HONEY RECOURSE LOANS.

SEC. 1122. [7 U.S.C. 1421 note] HONEY RECOURSE LOANS. (a) In General.—Notwithstanding any other provision of law, in order to assist producers of honey to market their honey in an orderly manner during a period of disastrously low prices, the Secretary shall make available recourse loans to producers of the 1998 crop of honey on fair and reasonable terms and conditions, as determined by the Secretary. (b) Loan Rate.—The loan rate of the loans shall be 85 percent of the average price of honey during the 5-crop year period preceding the 1998 crop year, excluding the crop year in which the average price of honey was the highest and the crop year in which the average price of honey was the lowest in the period. (c) No Net Cost Basis.—Repayment of a loan under this section shall include repayment for interest and administrative costs as necessary to operate the program established under this section on a no net cost basis: Provided, That no administrative costs shall be charged against this program which would have been incurred otherwise.