INITIATIVE FOR FUTURE FOOD AND AGRICULTURE SYSTEMS.

SEC. 1501. INITIATIVE FOR FUTURE FOOD AND AGRICULTURE SYSTEMS.(a) Termination of Fiscal Year 2007, 2008, and 2009 Transfers.—Subsection (b)(3)(D) of section 401 of the Agricultural Research, Extension, and Education Reform Act of 1998 (7 U.S.C. 7621) is amended by striking “2006” and inserting “2009”.(b) Termination of Multi-Year Availability of Fiscal Year 2006 Funds.—Paragraph (6) of subsection (f) of such section is amended to read as follows:“(6) Availability of funds.—“(A) Two-year availability.—Except as provided in subparagraph (B), funds for grants under this section shall be available to the Secretary for obligation for a 2-year period beginning on the date of the transfer of the funds under subsection (b).“(B) Exception for fiscal year 2006 transfer.—In the case of the funds required to be transferred by subsection (b)(3)(C), the funds shall be available to the Secretary for obligation for the 1-year period beginning on October 1, 2005.”