ADJUSTMENTS IN DAIRY PRICE SUPPORT PROGRAM.

SEC. 1007. ADJUSTMENTS IN DAIRY PRICE SUPPORT PROGRAM. Effective only for calendar year 1990, section 201(d)(1) of the Agricultural Act of 1949 (7 U.S.C. 1446(d)(1)) is amended— (1) in subparagraph (C)— (A) in clause (ii), by inserting after “Except as provided in” the following: “clause (iii) and”; and (B) by adding at the end the following new clause: “(iii) In carrying out this paragraph during calendar year 1990, the Secretary shall offer to purchase butter for not more than $1.10 per pound, except that the Secretary may allocate the rate of price support between the purchase prices for nonfat dry milk and butter in such other manner as the Secretary determines will result in the lowest level of expenditures by the Commodity Credit Corporation and shall notify the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate of such determination.”; and (2) in subparagraph (D)(i)— (A) by striking “each of the calendar years 1988 and 1990” and inserting “calendar year 1990”; and (B) by striking “shall reduce by” and inserting “may reduce by not more than”.