§ 7233. Term of loans

125 words·~1 min read·/usc/title-7/section-7233

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Term of loan In the case of each loan commodity (other than upland cotton or extra long staple cotton), a marketing assistance loan under section 7231 of this title shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made.

(b)Special rule for cotton A marketing assistance loan for upland cotton or extra long staple cotton shall have a term of 10 months beginning on the first day of the month in which the loan is made.

(c)Extensions prohibited The Secretary may not extend the term of a marketing assistance loan for any loan commodity.

(Pub. L. 104–127, title I, § 133, Apr. 4, 1996, 110 Stat. 907.)

Connections1 cite this · traces to 1

Cited by 1 section

statutes-at-large

Public Law 104–127
To modify the operation of certain agricultural programs

Traces to 1 document

U.S. Code

Availability of nonrecourse marketing assistance loans
§ 7231

2 references not yet in our index

Pub. L. 104–127, title I, § 133
110 Stat. 907

Citation graph

cites case law

§ 7233

Term of loans

Stat.×1

U.S.C.§ 7231

Pub. L.Pub. L. 104–127, title I, § 133

Stat.110 Stat. 907

Cites 3Cited by 1 across 1 source