§ 7231. Availability of nonrecourse marketing assistance loans
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/usc/title-7/section-7231A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Nonrecourse loans available For each of the 1996 through 2002 crops of each loan commodity, the Secretary shall make available to producers on a farm nonrecourse marketing assistance loans for loan commodities produced on the farm. The loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under section 7232 of this title for the loan commodity.
(b)Eligible production The following production shall be eligible for a marketing assistance loan under subsection (a):
(1)In the case of a marketing assistance loan for a contract commodity, any production by a producer on a farm containing eligible cropland covered by a production flexibility contract.
(2)In the case of a marketing assistance loan for extra long staple cotton and oilseeds, any production.
(c)Compliance with conservation and wetlands requirements As a condition of the receipt of a marketing assistance loan under subsection (a), the producer shall comply with applicable conservation requirements under subtitle B of title XII of the Food Security Act of 1985 (16 U.S.C. 3811 et seq.) and applicable wetland protection requirements under subtitle C of title XII of the Act (16 U.S.C. 3821 et seq.) during the term of the loan.
(d)Additional outlays prohibited The Secretary shall carry out this subchapter in such a manner that there are no additional outlays under this subchapter as a result of the reconstitution of a farm that occurs as a result of the combination of another farm that does not contain eligible cropland covered by a production flexibility contract.
(Pub. L. 104–127, title I, § 131, Apr. 4, 1996, 110 Stat. 905.)
Connections48 cite this · traces to 4
Cited by 48 sections · top 24
U.S. Code
- § 7931Availability of nonrecourse marketing assistance loans for loan commodities
- § 7235Loan deficiency payments
- § 7234Repayment of loans
- § 7237Availability of recourse loans for high moisture feed grains and seed cotton and other fibers
- § 7934Repayment of loans
- § 7232Loan rates for marketing assistance loans
- § 8001Producer retention of erroneously paid loan deficiency payments and marketing loan gains
- § 3720BBarring delinquent Federal debtors from obtaining Federal loans or loan insurance guarantees
- § 7233Term of loans
statute-compilations
- Sec. 804OILSEEDS
- Sec. 1201AVAILABILITY OF NONRECOURSE MARKETING ASSISTANCE LOANS FOR LOAN COMMODITIES
- Sec. 838Notwithstanding any other provision of law, the Secretary shall extend until the date that is 60 days after the date of enactment of this Act the final eligibility date for marketing assistance loans and loan deficiency payments under subtitle C of the Agricultural Market Transition Act (7 U.S.C. 7231 et seq.) for rice of special grade designations, as determined by the Secretary, that was made eligible for the loans by the Secretary during December 1999; and for which producers were not notified of the eligibility period for the loans: *Provided*, That producers on a farm that lost a beneficial interest in rice after the date on which the rice was made ineligible for loans and loan deficiency payments by the Secretary shall be eligible to obtain loan deficiency payments based on the payment rate that was in effect on the last date of eligibility for the loans before the date of enactment of this Act: *Provided further*, That the entire amount necessary to carry out this section shall be available only to the extent that an official budget request for the entire amount, that includes designation of the entire amount of the request as an emergency requirement as defined in the Balanced Budget and Emergency Deficit Control Act of 1985, as amended, is transmitted by the President to the Congress: *Provided further*, That the entire amount is designated by the Congress as an emergency requirement pursuant to section 251(b)(2)(A) of such Act.
- Sec. 202OILSEEDS
- Sec. 1204REPAYMENT OF LOANS
- Sec. 205PAYMENTS IN LIEU OF LOAN DEFICIENCY PAYMENTS
- Sec. 1618PRODUCER RETENTION OF ERRONEOUSLY PAID LOAN DEFICIENCY PAYMENTS AND MARKETING LOAN GAINS
statutes-at-large
- Public Law 106–224To amend the Federal Crop Insurance Act to strengthen the safety net for agricultural producers by providing greater access to more affordable risk management tools and improved protection from production and income loss, to improve the efficiency and integrity of the Federal crop insurance program
- Public Law 480
- Public Law 106–387Making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2001, and for other purposes
- Public Law 107–171To provide for the continuation of agricultural programs through fiscal year 2007, and for other purposes
- Public Law 106–31Making emergency supplemental appropriations for the fiscal year ending September 30, 1999, and for other purposes
- Public Law 104–127To modify the operation of certain agricultural programs
Traces to 4 documents
4 references not yet in our index
- Pub. L. 104–127, title I, § 131
- 110 Stat. 905
- Pub. L. 99–198
- 99 Stat. 1354
Citation graph
cites case law
§ 7231
Availability of nonrecourse marketing assistance loans
U.S.C.×24
Stat.×11
Stat. Comp.×7
Fed. Reg.×6
Pub. L.Pub. L. 104–127, title I, § 131
Stat.110 Stat. 905
Pub. L.Pub. L. 99–198
Stat.99 Stat. 1354
Cites 8Cited by 48 across 4 sources