Uniform Cotton Classing Fees Act of 1987

Summary

Uniform Cotton Classing Fees Act of 1987 - Amends the Cotton Statistics and Estimates Act to extend the Secretary of Agriculture's authority to provide cotton classification services and to collect fees for such services through FY 1992. Provides that the uniform cotton per bale classification for a crop year shall be the previous year's fee, exclusive of prior adjustments, and as may be adjusted for the percentage change in the Implicit Price Deflator for Gross National Product as indexed during the most recent 12-month period. Provides that the uniform per bale classification fee for a crop year may be increased, or decreased, by up to one percent for every 100,000 bales produced below, or above, 12,500,000 bales. Stipulates that such adjustments shall not exceed 15 percent unless fees and other income sources will not provide an ending operating reserve of at least ten percent of estimated operating expenses. Authorizes the Secretary to add a special surcharge of up to five cents a bale if the projected fiscal year ending reserve is less than 25 percent of estimated operating expenses. Prohibits the Secretary from establishing a uniform per bale classification fee if (when combined with other revenues and adjusted for expenses) doing so will result in a projected operating reserve of more than 25 percent. States that the Secretary should continue to recognize that central billing can reduce administrative costs. Directs the Secretary to announce: (1) the uniform classification fee and any crop surcharge by June 1 of the year that such fee applies; and (2) the FY 1987 fee as soon as practicable after enactment of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

4 official files

• Public Law (PDF)

  Public Law · EN · 21 August 1987

  ViewDownloadOpen at official source

• Passed House amended

  summary · EN · 27 July 1987

  Open at official source

• Reported to House with amendment(s)

  summary · EN · 27 July 1987

  Open at official source

• Introduced in House

  summary · EN · 20 July 1987

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.