Pub. L. 100-202, subtit. E, sec. 14

USES OF FOREIGN CURRENCIES.

EnactedYear: 1987Length: 123 wordsOfficial source
SEC. 14. USES OF FOREIGN CURRENCIES. Section 207 of the Agricultural Trade Development and Assistance Act of 1954 (7 U.S.C. 1726a) is amended— (1) in subsection (a), by inserting “or cooperative” after “agency”; (2) in subsection (b), by striking out “5 percent” and inserting in lieu thereof “10 percent”; and (3) by adding at the end the following: “(c) Foreign currencies generated from any partial or full sales or barter of commodities by a nonprofit voluntary agency or cooperative shall be used— “(1) to transport, store, distribute, and otherwise enhance the effectiveness of the use of commodities and the products thereof donated under this title; and “(2) to implement income generating, community development, health, nutrition, cooperative development, agricultural programs, and other developmental activities.”.
Pub. L. 100-202, subtit. E, sec. 14: USES OF FOREIGN CURRENCIES. | Justis AI