7 U.S.C. § 5663 — Departmental administration system
submitted 36 years ago by Pub. L. 95-501 to r/title-7-AGRICULTURE · 136 words · no verdicts yet
This section requires criteria, centralized information, audits, and risk controls for export-promotion programs.
With respect to each commercial export promotion program of the Department of Agriculture or the Commodity Credit Corporation, the Secretary* shall—
specify by regulation the criteria used to evaluate and approve proposals for that program;
establish a centralized system to permit the Foreign Agricultural Service* to provide the history and current status of any proposal;
provide for regular audits of program transactions to determine compliance with program objectives and requirements; and
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.
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.)
- 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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