§ 5663. Departmental administration system

• (a) With respect to each commercial export promotion program of the Department of Agriculture or the Commodity Credit Corporation, the Secretary shall—
  • (1) specify by regulation the criteria used to evaluate and approve proposals for that program;
  • (2) establish a centralized system to permit the Foreign Agricultural Service to provide the history and current status of any proposal;
  • (3) provide for regular audits of program transactions to determine compliance with program objectives and requirements; and
  • (4) establish criteria to evaluate loans eligible for guarantees by the Commodity Credit Corporation, so as to ensure that the Corporation does not assume undue risk in providing such guarantees.
• (b) Information pertaining to the status of a particular proposal shall be retrievable within the central system by appropriate categories, as determined appropriate by the Secretary.