Volume 71
Public Law 85–96
Relating to the stockpile of extra long staple cotton under the Strategic and Critical Materials Stockpiling Act.
Approved July 10, 1957
Statutory text
JOINT RESOLUTION
Relating to the stockpile of extra long staple cotton under the Strategic and Critical Materials Stockpiling Act.
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled,
That notwithstanding any other provision of law, fifty thousand bales of domestically grown extra long staple cotton in the stockpile (including any cotton which does not meet current stockpile specifications) established pursuant
60 Stat. 596.
to the Strategic and Critical Materials Stockpiling Act, as amended (50 U. S. C. 98), shall be withdrawn and transferred to the Commodity Credit Corporation for sale at not less than the prices at which the Commodity Credit Corporation may sell its stocks under the
63 Stat. 1055; 70 Stat. 6.
minimum pricing provision of section 407 of the Agricultural Act of 1949, as amended. Proceeds from such sale, less costs incurred by Commodity Credit Corporation, including administrative expense, as determined by the Secretary of Agriculture, shall be covered into the Treasury of the United States as miscellaneous receipts.
Approved July 10, 1957.