Sec. 12210. Pima cotton trust fund

660 words·~3 min read·/bill/113/hr/2642/eas/section-12210

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There is established in the Treasury of the United States a trust fund to be known as the Pima Cotton Trust Fund , consisting of such amounts as may be transferred to the Pima Cotton Trust Fund pursuant to the authorization of appropriations under subsection (e). From amounts in the Pima Cotton Trust Fund, the Secretary may make payments annually beginning in fiscal year 2014 as follows: To nationally recognized associations established for the promotion of pima cotton for use in textile and apparel goods.

To yarn spinners of pima cotton that produce ring spun cotton yarns in the United States, to be allocated to each spinner in an amount that bears the same ratio as— the spinner’s production of ring spun cotton yarns, measuring less than 83.33 decitex (exceeding 120 metric number) from pima cotton in single and plied form during the period January 1, 1998, through December 31, 2003 (as evidenced by an affidavit provided by the spinner that meets the requirements of subsection (c)) bears to— the production of the yarns described in subparagraph

(A)during the period January 1, 1998, through December 31, 2003, for all spinners who qualify under this paragraph. To manufacturers who cut and sew cotton shirts in the United States who certify that they used imported cotton fabric during the period January 1, 1998, through July 1, 2003, to be allocated to each such manufacturer in an amount that bears the same ratio as— the dollar value (excluding duty, shipping, and related costs) of imported woven cotton shirting fabric of 80s or higher count and 2-ply in warp purchased by the manufacturer during calendar year 2002 (as evidenced by an affidavit provided by the manufacturer that meets the requirements of subsection (d)) used in the manufacturing of men’s and boys’ cotton shirts, bears to— the dollar value (excluding duty, shipping, and related costs) of the fabric described in subparagraph

(A)purchased during calendar year 2002 by all manufacturers who qualify under this paragraph. The affidavit required by subsection (c)(2)(A) is a notarized affidavit provided annually by an officer of a producer of ring spun yarns that affirms— that the producer used pima cotton during the year in which the affidavit is filed and during the period January 1, 2002, through December 31, 2002, to produce ring spun cotton yarns in the United States, measuring less than 83.33 decitex (exceeding 120 metric number), in single and plied form during 2002; the quantity, measured in pounds, of ring spun cotton yarns, measuring less than 83.33 decitex (exceeding 120 metric number), in single and plied form during calendar year 2002; and that the producer maintains supporting documentation showing the quantity of such yarns produced, and evidencing the yarns as ring spun cotton yarns, measuring less than 83.33 decitex (exceeding 120 metric number), in single and plied form during calendar year 2002. The affidavit required by subsection (c)(3)(A) is a notarized affidavit provided annually by an officer of a manufacturer of men’s and boys’ shirts that affirms— that the manufacturer used imported cotton fabric during the year in which the affidavit is filed and during the period January 1, 1998, through July 1, 2003, to cut and sew men’s and boys’ woven cotton shirts in the United States; the dollar value of imported woven cotton shirting fabric of 80s or higher count and 2-ply in warp purchased by the manufacturer during calendar year 2002; that the manufacturer maintains invoices along with other supporting documentation (such as price lists and other technical descriptions of the fabric qualities) showing the dollar value of such fabric purchased, the date of purchase, and evidencing the fabric as woven cotton fabric of 80s or higher count and 2-ply in warp; and that the fabric was suitable for use in the manufacturing of men’s and boys’ cotton shirts. There are authorized to be appropriated such sums as are necessary to carry out this section for each of fiscal years 2014 through 2019.