§ 2202a. Cost-share requirement

Statutory text

Cost-share rate

Subject to subsections (b) and (c), the maximum cost-share payment under sections 2201 and 2202 of this title shall not exceed 75 percent of the total allowable cost, as determined by the Secretary.

Exception

Notwithstanding subsection (a), a payment to a limited resource farmer or rancher, a socially disadvantaged farmer or rancher (as defined in subsection (a) of section 2279 of title 7), or a beginning farmer or rancher under section 2201 or 2202 of this title shall not exceed 90 percent of the total allowable cost, as determined by the Secretary.

Limitation

The total payment under sections 2201 and 2202 of this title for a single event may not exceed 50 percent of the agriculture value of the land, as determined by the Secretary.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

2018
Agricultural Credit Act of 1978
Pub. L. 95–334 title IV § 402A · 92 Stat. 420
Enacted · 16 U.S.C. § 2202a
(Pub. L. 95–334, title IV, § 402A, as added Pub. L. 115–334, title II, § 2403(b), Dec. 20, 2018, 132 Stat. 4571.)
Source evidence
Code source credit
(Pub. L. 95–334, title IV, § 402A, as added Pub. L. 115–334, title II, § 2403(b), Dec. 20, 2018, 132 Stat. 4571.)

0 of 1 references resolved to an enrolled provision · 1 partial

Credits

(Pub. L. 95–334, title IV, § 402A, as added Pub. L. 115–334, title II, § 2403(b), Dec. 20, 2018, 132 Stat. 4571.)