Home > Terms > English, UK (UE) > Section 32

Section 32

Section 32 of Agricultural Adjustment Act Amendment of 1935 was enacted to widen market outlets for surplus agricultural commodities as one means of strengthening farm prices. Section 32 programmes are financed by a permanent appropriation equal to 30% of the import duties collected on all items entering the United States under the customs laws, plus any unused balances up to $300 million. Most funds are annually transferred by appropriators to pay for child nutrition programs, although a portion of money is reserved to buy perishable commodities (mainly produce, meat, and poultry products) that are in surplus. Section 32 funds were used to finance the Cottonseed Oil Assistance programme and Sunflower Oil Assistance programme export subsidy programs, which were effectively terminated by the FAIR Act of 1996.

This is auto-generated content. You can help to improve it.
0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: People Category: Politicians

Omar Suleiman

The former Egyptian Vice President under Hosni Mubarak, as well as an army general, politician, diplomat, and intelligence officer. He was appointed ...

Contributor

Featured blossaries

Top 10 University in Beijing, China

Category: Education   1 10 Terms

Top 5 TV series of 2014

Category: Entertainment   1 4 Terms