7 U.S.C. § 8758 — Adjustments of loans
submitted 18 years ago by Pub. L. 110-234 to r/title-7-AGRICULTURE · 163 words · no verdicts yet
The Secretary may adjust peanut loan rates for differences like grade, type, quality, and location. Adjustments should keep the overall average loan level equal to the level this law otherwise sets. County-level loan rates cannot go below 95% of the national average, and cannot raise the national average.
The Secretary may make appropriate adjustments in the loan rates for peanuts for differences in grade, type, quality, location, and other factors.
The adjustments under subsection (a) shall, to the maximum extent practicable, be made in such a manner that the average loan level for peanuts will, on the basis of the anticipated incidence of the factors, be equal to the level of support determined in accordance with this subchapter and subtitles B, D, and E.
Subject to paragraph (2), the Secretary may establish loan rates for a crop of peanuts for producers in individual counties in a manner that results in the lowest loan rate being 95 percent of the national average loan rate, if those loan rates do not result in an increase in outlays.
Adjustments under this subsection shall not result in an increase in the national average loan rate for any year.
Source credit: (Pub. L. 110–234, title I, § 1308, May 22, 2008, 122 Stat. 977; Pub. L. 110–246, § 4(a), title I, § 1308, June 18, 2008, 122 Stat. 1664, 1705.)
- 2008Enacted · Pub. L. 110-234 · 122 Stat. 977
- 2008Amended · Pub. L. 110-246 · 122 Stat. 1664, 1705
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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