46 U.S. Code § 55312 - Determining prevailing world market price

(a) Agricultural Commodities and Products.— The prevailing world market price for agricultural commodities or their products shall be determined under this subchapter under procedures prescribed by the Secretary of Agriculture. The Secretary shall prescribe the procedures by regulation, with notice and opportunity for public comment under section 553 of title 5.
(b) Services and Non-Agricultural Commodities and Products.— If a determination of the prevailing world market price of any other type of materials, goods, equipment, or service is required to determine whether a barter or exchange transaction is subject to section 55314 (b)(6) or (7) of this title, the determination shall be made by the Secretary of Agriculture in consultation with the heads of other appropriate agencies.


(Pub. L. 109–304, § 8(c),Oct. 6, 2006, 120 Stat. 1644.)

Historical and Revision Notes
Revised Section Source (U.S. Code) Source (Statutes at Large)
46 App.:1241f(e).
June 29, 1936, ch. 858, title IX, § 901b(e), as added Pub. L. 99–198, title XI, § 1142, Dec. 23, 1985, 99 Stat. 1492.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

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46 USCDescription of ChangeSession YearPublic LawStatutes at Large


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