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7 U.S.C. § 8731Availability of nonrecourse marketing assistance loans for loan commodities

submitted 18 years ago by Pub. L. 110-234 to r/title-7-AGRICULTURE · 180 words · no verdicts yet

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A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a) Nonrecourse loans available
(1) Availability

For each of the 2008 through 2012 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.

(2) Terms and conditions

The marketing assistance loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under section 8732 of this title for the loan commodity.

(b) Eligible production

The producers on a farm shall be eligible for a marketing assistance loan under subsection (a) for any quantity of a loan commodity produced on the farm.

(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 that Act (16 U.S.C. 3821 et seq.) during the term of the loan.

Source credit: (Pub. L. 110–234, title I, § 1201, May 22, 2008, 122 Stat. 953; Pub. L. 110–246, § 4(a), title I, § 1201, June 18, 2008, 122 Stat. 1664, 1681.)

history & why it existsrecord from the source credit
  • 2008Enacted · Pub. L. 110-234 · 122 Stat. 953
  • 2008Amended · Pub. L. 110-246 · 122 Stat. 1664, 1681

A history note hasn’t been published yet. The record shows enactment by Pub. L. 110-234 on 2008-05-22.

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