§ 1425a. Producers of honey; loan obligations and liabilities

Footnotes

1. 1 See References in Text note below.

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.

1. 1949

   Rural Development, Agriculture, and Related Agencies Appropriations Act, 1989

   Pub. L. 100–460 title VI § 634(b) · 102 Stat. 2229

   Enacted · 7 U.S.C. § 1425a

   Oct. 31, 1949, ch. 792, title IV, § 405A, as added Pub. L. 100–460, title VI, § 634(b), Oct. 1, 1988, 102 Stat. 2263

   Source evidence

   Code source credit
   Oct. 31, 1949, ch. 792, title IV, § 405A, as added Pub. L. 100–460, title VI, § 634(b), Oct. 1, 1988, 102 Stat. 2263

   Enacted provision · exact public law section
   (b) The Agricultural Act of 1949 is amended by inserting after section 405 the following new section: “Sec. 405A. (a) A producer of honey may satisfy the producer’s Loans. 7 USC 1425a. obligation to repay a loan, or a portion of a loan, made to the producer under section 201(b) of this Act by forfeiting the collateral for the loan, or portion of the loan, only if the value of the collateral forfeited, when taken together with the value of the collateral forfeited on any other loan or loans of the producer for such crop of honey under section 201(b), does not exceed $250,000: Provided, however, That the loan forfeiture limitation provided by this section shall not be applicable for any crop year for which the Secretary does not permit producers of honey to repay the price support loans at a level determined under section 201(b)(2)(B). “(b) The producer of honey shall be personally liable for the repayment of a loan or loans made to the producer under the program for the crop of honey involved, with respect to that portion of the loan or loans for which satisfaction of the loan by forfeiture, as provided in subsection (a), is prohibited. “(c) The loan contracts of the Commodity Credit Corporation Contracts. entered into with producers of honey shall clearly indicate the extent to which a producer of honey may be personally liable for repayment of a loan under this section. “(d) The Commodity Credit Corporation may issue such regulations as the Corporation deems necessary to carry out this section.”.

2. 1990

   Options Pilot Program Act of 1990

   Pub. L. 101–624 § 1161(d) · 104 Stat. 3359

   Substituted · 7 U.S.C. § 1425a(a)

   Pub. L. 101–624, § 1161(d), substituted references to sections 1446h and 1446h(b)(2) of this title for references to sections 1446(b) and 1446(b)(2)(B) of this title, respectively

   Source evidence

   Code amendment note
   Subsec. (a). Pub. L. 101–624, § 1161(d), substituted references to sections 1446h and 1446h(b)(2) of this title for references to sections 1446(b) and 1446(b)(2)(B) of this title, respectively.

   Enacted provision · exact public law section
   (d) Honey.— Section 405A(a) of the Agricultural Act of 1949 (7 U.S.C. 1425a(a)) is amended— (1) by striking “section 201(b) of this Act” and inserting “section 207”; and (2) by striking “section 201(b)(2)(B)” and inserting “section 207(b)(2)”.

   Effective date note
   Amendment by Pub. L. 101–624 effective beginning with 1991 crop of an agricultural commodity, with provision for prior crops, see section 1171 of Pub. L. 101–624, set out as a note under section 1421 of this title.

3. 1990

   Food, Agriculture, Conservation, and Trade Act of 1990

   Pub. L. 101–624 § 1002(1) · 104 Stat. 3359

   Substituted · 7 U.S.C. § 1425a(a)

   Pub. L. 101–624, § 1002(1), substituted “person for such crop of honey under section 1446h of this title, does not exceed $200,000 in the 1991 crop year, $175,000 in the 1992 crop year, $150,000 in the 1993 crop year, and $125,000 in each of the 1994 and subsequent crop years” for “producer for such crop of honey under section 1446(b) of this title, does not exceed $250,000”

   Target inherited from the preceding amendment note.

   Source evidence

   Code amendment note
   Pub. L. 101–624, § 1002(1), substituted “person for such crop of honey under section 1446h of this title, does not exceed $200,000 in the 1991 crop year, $175,000 in the 1992 crop year, $150,000 in the 1993 crop year, and $125,000 in each of the 1994 and subsequent crop years” for “producer for such crop of honey under section 1446(b) of this title, does not exceed $250,000”.

   Enacted provision · exact public law section
   (1) in subsection (a), by striking “producer for such crop of honey under section 201(b), does not exceed $250,000” and inserting “person for such crop of honey under section 207, does not exceed $200,000 in the 1991 crop year, $175,000 in the 1992 crop year, $150,000 in the 1993 crop year, and $125,000 in each of the 1994 and subsequent crop years”; and

   Effective date note
   Amendment by Pub. L. 101–624 effective beginning with 1991 crop of an agricultural commodity, with provision for prior crops, see section 1171 of Pub. L. 101–624, set out as a note under section 1421 of this title.

4. 1990

   Food, Agriculture, Conservation, and Trade Act of 1990

   Pub. L. 101–624 § 1002(2) · 104 Stat. 3359

   Inserted · 7 U.S.C. § 1425a(d)

   Pub. L. 101–624, § 1002(2), inserted provisions requiring that the regulations issued pursuant to this subsection provide for the attribution of the value of collateral forfeited on loans described in subsec. (a)

   Source evidence

   Code amendment note
   Subsec. (d). Pub. L. 101–624, § 1002(2), inserted provisions requiring that the regulations issued pursuant to this subsection provide for the attribution of the value of collateral forfeited on loans described in subsec. (a).

   Enacted provision · exact public law section
   (2) in subsection (d), by adding at the end the following new sentence: “The regulations shall provide for the attribution of the value of collateral forfeited on loans described in subsection (a).”.

   Effective date note
   Amendment by Pub. L. 101–624 effective beginning with 1991 crop of an agricultural commodity, with provision for prior crops, see section 1171 of Pub. L. 101–624, set out as a note under section 1421 of this title.

4 of 4 references resolved to an enrolled provision