112 STAT. 564 PUBLIC LAW 105-185--JUNE 23, 1998 TITLE IV—NEW AGRICULTURAL RE- SEARCH, EXTENSION, AND EDU- CATION INITIATIVES 7 USC 7621. SEC. 401. INITIATIVE FOR FUTURE AGRICULTURE AND FOOD SYSTEMS. (a) TREASURY ACCOUNT. — There is established in the Treasury of the United States an account to be known as the Initiative for Future Agriculture and Food Systems (referred to in this section as the 'Account") to provide funds for activities authorized under this section. (b) FUNDING.— Effective date. (1) IN GENERAL. — On October 1, 1998, and each October Termination 1 thereafter through October 1, 2002, out of any funds in "**•• the Treasury not otherwise appropriated, the Secretary of the Treasury shall transfer $120,000,000 to the Account. (2) ENTITLEMENT.— The Secretary of Agriculture— (A) shall be entitled to receive the funds transferred to the Account under paragraph (1); (B) shall accept the funds; and (C) shall use the funds to carry out this section. (c) PURPOSES.— (1) CRITICAL EMERGING ISSUES.— The Secretary shall use the fluids in the Account— (A) subject to paragraph (2), for research, extension, and education grants (referred to in this section as "grants") to address critical emerging agricultural issues related to— (i) future food production; (ii) environmental quality and natural resource management; or (iii) farm income; and (B) for activities carried out under the Alternative Agricultural Research and Commercialization Act of 1990 (7 U.S.C. 5901 et seq.). (2) PRIORITY MISSION AREAS.—In making grants under this section, the Secretary, in consultation with the Advisory Board, shall address priority mission areas related to— (A) agricultural genome; (B) food safety, food technology, and human nutrition; (C) new and alternative uses and production of agricultural commodities and products; (D) agricultural biotechnology; (E) natural resource management, including precision agriculture; and (F) farm efficiency and profitability, including the viability and competitiveness of small- and medium-sized dairy, livestock, crop, and other commodity operations. (d) ELIGIBLE GRANTEES.— The Secretary may make a grant under this section to— (1) a Federed research agency; (2) a national laboratory; (3) a college or university or a research foundation maintained by a college or university; or (4) a private research organization with an established and demonstrated capacity to perform research or technology transfer.
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