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7 U.S.C. § 471Statistics and estimates of grades and staple length of cotton; collection and publication

submitted 99 years ago by ch. 337 to r/title-7-AGRICULTURE · 158 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary of Agriculture must collect and publish yearly statistics on cotton grades and staple length held in storage as of August 1 each year. After that, the Secretary must publish at least three more estimates that year about the current cotton crop, listing tenderable cotton separately.

The Secretary of Agriculture must collect and publish, once a year on dates the Secretary announces, statistics or estimates about the grades and staple length of stored cotton — known as the "carry-over" — held on August 1 of each year in warehouses and similar facilities across the continental United States. After that yearly publication, the Secretary must also publish, at whatever intervals the Secretary chooses, estimates of the grades and staple length of the cotton crop then being grown — with at least three such estimates published for each crop. In any of these published statistics or estimates, cotton that on the publication date could be delivered ("tendered") under futures contracts under the United States Cotton Futures Act must be listed separately from cotton that could not.
the actual law source: uscode.house.gov ↗public domain

The Secretary of Agriculture is authorized and directed to collect and publish annually, on dates to be announced by him, statistics or estimates concerning the grades and staple length of stocks of cotton, known as the carry-over, on hand on the 1st of August of each year in warehouses and other establishments of every character in the continental United States; and following such publication each year, to publish, at intervals in his discretion, his estimate of the grades and staple length of cotton of the then current crop: Provided, That not less than three such estimates shall be published with respect to each crop. In any such statistics or estimates published, the cotton which on the date for which such statistics are published may be recognized as tenderable on contracts of sale of cotton for future delivery under the United States Cotton Futures Act, shall be stated separately from that which may be untenderable under said Act.

Source credit: (Mar. 3, 1927, ch. 337, § 1, 44 Stat. 1372.)

history & why it existsrecord from the source credit
  • 1927Enacted · Act of Mar. 3, 1927, ch. 337 · 44 Stat. 1372

A history note hasn’t been published yet. The record shows enactment by ch. 337 on 1927-03-03.

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