South Texas Agricultural Compensation Trust Fund

(a) In general There is established in the Treasury of the United States a trust fund, to be known as the South Texas Agricultural Compensation Trust Fund (in this section referred to as the Trust Fund), consisting of— (1) amounts transferred to the trust fund under subsection (b); and (2) any amounts that may be credited to the trust fund under subsection (c). (b) Transfer of amounts The Secretary of the Treasury shall transfer to the Trust Fund, from the general fund of the Treasury, an amount equivalent to the amount received into the general fund and attributable to duties collected under section 4. (c) Investment of amounts (1) Investment of amounts The Secretary shall invest such portion of the Trust Fund as is not required to meet current withdrawals in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. (2) Interest and proceeds The interest on, and the proceeds from the sale or redemption of, any obligations held in the Trust Fund shall be credited to and form a part of the Trust Fund. (d) Availability of amounts Amounts in the Trust Fund shall be available, without further appropriation, to the Secretary of Agriculture to provide direct financial compensation to agricultural producers who have suffered economic losses as determined under section 6.