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BOM24567 S6J S.L.C. 114 1 "(b) REIMBURSEMENT OF INCREASED COSTS.- 2 "(1) IN GENERAL.--The Secretary of Transpor- 3 tation shall reimburse the Secretary of Agriculture, 4 the Commodity Credit Corporation, and the United 5 States Agency for International Development for the 6 amount by which, in any fiscal year- 7 "(A) the total cost of ocean freight and 8 ocean freight differential for which obligations 9 are incurred by the Secretary of Agriculture, 10 the Corporation, and the United States Agency 11 for International Development on exports of ag- 12 ricultural products under the agricultural ex- 13 port programs specified in section 55314(b) of 14 this title; exceeds 15 "(B) 20 percent of the value of the agricul- 16 tural products and the cost of the ocean freight 17 and ocean freight differential on which obliga- 18 tions are incurred by the Secretary of Agri- 19 culture, the Corporation, and the United States 20 Agency for International Development during 21 that fiscal year. 22 "(2) AGRICULTURAL PRODUCTS SHIPPED FROM 23 INVENTORY.--For purposes of this subsection, agri- 24 cultural products shipped from the inventory of the 25 Corporation shall be valued as provided in section OST-2025-1200 Page 00485 Sierra Club v. Dept. of Transp. - 3:25-cv-06221 SC_EVERSPLIT0012166 BOM24567 S6J S.L.C. 115 1 412(d) of the Food for Peace Act (7 U.S.C. 2 1736f(d)). 3 "(c) INTERAGENCY AGREEMENT.- 4 "(1) IN GENERAL.--By not later than 180 days 5 after the date of enactment of the SHIPS for Amer- 6 ica Act of 2024, the Secretary of Transportation 7 shall enter into an interagency agreement with the 8 head of each agency entitled to reimbursement under 9 subsection (b)(1). 10 "(2) CONTENTS.--Each interagency agreement 11 shall include- 12 "(A) an explanation of the process the 13 agency shall follow to receive a reimbursement 14 from the Secretary of Transportation under this 15 section; 16 "(B) a standard methodology for calcu- 17 lating the reimbursement an agency is entitled 18 to under this section; and 19 "(C) deadlines- 20 "(i) by which an agency shall submit 21 a reimbursement request in order to re- 22 ceive reimbursement; and 23 "(ii) by which the Secretary of Trans- 24 portation shall approve a properly filed re- 25 imbursement request, which date shall not OST-2025-1200 Page 00486 Sierra Club v. Dept. of Transp. - 3:25-cv-06221 SC_EVERSPLIT0012167