[Federal Register Volume 60, Number 55 (Wednesday, March 22, 1995)]
[Notices]
[Pages 15121-15122]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-7049]



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DEPARTMENT OF AGRICULTURE

Commodity Credit Corporation


Cotton Storage Agreement Fees

AGENCY: Commodity Credit Corporation, USDA.

ACTION: Notice of fees.

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SUMMARY: The purpose of this notice is to publish a schedule of fees to 
be paid to Commodity Credit Corporation (CCC) by cotton warehouse 
operators requesting to enter into a storage agreement or renew an 
existing storage agreement in accordance with the regulations governing 
the Standards for Approval of Warehouses for Cotton or Cotton Linters 
(7 CFR 1427.1081 et seq.).

EFFECTIVE DATE: July 1, 1995.

FOR FURTHER INFORMATION CONTACT: Mr. Steven Closson, Warehouse and 
Inventory Division, Consolidated Farm Service Agency, United States 
Department of Agriculture, Room 5968-South Building. P.O. Box 2415, 
Washington, DC 20013, (202) 720-4018.

SUPPLEMENTARY INFORMATION:

Background

    In accordance with the provisions of CCC's Charter Act (15 U.S.C. 
714 et seq), CCC enters into storage agreements with private cotton 
warehouse operators to provide for the storage of commodities owned by 
CCC or pledged as security to CCC for price support loans.
    The regulation, 7 CFR 1427.1088, requires that all non-Federally 
licensed cotton warehouse operators in States that do not have a 
Cooperative Agreement with CCC for warehouse examinations and who do 
not have an existing agreement with CCC for storage and handling of 
CCC-owned commodities or commodities pledged to CCC as loan collateral, 
but who desire such an agreement, must pay an application and 
inspection fee prior to CCC conducting the original warehouse 
examination. After the initial examination and upon execution of the 
CSA, such cotton warehouse operator must pay the annual contract fee 
prorated for the first year and the full contract fee annually 
thereafter in advance of the renewal date of the agreement.
    Section 1427.1088 also provides that the amount of the contract fee 
will be determined and announced in the Federal Register. The fee 
schedule remains effective until changed by CCC. No fee schedule 
currently is in effect and CCC has not collected fees although the 
Standards for Approval and the Cotton Storage Agreement (CSA) provides 
for the collection of such fees. The Department of Agriculture has 
determined that the user fees will now be collected under the United 
States Warehouse Act from cotton warehouse operators licensed there 
under. A cotton user fee schedule was announced in the Federal Register 
effective October 1, 1994. CCC has now determined that a CSA contract 
fee will be collected from cotton warehouse operators having a CSA and 
not licensed under the United States Warehouse Act. This notice will 
establish the schedule of Contract Fees.

Determination

    The fees set forth herein will be collected by CCC from non-
Federally licensed warehouse operators in States which do not have a 
Cooperative Agreement with CCC for the examination of warehouses and 
who have entered into a CSA with CCC or who are seeking to enter into a 
CSA with CCC.

Application and Inspection Fees

    The Application and Inspection fee will be computed at the rate of 
$65 for each 1,000 bales of storage capacity or fraction thereof, but 
the fee will be not less than $130 nor more than $1,300.

Contract Fees

    The contract fees are as follows:

                                                                        
[[Page 15122]]                                                          
                   Twelve-Month Contract Fee Schedule                   
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                                                               Contract 
                  Location capacity (bales)                      fees   
                                                               (dollars)
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1 to 20,000.................................................       $500 
20,001 to 40,000............................................        650 
40,001 to 60,000............................................        800 
60,001 to 80,000............................................      1,000 
80,001 to 100,000...........................................      1,250 
100,001 to 120,000..........................................      1,500 
120,001 to 140,000..........................................      1,750 
140,001 to 160,000..........................................      2,000 
160,001 +...................................................   \1\2,250 
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\1\Plus $50.00 per 5,000 bale capacity or fraction thereof above 160,000
  bales.                                                                

    Signed at Washington, DC on March 16, 1995.
Bruce R Weber,
Acting Executive Vice President, Commodity Credit Corporation.
[FR Doc 95-7049 Filed 3-21-95; 8:45 am]
BILLING CODE 3410-05-P