Page:United States Statutes at Large Volume 102 Part 3.djvu/158

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PUBLIC LAW 100-000—MMMM. DD, 1988

102 STAT. 2242

PUBLIC LAW 100-460—OCT. 1, 1988 FEDERAL CROP INSURANCE CORPORATION ADMINISTRATIVE AND OPERATING EXPENSES

For administrative and operating expenses, as authorized by the Federal Crop Insurance Act, as amended (7 U.S.C. 1516), $201,992,000: Provided, That not to exceed $700 shall be available for official reception and representation expenses, as authorized by7 U.S.C. 1506(i). FEDERAL CROP INSURANCE CORPORATION FUND

For payments as authorized by section 508(b) of the Federal Crop Insurance Act, as amended, $112,000,000. COMMODITY CREDIT CORPORATION REIMBURSEMENT FOR NET REAUZED LOSSES

For nscal year 1989, such sums as may be necessary to reimburse the Commodity Credit Corporation for net realized losses sustained or anticipated, but not previously reimbursed, but not to exceed $8,828,286,000, pursuant to section 2 of the Act of August 17, 1961, as amended (15 U.S.C. 713a-ll). SHORT-TERM EXPORT CREDIT

The Commodity Credit Corporation shall make available not less than $5,000,000,000 in credit guarantees under its export credit guarantee program for short-term credit extended to finance the export sales of United States agricultural commodities and the products thereof, as authorized by section 1125(b) of the Food Security Act of 1985 (Public Law 99-198). INTERMEDIATE EXPORT CREDIT

The Commodity Credit Corporation shall make available not less than $500,000,000 in credit guarantees under its export guarantee program for intermediate-term credit extended to finance the export sales of United States agricultural commodities and the products thereof, as authorized by section 1131(3)(B) of the Food Security Act of 1985 (Public Law 99-198). GENERAL SALES MANAGER (INCLUDING TRANSFERS OF FUNDS)

Reports. Loans. Exports.

Not to exceed $7,200,000 may be transferred from the Commodity Credit Corporation funds to support the General Sales Manager, of which up to $4,000,000 shall be available only for the purpose of selling surplus agricultural commodities from Commodity Credit Corporation inventory in world trade at competitive prices for the purpose of regaining and retaining our normal share of world markets. The General Sales Manager shall report directly to the Secretary of Agriculture. The General Sales Manager shall obtain, assimilate, and analyze all available information on developments related to private sales, as well as those funded by the Corporation, including grade and quality as sold and as delivered, including information relating to the effectiveness of greater reliance by the