Sec. 1202. Repayment rates for upland cotton, long grain rice, and medium grain rice
212 words·~1 min read·
/bill/118/hr/8467/ih/section-1202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1204 of the Agricultural Act of 2014 ( 7 U.S.C. 9034 ) is amended— in subsection (b), in the matter preceding paragraph (1), by inserting (subject to subsection (j)) after section 1201 for upland cotton ; and in subsection (d)— by redesignating paragraph
(2)as paragraph (3); and by inserting after paragraph
(1)the following: a formula to determine the prevailing world market price for upland cotton that, during any period which price quotations for Middling
(M)one and three-thirty-second inch cotton are available, is based on the average of the 3 lowest-priced growths that are quoted; and . Section 1204 of the Agricultural Act of 2014 ( 7 U.S.C. 9034 ) is further amended by adding at the end the following: In the case of a marketing assistance loan under section 1201 for upland cotton that is repaid by a producer on or after the date of the enactment of this subsection, the Secretary shall provide a reimbursement to such producer in an amount equal to the difference obtained by subtracting— the amount the producer would have paid under such loan using the lowest prevailing world market price during the 30-day period beginning on the date on which such loan was repaid, from the amount repaid by the producer. .
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 1202
Repayment rates for upland cotton, long grain rice, and medium grain rice
Cites 1Cited by 0 across 0 sources