Source: https://www.law.cornell.edu/uscode/text/7/7235
Timestamp: 2016-07-27 07:21:46
Document Index: 761262398

Matched Legal Cases: ['§ 7235', '§\u202f135', '§\u202f206', '§\u202f1205', '§\u202f1205', '§\u202f1205', '§\u202f206', '§\u202f206', '§\u202f206']

7 U.S. Code § 7235 - Loan deficiency payments | US Law | LII / Legal Information Institute
(a) Availability of loan deficiency paymentsExcept as provided in subsection (d), the Secretary may make loan deficiency payments available to—
(b) ComputationA loan deficiency payment under this section shall be computed by multiplying—
the loan payment rate determined under subsection (c) for the loan commodity; by
(c) Loan payment rateFor purposes of this section, the loan payment rate shall be the amount by which—
(g) Effective date for payment rate determinationFor the 2001 crop year, the Secretary shall determine the amount of the loan deficiency payment to be made under this section to the producers on a farm with respect to a quantity of a loan commodity using the payment rate in effect under subsection (c) as of the earlier of the following:
(Pub. L. 104–127, title I, § 135, Apr. 4, 1996, 110 Stat. 909; Pub. L. 106–224, title II, § 206, June 20, 2000, 114 Stat. 405; Pub. L. 107–171, title I, § 1205(f)(2), May 13, 2002, 116 Stat. 159.)
2002—Subsec. (a)(2). Pub. L. 107–171, § 1205(f)(2)(A), substituted “2000 and 2001 crop years” for “2000 crop year”.
Subsec. (g). Pub. L. 107–171, § 1205(f)(2)(B), added subsec. (g).
2000—Subsec. (a). Pub. L. 106–224, § 206(a), designated existing provisions as par. (1) and added par. (2).
Subsec. (b)(2). Pub. L. 106–224, § 206(b), substituted “produced by the eligible producers, excluding any quantity for which the producers obtain a loan under section 7231 of this title.” for “that the producers on a farm are eligible to place under loan but for which the producers forgo obtaining the loan in return for payments under this section.”
Subsecs. (e), (f). Pub. L. 106–224, § 206(c), added subsecs. (e) and (f).