Act of Oct. 31, 1949, ch. 792, tit. VI, sec. 610 (as amended)

INELIGIBILITY

Year: 2018Length: 101 wordsOfficial source
INELIGIBILITY Sec. 610. [7 U.S.C. 1471h] (a) Any person that has qualifying gross revenues in excess of $2,500,000 annually, as determined by the Secretary, shall not be eligible to receive any livestock emergency benefits under this title. (b) For purposes of this section, the term “qualifying gross revenue” means— (1) if a majority of the person's annual income is received from farming and ranching operations, the gross revenue from the person's farming and ranching operations; and (2) if less than a majority of the person's annual income is received from farming and ranching operations, the person's gross revenue from all sources.
Cross-references to the US Code
7 U.S.C. 1471h
Act of Oct. 31, 1949, ch. 792, tit. VI, sec. 610 (as amended): INELIGIBILITY | Justis AI