# 7 U.S.C. § 1703: Terms and conditions of sales

> Federal · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/usc_t7_s1703

## Section

- **Citation:** 7 U.S.C. § 1703
- **Heading:** Terms and conditions of sales
- **Jurisdiction:** Federal
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** September 9, 2026
- **Source:** Publisher's official text
- **Location:** Title 7—AGRICULTURE > CHAPTER 41—FOOD FOR PEACE > SUBCHAPTER II—ECONOMIC ASSISTANCE AND FOOD SECURITY

## Text

Except as provided in paragraph (2), agreements under this subchapter shall require that payment for agricultural commodities be made in dollars.

( July 10, 1954, ch. 469 , title I, § 103, 68 Stat. 456 ; Aug. 12, 1955, ch. 873, § 1 , 69 Stat. 721 ; May 28, 1956, ch. 327 , title II, § 208(a), 70 Stat. 201 ; Aug. 3, 1956, ch. 933, § 1 , 70 Stat. 988 ; Pub. L. 85–128, § 1(2) , Aug. 13, 1957 , 71 Stat. 345 ; Pub. L. 85–931, § 2 , Sept. 6, 1958 , 72 Stat. 1790 ; Pub. L. 86–341, title I, § 2 , Sept. 21, 1959 , 73 Stat. 606 ; Pub. L. 87–28 , May 4, 1961 , 75 Stat. 64 ; Pub. L. 87–128, title II, § 201(2) , Aug. 8, 1961 , 75 Stat. 306 ; Pub. L. 88–638, § 1(4) , (5), Oct. 8, 1964 , 78 Stat. 1035 ; Pub. L. 89–808, § 2(B) , Nov. 11, 1966 , 80 Stat. 1526 ; Pub. L. 90–436 , §§ 4, 5, July 29, 1968 , 82 Stat. 450 ; Pub. L. 91–524, title VII, § 703 , Nov. 30, 1970 , as added Pub. L. 93–86, § 1(26) , Aug. 10, 1973 , 87 Stat. 237 ; Pub. L. 93–125, § 1(e) , Oct. 18, 1973 , 87 Stat. 450 ; Pub. L. 94–161, title II, § 203 , Dec. 20, 1975 , 89 Stat. 851 ; Pub. L. 95–88, title II , §§ 201(b), 211(b)(1), Aug. 3, 1977 , 91 Stat. 545 , 551; Pub. L. 95–424, title I, § 102(b)(2)(B) , Oct. 6, 1978 , 92 Stat. 941 ; Pub. L. 96–53, title II, § 201 , Aug. 14, 1979 , 93 Stat. 368 ; Pub. L. 97–113, title IV, § 401(2) –(4), Dec. 29, 1981 , 95 Stat. 1537 ; Pub. L. 99–198, title XI, § 1111(d) , Dec. 23, 1985 , 99 Stat. 1475 ; Pub. L. 100–202, § 9 , Dec. 22, 1987 , 101 Stat. 1329–448 ; Pub. L. 101–624, title XV, § 1512 , Nov. 28, 1990 , 104 Stat. 3634 ; Pub. L. 104–127, title II, § 204 , Apr. 4, 1996 , 110 Stat. 953 .)

## Nearby sections

- [7 U.S.C. § 1692 Transferred](https://www.frixlaw.com/law-library/statutes/usc_t7_s1692.md)
- [7 U.S.C. § 1693 to 1697 Repealed. Pub. L. 89–808, § 2(D) , Nov. 11, 1966 , 80 Stat. 1535](https://www.frixlaw.com/law-library/statutes/usc_t7_s1693...1697.md)
- [7 U.S.C. § 1701 Economic assistance and food security](https://www.frixlaw.com/law-library/statutes/usc_t7_s1701.md)
- [7 U.S.C. § 1702 Agreements regarding eligible countries and private entities](https://www.frixlaw.com/law-library/statutes/usc_t7_s1702.md)
- [7 U.S.C. § 1703 Terms and conditions of sales](https://www.frixlaw.com/law-library/statutes/usc_t7_s1703.md)
- [7 U.S.C. § 1704 Use of local currency payment](https://www.frixlaw.com/law-library/statutes/usc_t7_s1704.md)
- [7 U.S.C. § 1704a Agreements for use of foreign currencies; reports to Congress](https://www.frixlaw.com/law-library/statutes/usc_t7_s1704a.md)
- [7 U.S.C. § 1704b Repealed. Pub. L. 97–214, § 7(4) , July 12, 1982 , 96 Stat. 173](https://www.frixlaw.com/law-library/statutes/usc_t7_s1704b.md)
- [7 U.S.C. § 1704c Payments by Secretary of Defense in liquidation of amount due for foreign currencies](https://www.frixlaw.com/law-library/statutes/usc_t7_s1704c.md)
- [7 U.S.C. § 1705, 1706 Repealed. Pub. L. 104–127, title II , §§ 206, 265(a), Apr. 4, 1996 , 110 Stat. 953 , 974](https://www.frixlaw.com/law-library/statutes/usc_t7_s1705%20_us_usc_t7_s1706.md)
- [7 U.S.C. § 1707 Omitted](https://www.frixlaw.com/law-library/statutes/usc_t7_s1707.md)
- [7 U.S.C. § 1707a Repealed. Pub. L. 101–624, title XV, § 1574 , Nov. 28, 1990 , 104 Stat. 3702](https://www.frixlaw.com/law-library/statutes/usc_t7_s1707a.md)
- [7 U.S.C. § 1707b to 1707d Omitted](https://www.frixlaw.com/law-library/statutes/usc_t7_s1707b...1707d.md)
- [7 U.S.C. § 1708 to 1715 Omitted](https://www.frixlaw.com/law-library/statutes/usc_t7_s1708...1715.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/usc_t7_s1703. Check the current official text before relying on it. Not legal advice.