Pub. L. 104-127, tit. I, subtit. C, sec. 131 (as amended)
AVAILABILITY OF NONRECOURSE MARKETING ASSISTANCE LOANS.
SEC. 131. [7 U.S.C. 7231] AVAILABILITY OF NONRECOURSE MARKETING ASSISTANCE LOANS.
(a) Nonrecourse Loans Available.—For each of the 1996 through 2002 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. The loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under section 132 for the loan commodity.
(b) Eligible Production.—The following production shall be eligible for a marketing assistance loan under subsection (a):
(1) In the case of a marketing assistance loan for a contract commodity, any production by a producer on a farm containing eligible cropland covered by a production flexibility contract.
(2) In the case of a marketing assistance loan for extra long staple cotton and oilseeds, any production.
(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 the Act (16 U.S.C. 3821 et seq.) during the term of the loan.
(d) Additional Outlays Prohibited.—The Secretary shall carry out this subtitle in such a manner that there are no additional outlays under this subtitle as a result of the reconstitution of a farm that occurs as a result of the combination of another farm that does not contain eligible cropland covered by a production flexibility contract.
- Cross-references to the US Code
- 7 U.S.C. 7231