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7 U.S.C. § 1447 — Price support levels for other nonbasic agricultural commodities

submitted 77 years ago by ch. 792 to r/title-7-AGRICULTURE · 51 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section authorizes price support through loans, purchases, or other operations for nonbasic agricultural commodities not listed in the specified sections. The support may not exceed 90 percent of the commodity’s parity price.

The Secretary may make available through loans, purchases, or other operations price support to producers for any nonbasic agricultural commodity not designated in sections 1446, 1446a, and 1446d of this title at a level not more than 90 percent of the parity price for the commodity.
the actual law source: uscode.house.gov ↗public domain

The Secretary is authorized to make available through loans, purchases, or other operations price support to producers for any nonbasic agricultural commodity not designated in sections 1446, 1446a, and 1446d 1 of this title at a level not in excess of 90 per centum of the parity price for the commodity.

Source credit: (Oct. 31, 1949, ch. 792, title III, § 301, 63 Stat. 1053; Pub. L. 95–113, title X, § 1003(a), Sept. 29, 1977, 91 Stat. 950.)

history & why it existsrecord from the source credit
  • 1949Enacted · Act of Oct. 31, 1949, ch. 792 · 63 Stat. 1053
  • 1977Amended · Pub. L. 95-113 · 91 Stat. 950

A history note hasn’t been published yet. The record shows enactment by ch. 792 on 1949-10-31.

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