7 USC 1446c-2 – Domestic casein industry
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(a) Annual availability of surplus stocks of nonfat dry milk; bid basis
The Commodity Credit Corporation shall provide surplus stocks of nonfat dry milk of not less than 1,000,000 pounds annually to individuals or entities on a bid basis.
(b) Acceptance of bids at lower than resale price
Terms Used In 7 USC 1446c-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The Commodity Credit Corporation may accept bids at lower than the resale price otherwise required by law, in order to promote the strengthening of the domestic casein industry.
(c) Nonfat dry milk sold to be used only for manufacture of casein
The Commodity Credit Corporation shall take appropriate action to ensure that the nonfat dry milk sold by the Corporation under this section is used only for the manufacture of casein.