Sec. 12614. Repair or replacement of fencing; cost share payments
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Section 401 of the Agricultural Credit Act of 1978 ( 16 U.S.C. 2201 ) is amended— by inserting wildfires, after hurricanes, ; by striking the section designation and all that follows through The Secretary of Agriculture and inserting the following: The Secretary of Agriculture (referred to in this title as the Secretary ) ; and by adding at the end the following: With respect to a payment to an agricultural producer under subsection
(a)for the repair or replacement of fencing, the Secretary shall give the agricultural producer the option of receiving not more than 25 percent of the payment, determined by the Secretary based on the applicable percentage of the fair market value of the cost of the repair or replacement, before the agricultural producer carries out the repair or replacement. If the funds provided under paragraph
(1)are not expended by the end of the 60-day period beginning on the date on which the agricultural producer receives those funds, the funds shall be returned within a reasonable timeframe, as determined by the Secretary. . Sections 402, 403, 404, and 405 of the Agricultural Credit Act of 1978 ( 16 U.S.C. 2202 , 2203, 2204, 2205) are amended by striking Secretary of Agriculture each place it appears and inserting Secretary . Section 407(a) of the Agricultural Credit Act of 1978 ( 16 U.S.C. 2206(a) ) is amended by striking paragraph (4). Title IV of the Agricultural Credit Act of 1978 ( 16 U.S.C. 2201 et seq.) is amended by inserting after section 402 the following: Subject to subsections
(b)and (c), the maximum cost-share payment under sections 401 and 402 shall not exceed, 75 percent of the total allowable cost, as determined by the Secretary. Notwithstanding subsection (a), a payment to a limited resource farmer or rancher, a socially disadvantaged farmer or rancher (as defined in 2501(a) of the Food, Agriculture, Conservation, and Trade Act of 1990 ( 7 U.S.C. 2279(a) ), or a beginning farmer or rancher under section 401 or 402 shall not exceed 90 percent of the total allowable cost, as determined by the Secretary. The total payment under sections 401 and 402 for a single event may not exceed 50 percent of the agriculture value of the land, as determined by the Secretary. .
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Sec. 12614
Repair or replacement of fencing; cost share payments
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