[House Document 106-199]
[From the U.S. Government Publishing Office]





106th Congress, 2d Session - - - - - - - - - - - House Document 106-199
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  BUDGET PROGRAM REVISIONS FOR THE COMMODITY CREDIT CORPORATION FOR 
                 FISCAL YEAR 2000 AND FISCAL YEAR 2001

                               __________

                             COMMUNICATION

                                  from

                   THE PRESIDENT OF THE UNITED STATES

                              transmitting

 THE BUDGET PROGRAM REVISIONS FOR THE COMMODITY CREDIT CORPORATION FOR 
                          FY 2000 AND FY 2001




  February 29, 2000.--Referred to the Committee on Appropriations and 
                         ordered to be printed

                                -------                                

                    U.S. GOVERNMENT PRINTING OFFICE
79-012                     WASHINGTON : 2000       





                                           The White House,
                                     Washington, February 25, 2000.
The Speaker of the House of Representatives.
    Sir: As required by Section 5 of the Commodity Credit 
Corporation Act (15 U.S.C. 714c) and the Government Corporation 
Control Act (31 U.S.C., Chapter 91), I hereby notify the 
Congress of budget program revisions for the Commodity Credit 
Corporation (CCC) for FY 2000 and FY 2001. The revisions, 
totaling up to $845 million, would support the purchase and 
donation of domestic wheat and other surplus commodities.
    For FY 2000, the FY 2001 Budget estimate for CCC of $27,921 
million in net outlays would be increased by $600 million, to 
$28,521 million. The FY 2001 estimate of $18,975 million in net 
outlays would be increased by up to $245 million, to $19,220 
million.
    The details of this action are set forth in the enclosed 
letter from the Director of the Office of Management and 
Budget. I concur with his comments and observations.
            Sincerely,
                                                William J. Clinton.
    Enclosure.



                 [Estimate No. 5, 106th Cong. 2d Sess.]

                 Executive Office of the President,
                           Office of Management and Budget,
                                 Washington, DC, February 25, 2000.
The President,
The White House.
    Submitted for your consideration is a request for FY 2000 
and FY 2001 budget revisions totaling up to $845 million for 
the purchase and donation of domestic wheat and other surplus 
commodities.
    In accordance with Section 5 of the Commodity Credit 
Corporation Act (15 U.S.C. 714c) and the Government Corporation 
Control Act (31 U.S.C., Chapter 91), this request would 
constitute an official revision of the budget program for the 
Commodity Credit Corporation (CCC) for FY 2000 and FY 2001. For 
FY 2000, the FY 2001 Budget estimate for CCC of $27,921 million 
in net outlays would be increased by $600 million, to $28,521 
million. OMB projects that the FY 2001 estimate of $18,975 
million in net outlays would be increased by up to $245 
million, to $19,220 million.
    The funds will be used to implement the plan you directed 
on February 10, 2000. Up to three million bushels of U.S. 
wheat, wheat flour, soybeans, other soy products, rice, and 
milk powder will be purchased by CCC or taken from CCC stocks 
and donated overseas to relieve hunger and suffering in needy 
areas of the world and to strengthen domestic crop prices. The 
Secretary of Agriculture has found the commodities to be in 
surplus at this time, and OMB concurs in this determination. 
The current estimated funding needs of up to $845 million in 
FYs 2000 and 2001 will allow the acquisition of commodities and 
the ocean freight to the destination countries. The recipient 
countries and allocations are being determined by the 
Administration and international aid organizations.
    I have carefully reviewed this proposal and am satisfied 
that it is necessary at this time. Therefore, I join the 
Secretary of Agriculture in recommending that you approve the 
budget program revisions by signing the enclosed letter to the 
Speaker of the House of Representatives.
            Sincerely,
                                            Jacob J. Lew, Director.
    Enclosure.


   Notification Required by the Commodity Credit Corporation and the 
                   Government Corporation Control Act

    In accordance with Section 5 of the Commodity Credit 
Corporation Act (15 U.S.C. 714c) and the Government Corporation 
Control Act (31 U.S.C., Chapter 91), the President has revised 
the budget program for the Commodity Credit Corporation (CCC) 
for FYs 2000 and 2001. For FY 2000, the FY 2001 Budget estimate 
for CCC of $27,921 million in net outlays has been increased by 
$600 million, to $28,521 million. The FY 2001 estimate of 
$18,975 million in net outlays has been increased by up to $245 
million, to $19,220 million.
    The funds will be used to implement the plan the President 
directed on February 10, 2000. Up to three million bushels of 
U.S. wheat, wheat flour, soybeans, other soy products, rice, 
and milk powder will be purchased by CCC or taken from CCC 
stocks and donated overseas to relieve hunger and suffering in 
needy areas of the world and to strengthen domestic crop 
prices. The Secretary of Agriculture has found the commodities 
to be in surplus at this time, and OMB concurs in this 
determination. The current estimated funding needs of up to 
$845 million in FYs 2000 and 2001 will allow the acquisition of 
commodities and the ocean freight to the destination countries.

                                

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