NATIONAL SHEEP INDUSTRY IMPROVEMENT CENTER.

SEC. 11009. NATIONAL SHEEP INDUSTRY IMPROVEMENT CENTER.(a) Funding.—Section 375(e)(6) of the Consolidated Farm and Rural Development Act (7 U.S.C. 2008j(e)(6)) is amended by striking subparagraphs (B) and (C) and inserting the following:“(B) Mandatory funding.—Of the funds of the Commodity Credit Corporation, the Secretary shall use to carry out this section $1,000,000 for fiscal year 2008, to remain available until expended.“(C) Authorization of appropriations.—There is authorized to be appropriated to the Secretary to carry out this section $10,000,000 for each of fiscal years 2008 through 2012.”.(b) Repeal of Requirement To Privatize Revolving Fund.—(1) In general.—Section 375 of the Consolidated Farm and Rural Development Act (7 U.S.C. 2008j) is amended by striking subsection (j).(2) Effective date.—The amendment made by paragraph (1) takes effect on May 1, 2007.