§ 7212. Elements of contracts
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/usc/title-7/section-7212A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Time for contracting
(1)Commencement To the extent practicable, the Secretary shall commence entering into contracts not later than 45 days after April 4, 1996.
(2)Deadline Except as provided in paragraph (3), the Secretary may not enter into a contract after August 1, 1996.
(3)Conservation reserve lands
(A)In general At the beginning of each fiscal year, the Secretary shall allow an eligible owner or producer on a farm covered by a conservation reserve contract entered into under section 3831 of title 16 that terminates after the date specified in paragraph
(2)to enter into or expand a production flexibility contract to cover the contract acreage of the farm that was subject to the former conservation reserve contract.
(B)Amount Contract payments made for contract acreage under this paragraph shall be made at the rate and amount applicable to the annual contract payment level for the applicable crop. For the fiscal year in which the conservation reserve contract is terminated, the owner or producer subject to the production flexibility contract may elect to receive either contract payments or a prorated payment under the conservation reserve contract, but not both.
(b)Duration of contract
(1)Beginning date The term of a contract shall begin with—
(A)the 1996 crop of a contract commodity; or
(B)in the case of acreage that was subject to a conservation reserve contract described in subsection (a)(3), the date the production flexibility contract was entered into or expanded to cover the acreage.
(2)Ending date The term of a contract shall extend through the 2002 crop, unless earlier terminated by the owner or producer.
(c)Estimation of contract payments At the time the Secretary enters into a contract, the Secretary shall provide an estimate of the minimum contract payments anticipated to be made during at least the first fiscal year for which contract payments will be made.
(d)Time for payment
(1)In general An annual contract payment shall be made not later than September 30 of each of fiscal years 1996 through 2002.
(2)Advance payments
(A)Fiscal year 1996 At the option of the owner or producer, 50 percent of the contract payment for fiscal year 1996 shall be made not later than 30 days after the date on which the contract is entered into and approved by the Secretary and the owner or producer.
(B)Subsequent fiscal years At the option of the owner or producer for fiscal year 1997 and each subsequent fiscal year, 50 percent of the annual contract payment shall be made on December 15 or January 15 of the fiscal year. The owner or producer may change the date selected under this subparagraph for a subsequent fiscal year by providing advance notice to the Secretary.
(3)Special rule Notwithstanding the requirements for making an annual contract payment specified in paragraphs
(1)and (2), at the option of the owner or producer, the Secretary shall pay the full amount (or such portion as the owner or producer may specify) of the contract payment required to be paid for any of fiscal years 1999 through 2002 at such time or times during that fiscal year as the owner or producer may specify.
(Pub. L. 104–127, title I, § 112, Apr. 4, 1996, 110 Stat. 899; Pub. L. 105–228, § 2, Aug. 12, 1998, 112 Stat. 1516; Pub. L. 106–78, title VIII, § 811, Oct. 22, 1999, 113 Stat. 1181.)
Connections13 cite this · traces to 5
Cited by 13 sections · top 12
U.S. Code
statutes-at-large
- Public Law 105–228To amend the Agricultural Market Transition Act to provide for the advance payment, in full, of the fiscal year 1999 payments otherwise required under production flexibility contracts
- Public Law 107–147To provide tax incentives for economic recovery
- Public Law 480
- Public Law 107–171To provide for the continuation of agricultural programs through fiscal year 2007, and for other purposes
- Public Law 105–276Making appropriations for the Departments of Veterans Affairs and Housing and Urban Development, and for sundry independent agencies, boards, commissions, corporations, and offices for the fiscal year ending September 30, 1999, and for other purposes
- Public Law 106–170To amend the Social Security Act to expand the availability of health care coverage for working individuals with disabilities, to establish a Ticket to Work and Self-Sufficiency Program in the Social Security Administration to provide such individuals with meaningful opportunities to work, and for o
- Public Law 104–127To modify the operation of certain agricultural programs
statute-compilations
14 references not yet in our index
- Pub. L. 104–127, title I, § 112
- 110 Stat. 899
- Pub. L. 105–228, § 2
- 112 Stat. 1516
- Pub. L. 106–78, title VIII, § 811
- 113 Stat. 1181
- Pub. L. 106–78
- Pub. L. 105–228
- Pub. L. 106–170, title V, § 525
- 113 Stat. 1928
- Pub. L. 107–147, title IV, § 417(24)(A)
- 116 Stat. 57
- Pub. L. 105–277, div. J, title II, § 2012
- 112 Stat. 2681–902
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cites case law
§ 7212
Elements of contracts
Stat.×8
U.S.C.×4
Stat. Comp.×1
Pub. L.Pub. L. 104–127, title I, § 112
Stat.110 Stat. 899
Pub. L.Pub. L. 105–228, § 2
Stat.112 Stat. 1516
Pub. L.Pub. L. 106–78, title VIII, § 811
Cites 19 · showing 10Cited by 13 across 3 sources