment
- § 1704a. Agreements for use of foreign currencies; reports to Congress
- § 1704b. Repealed.
- § 1704c. Payments by Secretary of Defense in liquidation of amount due for foreign currencies
- §§ 1705, 1706. Repealed.
- § 1707. Omitted
- § 1707a. Repealed.
- §§ 1707b to 1707d. Omitted
- §§ 1708 to 1715. Omitted
§ 1701. Economic assistance and food security
(a) In general
(b) General authority
(July 10, 1954, ch. 469, title I, § 101, 68 Stat. 455; Pub. L. 85–931, § 1, Sept. 6, 1958, 72 Stat. 1790; Pub. L. 87–128, title II, § 201(1), Aug. 8, 1961, 75 Stat. 306; Pub. L. 88–205, pt. IV, § 403(a), Dec. 16, 1963, 77 Stat. 390; Pub. L. 88–638, § 1(1), (2), Oct. 8, 1964, 78 Stat. 1035; Pub. L. 89–808, § 2(B), Nov. 11, 1966, 80 Stat. 1526; Pub. L. 97–113, title IV, § 401(1), Dec. 29, 1981, 95 Stat. 1537; Pub. L. 99–198, title XI, § 1111(c), Dec. 23, 1985, 99 Stat. 1474; Pub. L. 100–202, § 8, Dec. 22, 1987, 101 Stat. 1329–447; Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990, 104 Stat. 3633; Pub. L. 104–127, title II, § 202, Apr. 4, 1996, 110 Stat. 951; Pub. L. 110–246, title III, § 3004(b), June 18, 2008, 122 Stat. 1822.)
§ 1702. Agreements regarding eligible countries and private entities
(a) Priority
In selecting agreements to be entered into under this subchapter, the Secretary shall give priority to agreements providing for the export of agricultural commodities to developing countries that—
(1) are undertaking measures for economic development purposes to improve food security and agricultural development, alleviate poverty, and promote broad-based equitable and sustainable development; and
(2) demonstrate the greatest need for food.
(b) Private entities
(July 10, 1954, ch. 469, title I, § 102, 68 Stat. 455; Apr. 25, 1955, ch. 27, 69 Stat. 44; Pub. L. 88–638, § 1(3), Oct. 8, 1964, 78 Stat. 1035; Pub. L. 89–808, § 2(B), Nov. 11, 1966, 80 Stat. 1526; Pub. L. 90–436, § 9, July 29, 1968, 82 Stat. 451; Pub. L. 95–88, title II, § 201(a), Aug. 3, 1977, 91 Stat. 545; Pub. L. 95–113, title XII, § 1201, Sept. 29, 1977, 91 Stat. 955; Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990, 104 Stat. 3634; Pub. L. 104–127, title II, § 203, Apr. 4, 1996, 110 Stat. 951; Pub. L. 110–246, title III, § 3005, June 18, 2008, 122 Stat. 1822.)
§ 1703. Terms and conditions of sales
(a) Payment
(1) Dollars
(2) Local currencies
(A) In general
(B) Rates of exchange
(b) Interest
(c) Duration
(d) Deferral of payments
(e) Delivery of commodities
(July 10, 1954, ch. 469, title I, § 103, 68 Stat. 456; Aug. 12, 1955, ch. 873, § 1, 69 Stat. 721; May 28, 1956, ch. 327, title II, § 208(a), 70 Stat. 201; Aug. 3, 1956, ch. 933, § 1, 70 Stat. 988; Pub. L. 85–128, § 1(2), Aug. 13, 1957, 71 Stat. 345; Pub. L. 85–931, § 2, Sept. 6, 1958, 72 Stat. 1790; Pub. L. 86–341, title I, § 2, Sept. 21, 1959, 73 Stat. 606; Pub. L. 87–28, May 4, 1961, 75 Stat. 64; Pub. L. 87–128, title II, § 201(2), Aug. 8, 1961, 75 Stat. 306; Pub. L. 88–638, § 1(4), (5), Oct. 8, 1964, 78 Stat. 1035; Pub. L. 89–808, § 2(B), Nov. 11, 1966, 80 Stat. 1526; Pub. L. 90–436, §§ 4, 5, July 29, 1968, 82 Stat. 450; Pub. L. 91–524, title VII, § 703, Nov. 30, 1970, as added Pub. L. 93–86, § 1(26), Aug. 10, 1973, 87 Stat. 237; Pub. L. 93–125, § 1(e), Oct. 18, 1973, 87 Stat. 450; Pub. L. 94–161, title II, § 203, Dec. 20, 1975, 89 Stat. 851; Pub. L. 95–88, title II, §§ 201(b), 211(b)(1), Aug. 3, 1977, 91 Stat. 545, 551; Pub. L. 95–424, title I, § 102(b)(2)(B), Oct. 6, 1978, 92 Stat. 941; Pub. L. 96–53, title II, § 201, Aug. 14, 1979, 93 Stat. 368; Pub. L. 97–113, title IV, § 401(2)–(4), Dec. 29, 1981, 95 Stat. 1537; Pub. L. 99–198, title XI, § 1111(d), Dec. 23, 1985, 99 Stat. 1475; Pub. L. 100–202, § 9, Dec. 22, 1987, 101 Stat. 1329–448; Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990, 104 Stat. 3634; Pub. L. 104–127, title II, § 204, Apr. 4, 1996, 110 Stat. 953.)
§ 1704. Use of local currency payment
(a) In general
(b) Special account
(c) Activities
The proceeds from the payments referred to in subsection (a) may be used in the appropriate developing country, through agreements with recipient governments, private voluntary organizations, and cooperatives, for the following:
(1) Agricultural development
To support—
(A) increased agricultural production, including availability of agricultural inputs, with emphasis on small farms, processing of agricultural commodities, forestry management, and land and water management;
(B) credit policies for private-sector agriculture development;
(C) establishment and expansion of institutions for basic and applied agricultural research and the use of such research through development of extension services;
(D) programs to control rodents, insects, weeds, and other animal or plant pests; and
(E) the improvement of the trade capacity of the recipient country.
(2) Agricultural business development loans
(3) Agricultural facilities loans
(4) Trade promotion
(5) Private sector agricultural trade development
(6) Research
(7) United States obligations
(8) Safe water and sanitation
(d) Fiscal requirements regarding use of local currencies
(1) Exemption
(2) Use of currencies by other agencies
(July 10, 1954, ch. 469, title I, § 104, 68 Stat. 456; Aug. 26, 1954, ch. 937, title V, § 544(h), (i), as added July 18, 1956, ch. 627, § 11(a), 70 Stat. 564, 565; amended Aug. 3, 1956, ch. 933, § 2, 70 Stat. 988; Pub. L. 85–128, § 1(4), Aug. 13, 1957, 71 Stat. 345; Aug. 26, 1954, ch. 937, title V, § 544(c), as added Pub. L. 85–141, § 11(b)(2), Aug. 14, 1957, 71 Stat. 365; Pub. L. 85–477, ch. V, § 502(l), June 30, 1958, 72 Stat. 275; Pub. L. 85–931, § 3, Sept. 6, 1958, 72 Stat. 1790; Pub. L. 86–108, ch. VII, § 701(d), July 24, 1959, 73 Stat. 258; Pub. L. 86–341, title I, §§ 4–9, Sept. 21, 1959, 73 Stat. 606, 607; Pub. L. 87–128, title II, § 201(3), Aug. 8, 1961, 75 Stat. 306; Pub. L. 87–195, pt. III, § 612(b), pt. IV, § 704, Sept. 4, 1961, 75 Stat. 443, 463; Pub. L. 87–839, § 2, Oct. 18, 1962, 76 Stat. 1074; Pub. L. 88–205, pt. III, § 301(d)(2), Dec. 16, 1963, 77 Stat. 386; Pub. L. 88–638, §§ 1(6)–(10), 2, Oct. 8, 1964,
§ 1704a. Agreements for use of foreign currencies; reports to Congress
Within sixty days after any agreement is entered into for the use of any foreign currencies, a full report thereon shall be made to the Senate and the House of Representatives of the United States and to the Committees on Agriculture and Appropriations thereof.
(Pub. L. 85–128, § 1(5), Aug. 13, 1957, 71 Stat. 345.)
§ 1704b. Repealed. Pub. L. 97–214, § 7(4), July 12, 1982, 96 Stat. 173
§ 1704c. Payments by Secretary of Defense in liquidation of amount due for foreign currencies
The Secretary of Defense shall pay to the Commodity Credit Corporation an amount not to exceed $6,000,000 per year until the amount due for foreign currencies used for housing constructed or acquired under title II of the Food for Peace Act (7 U.S.C. 1721–1726) has been liquidated.
(Pub. L. 97–214, § 9(a), July 12, 1982, 96 Stat. 174; Pub. L. 110–246, title III, § 3001(b)(1)(A), (2)(C), June 18, 2008, 122 Stat. 1820.)
§§ 1705, 1706. Repealed. Pub. L. 104–127, title II, §§ 206, 265(a), Apr. 4, 1996, 110 Stat. 953, 974
§ 1707. Omitted
§ 1707a. Repealed. Pub. L. 101–624, title XV, § 1574, Nov. 28, 1990, 104 Stat. 3702
§§ 1707b to 1707d. Omitted
§§ 1708 to 1715. Omitted