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7 U.S.C. § 1303 — Parity payments

submitted 88 years ago by ch. 30 to r/title-7-AGRICULTURE · 116 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section authorizes payments to producers of corn, wheat, cotton, and rice when appropriations are available. The payments aim to bring returns as close as possible to parity prices and are additional to other authorized payments.

If and when appropriations are made therefor, the Secretary is authorized and directed to make payments to producers of corn, wheat, cotton, or rice, on their normal production of that commodities in amounts which, together with the proceeds of it, will provide a return to that producers which is as nearly equal to parity price as the funds so made available will permit. All funds available for that payments about these commodities must unless otherwise provided by law, be apportioned to these commodities in proportion to the amount by which each fails to reach the parity income. Such payments must be in addition to and not in substitution for any other payments authorized by law.
the actual law source: uscode.house.gov ↗public domain

If and when appropriations are made therefor, the Secretary is authorized and directed to make payments to producers of corn, wheat, cotton, or rice, on their normal production of such commodities in amounts which, together with the proceeds thereof, will provide a return to such producers which is as nearly equal to parity price as the funds so made available will permit. All funds available for such payments with respect to these commodities shall unless otherwise provided by law, be apportioned to these commodities in proportion to the amount by which each fails to reach the parity income. Such payments shall be in addition to and not in substitution for any other payments authorized by law.

Source credit: (Feb. 16, 1938, ch. 30, title III, § 303, 52 Stat. 45; Pub. L. 108–357, title VI, § 611(g), Oct. 22, 2004, 118 Stat. 1522.)

history & why it existsrecord from the source credit
  • 1938Enacted · Act of Feb. 16, 1938, ch. 30 · 52 Stat. 45
  • 2004Amended · Pub. L. 108-357 · 118 Stat. 1522

A history note hasn’t been published yet. The record shows enactment by ch. 30 on 1938-02-16.

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