Sec. 10012. Budget limitations on renegotiation of the standard reinsurance agreement
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Section 508(k)(8) of the Federal Crop Insurance Act of 1938 ( 7 U.S.C. 1508(k)(8) ) is amended by adding at the end the following new subparagraph: The Board shall ensure that any Standard Reinsurance Agreement negotiated under subparagraph (A)(ii), as compared to the previous Standard Reinsurance Agreement— to the maximum extent practicable, shall be budget neutral; and in no event, may significantly depart from budget neutrality. To the extent that any budget savings is realized in the renegotiation of a Standard Reinsurance Agreement under subparagraph (A)(ii), and the savings are determined not to be a significant departure from budget neutrality under clause (i), the savings shall be used to increase the obligations of the Corporation under subsections (e)(2) or (k)(4) or section 523. .
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Sec. 10012
Budget limitations on renegotiation of the standard reinsurance agreement
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