Pub. L. 89-321, tit. II, sec. 201

Sec. 201. The National Wool Act of 1954, as amended, is amended, as follows: (1) By deleting from section 703 “March 31, 1966” and inserting in lieu thereof “December 31, 1969”. (2) By changing the period at the end of the third sentence of section 703 to a colon and inserting the following: “Provided further, That the support price for shorn wool for the 1966 and each subsequent marketing year shall be determined by multiplying 62 cents by the ratio of (i) the average of the parity index (the index of prices paid by farmers, including commodities and services, interest, taxes, and farm wage rates, as defined in section 301 (a) (1) (C) of the Agricultural Adjustment Act of 1938, as amended) for the three calendar years immediately preceding the calendar year in which such price support is determined and announced to (ii) the average parity index for the three calendar years 1958, 1959, and 1960, and rounding the resulting amount to the nearest full cent.” (3) By deleting the fourth sentence of section 703.