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Title 7: Agriculture
Subtitle B: Regulations of the Department of Agriculture (Continued)
CHAPTER XIV: COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
SUBCHAPTER B: LOANS, PURCHASES, AND OTHER OPERATIONS
PART 1493: CCC EXPORT CREDIT GUARANTEE PROGRAMS
Subpart A: Restrictions and Criteria for Export Credit Guarantee Programs
1493.6 - Additional required determinations for GSM-103.
Notwithstanding any other provision under this part, CCC shall not guarantee under the GSM-103 program the repayment of credit made available to finance an export sale unless the Secretary of Agriculture determines that such sale will:
(a) Develop, expand or maintain the importing country as a foreign market, on a long-term basis, for the commercial sale and export of U.S. agricultural commodities, without displacing normal commercial sales;
(b) Improve the capability of the importing country to purchase or use, on a long-term basis, U.S. agricultural commodities; or
(c) Otherwise promote the export of U.S. agricultural commodities.
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