2012 US Code
Title 46 - Shipping
Subtitle V - Merchant Marine (§§ 50101 - 58109)
Part D - Promotional Programs (§§ 55101 - 55605)
Chapter 553 - PASSENGER AND CARGO PREFERENCES (§§ 55301 - 55336)
Subchapter II - EXPORT TRANSPORTATION OF AGRICULTURAL COMMODITIES (§§ 55311 - 55318)
Section 55316 - Financing the transportation of agricultural commodities
Publication Title | United States Code, 2012 Edition, Title 46 - SHIPPING |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 46 - SHIPPING Subtitle V - Merchant Marine Part D - Promotional Programs CHAPTER 553 - PASSENGER AND CARGO PREFERENCES SUBCHAPTER II - EXPORT TRANSPORTATION OF AGRICULTURAL COMMODITIES Sec. 55316 - Financing the transportation of agricultural commodities |
Contains | section 55316 |
Date | 2012 |
Laws in Effect as of Date | January 15, 2013 |
Positive Law | Yes |
Disposition | standard |
Source Credit | Pub. L. 109-304, §8(c), Oct. 6, 2006, 120 Stat. 1647; Pub. L. 110-246, title III, §3001(b)(1)(A), (2)(Y), June 18, 2008, 122 Stat. 1820, 1821; Pub. L. 112-141, div. F, title I, §100124(b), (c)(2), July 6, 2012, 126 Stat. 915. |
Statutes at Large References | 99 Stat. 1493 101 Stat. 1329 120 Stat. 1647 122 Stat. 1820 126 Stat. 915 |
Public Law References | Public Law 99-198, Public Law 100-202, Public Law 109-304, Public Law 110-246, Public Law 112-141 |
Download PDF
[(a) Repealed. Pub. L. 112–141, div. F, title I, §100124(b), July 6, 2012, 126 Stat. 915.]
(b)
(1)
(A) the total cost of ocean freight and ocean freight differential for which obligations are incurred by the Secretary of Agriculture and the Corporation on exports of agricultural commodities and their products under the agricultural export programs specified in section 55314(b) of this title; exceeds
(B) 20 percent of the value of the commodities and their products and the cost of the ocean freight and ocean freight differential on which obligations are incurred by the Secretary of Agriculture and the Corporation during that fiscal year.
(2)
(c)
(1)
(2)
(d)
(e)
(1)
(2)
(f)
(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1647; Pub. L. 110–246, title III, §3001(b)(1)(A), (2)(Y), June 18, 2008, 122 Stat. 1820, 1821; Pub. L. 112–141, div. F, title I, §100124(b), (c)(2), July 6, 2012, 126 Stat. 915.)
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
55316(a) | 46 App.:1241h(a). | June 29, 1936, ch. 858, title IX, §901d, as added Pub. L. 99–198, title XI, §1142, Dec. 23, 1985, 99 Stat. 1493. |
55316(b) | 46 App.:1241h(b). | |
55316(c) | 46 App.:1241h(c). | |
55316(d) | 46 App.:1241h(d) (last sentence). | |
55316(e)(1) | 46 App.:1241h(d) (1st sentence). | |
55316(e)(2) | 46 App.:1241h note. | Pub. L. 100–202, 101(a) [title V (par. under heading “Ocean Freight Differential”)], Dec. 22, 1987, 101 Stat. 1329, 1329–27. |
55316(f) | 46 App.:1241h(e). |
In subsection (b)(2), the words “section 412(d) of the Agricultural Trade Development and Assistance Act of 1954 (7 U.S.C. 1736f(d))” are substituted for “section 1733(b) of title 7” because the latter provision, as amended in 1990, no longer contains provisions on valuation of commodities shipped from the inventory of the Commodity Credit Corporation, and a provision substantially the same as former 7 U.S.C. 1733(b) is now at 7 U.S.C. 1736f(e).
In subsection (c)(1), the words “considering the current average market yield on outstanding marketable obligations of the United States Government of comparable maturities during the month before the obligations are issued” are substituted for “taking into consideration the average market yield on outstanding marketable obligations of the United States with remaining periods of maturity comparable to the average maturities of such obligations during the month preceding the issuance of such obligations of the Secretary of Transportation” to eliminate unnecessary words.
In subsection (c)(2), the words “after December 23, 1985” are omitted as obsolete.
In subsection (e)(1), the words “commencing with the fiscal year beginning October 1, 1986” are omitted as obsolete.
In subsection (f), the words “Notwithstanding the provisions of this section” are omitted as unnecessary.
Amendments2012—Subsec. (a). Pub. L. 112–141, §100124(b), struck out subsec. (a). Text read as follows: “The Secretary of Transportation shall finance any increased ocean freight charges incurred in any fiscal year that result from the application of section 55314 of this title.”
Subsec. (c)(1). Pub. L. 112–141, §100124(c)(2)(A), substituted “under subsection (b)” for “under subsections (a) and (b)”.
Subsec. (f). Pub. L. 112–141, §100124(c)(2)(B), substituted “subsection (b)” for “subsections (a) and (b) and section 55314(a) of this title”.
2008—Subsec. (b)(2). Pub. L. 110–246 substituted “Food for Peace Act” for “Agricultural Trade Development and Assistance Act of 1954”.
Effective Date of 2008 AmendmentAmendment by Pub. L. 110–246 effective May 22, 2008, see section 4(b) of Pub. L. 110–246, set out as an Effective Date note under section 8701 of Title 7, Agriculture.
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.