[Federal Register Volume 77, Number 137 (Tuesday, July 17, 2012)]
[Rules and Regulations]
[Page 41885]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-15195]



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  Federal Register / Vol. 77, No. 137 / Tuesday, July 17, 2012 / Rules 
and Regulations  

[[Page 41885]]



DEPARTMENT OF AGRICULTURE

Commodity Credit Corporation

7 CFR Part 1485


Market Access Program

AGENCY: Foreign Agricultural Service and Commodity Credit Corporation, 
USDA.

ACTION: Correcting amendments.

-----------------------------------------------------------------------

SUMMARY: The U.S. Department of Agriculture published a final rule in 
the Federal Register on May 17, 2012 (77 FR 29474). This document 
corrects the final regulations by revising these sections.

DATES: Effective date: July 17, 2012.

FOR FURTHER INFORMATION CONTACT: Mark Slupek, 202-720-1169, U.S. 
Department of Agriculture, Foreign Agricultural Service, Office of 
Trade Programs, Program Operations Division; or by phone: (202) 720-
4327; or by fax: (202) 720-9361; or by email: [email protected].

SUPPLEMENTARY INFORMATION: As published, the final regulation contained 
an error which may prove to be misleading and need to be clarified.

List of Subjects in 7 CFR Part 1485

    Agricultural commodities, Exports.

    Accordingly, 7 CFR Part 1485 is corrected by making the following 
correcting amendment:

PART 1485--GRANT AGREEMENTS FOR THE DEVELOPMENT OF FOREIGN MARKETS 
FOR U.S. AGRICULTURAL COMMODITIES

0
1. The authority citation for 7 CFR part 1485 continues to read as 
follows:

    Authority:  7 U.S.C. 5623, 5662-5663 and sec. 203, 402-403, Pub. 
L. 95-501, as amended, 92 Stat 1685 and sec. 1302, Pub. L. 103-66, 
107 Stat. 330.


0
2. Revise the part heading for part 1485 to read as set forth above.

0
3. Revise paragraph (b) of Sec.  1485.19 to read as follows:


Sec.  1485.19  Advances.

* * * * *
    (b) Exception. A MAP Participant for generic promotion activities 
may request an advance of MAP funds from CCC, provided the MAP 
Participant meets the criteria for advance payments set forth in the 
applicable parts of this title (e.g., 7 CFR Parts 3015, 3016, and 
3019). CCC will not approve any request for an advance submitted later 
than 3 months after the end of a MAP Participant's program year. At any 
given time, total payments advanced shall not exceed 40 percent of a 
MAP Participant's approved generic activity budget for the program 
year. CCC will not advance funds to a MAP Participant for brand 
promotion activities. When approving a request for an advance, CCC may 
require the MAP Participant to carry adequate fidelity bond coverage 
when the absence of such coverage is considered to create an 
unacceptable risk to the interests of the MAP. Whether an 
``unacceptable risk'' exists in a particular situation will depend on a 
number of factors, such as, for example, the Participant's history of 
performance in MAP; the Participant's perceived financial stability and 
resources; and any other factors presented in the particular situation 
that may reflect on the Participant's responsibility or the riskiness 
of its activities.
* * * * *

    Dated: June 7, 2012.
Suzanne E. Heinen,
Administrator, Foreign Agricultural Service, and Vice President, 
Commodity Credit Corporation.
[FR Doc. 2012-15195 Filed 7-16-12; 8:45 am]
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