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7 U.S.C. § 5663Departmental administration system

submitted 36 years ago by Pub. L. 95-501 to r/title-7-AGRICULTURE · 136 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section requires criteria, centralized information, audits, and risk controls for export-promotion programs.

(a) For each Department of Agriculture or Commodity Credit Corporation commercial export-promotion program, the Secretary must (1) set by regulation the criteria for evaluating and approving proposals, (2) create a central system through which the Foreign Agricultural Service can provide a proposal’s history and current status, (3) arrange regular audits for compliance with program goals and requirements, and (4) set criteria for evaluating loans eligible for Corporation guarantees so the Corporation does not take excessive risk. (b) Information about a proposal’s status must be retrievable in the central system by categories the Secretary considers appropriate.
the actual law source: uscode.house.gov ↗public domain
(a) In general

With respect to each commercial export promotion program of the Department of Agriculture or the Commodity Credit Corporation, the Secretary shall—

(1)

specify by regulation the criteria used to evaluate and approve proposals for that program;

(2)

establish a centralized system to permit the Foreign Agricultural Service to provide the history and current status of any proposal;

(3)

provide for regular audits of program transactions to determine compliance with program objectives and requirements; and

(4)

establish criteria to evaluate loans eligible for guarantees by the Commodity Credit Corporation, so as to ensure that the Corporation does not assume undue risk in providing such guarantees.

(b) Accessibility of information

Information pertaining to the status of a particular proposal shall be retrievable within the central system by appropriate categories, as determined appropriate by the Secretary.

Source credit: (Pub. L. 95–501, title IV, § 403, as added Pub. L. 101–624, title XV, § 1531, Nov. 28, 1990, 104 Stat. 3682.)

history & why it existsrecord from the source credit
  • 1990Enacted · Pub. L. 95-501 · 104 Stat. 3682

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-501 on 1990-11-28.

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