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Facility Guarantee Program

farm-program · Commodity Credit Corporation · Rule · Published 2016-09-22 · Effective 2016-09-22 · 81 FR 65510

Document

Document number
2016-22367
Federal Register citation
81 FR 65510
CFR reference
7 CFR 1493
Type
Rule
Action
Final rule with request for comments.
Category
farm-program
Sub-agency
Commodity Credit Corporation
Publication date
2016-09-22
Effective date
2016-09-22

Abstract

This final rule amends the regulations used to administer the Facility Guarantee Program (FGP). Under the FGP, the Commodity Credit Corporation (CCC) may issue payment guarantees in connection with sales of goods or U.S. services to establish or improve agricultural-related facilities in emerging markets to expand exports of U.S. agricultural commodities or products. This final rule incorporates statutory changes from the Food, Conservation, and Energy Act of 2008 and modifications intended to reduce the burden on participants and improve program efficiency and effectiveness. Certain revisions will ensure the FGP is operated in compliance with the Organisation for Economic Co-operation and Development (OECD) Arrangement on Officially Supported Export Credits. Additionally, this final rule incorporates significant changes previously made to the regulations for the Export Credit Guarantee Program (GSM-102) that are also applicable to the FGP.

Source

Authoritative
Federal Register document
Machine
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