Business / Agriculture / 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 programs 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 Program and Sunflower Oil Assistance Program export subsidy programs, which were effectively terminated by the FAIR Act of 1996.
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Section Noun Synonyms: sample, slice, cross-section, fraction
Section Adjective Synonyms: part, division, department, branch, sector, group, detachment, segment, portion, subdivision, component, element
Business / Agriculture / Section 504 Loans And Grants: A USDA rural housing repair program authorized under Section 504 of the Housing Act of 1949. Under current regulations, rural homeowners with incomes of 50% or less of the area median may qualify for MORE
Business / Agriculture / Section 514 Loans: A domestic farm labor housing program authorized under Section 514 of the Housing Act of 1949. The Rural Housing Service (RHS) makes loans to farm owners, associations of farm owners, or nonprofit org MORE