§ 1308–5. Treatment of multiyear program contract payments

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Notwithstanding any other provision of law, in the event of a transfer of ownership of land (or an ownership interest in land) by way of devise or descent, the Secretary of Agriculture may, if the new owner succeeds to the prior owner’s contract entered into under title XII, 1 make payments to the new owner under such contract without regard to the amount of payments received by the new owner under any contract entered into under title XII 1 executed prior to such devise or descent.

Payments made pursuant to this section shall not exceed the amount to which the previous owner was entitled to receive under the terms of the contract at the time of the death of the prior owner. ( Pub. L. 99–198, title X, § 1001F , formerly § 1001E, as added Pub. L. 101–624, title XI, § 1111(h) , Nov. 28, 1990 , 104 Stat. 3499 ; renumbered § 1001F, Pub. L. 107–171, title I, § 1604(1) , May 13, 2002 , 116 Stat. 215 .)

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statutes-at-large

Public Law 107–171
To provide for the continuation of agricultural programs through fiscal year 2007, and for other purposes

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Pub. L. 99-198
Pub. L. 101-624
104 Stat. 3499
Pub. L. 107-171
116 Stat. 215
99 Stat. 1504

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§ 1308–5

Treatment of multiyear program contract payments

Stat.×1

Pub. L.Pub. L. 99-198

Pub. L.Pub. L. 101-624

Stat.104 Stat. 3499

Pub. L.Pub. L. 107-171

Stat.116 Stat. 215

Cites 6 · showing 5Cited by 1 across 1 source