§ 7282. Adjustments of loans

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. 1996

   Agricultural Market Transition Act

   Pub. L. 104–127 title I § 162 · 110 Stat. 888

   Enacted · 7 U.S.C. § 7282

   Pub. L. 104–127, title I, § 162, Apr. 4, 1996, 110 Stat. 935

   Source evidence

   Code source credit
   Pub. L. 104–127, title I, § 162, Apr. 4, 1996, 110 Stat. 935

   Enacted provision · exact public law section
   SEC. 162. ADJUSTMENTS OF LOANS. (a) Adjustment Authority.— The Secretary may make appropriate adjustments in the loan rates for any commodity for differences in grade, type, quality, location, and other factors. (b) Manner of Adjustment.— The adjustments under the authority of this section shall, to the maximum extent practicable, be made in such manner that the average loan level for the commodity will, on the basis of the anticipated incidence of the factors, be equal to the level of support determined as provided in this title. (c) Adjustment on County Basis.— The Secretary may establish loan rates for a crop for producers in individual counties in a manner that results in the lowest such rate being 95 percent of the national average loan rate, except that such action shall not result in an increase in outlays. Adjustments under this subsection shall not result in an increase in the national average loan rate for any year.

2. 2002

   Pub. L. 107–171 title I § 1606 · 116 Stat. 134

   Substituted · 7 U.S.C. § 7282(b)

   Pub. L. 107–171 substituted “this chapter and title I of the Farm Security and Rural Investment Act of 2002” for “this chapter”

   Source evidence

   Code amendment note
   Subsec. (b). Pub. L. 107–171 substituted “this chapter and title I of the Farm Security and Rural Investment Act of 2002” for “this chapter”.

   Enacted provision · exact public law section
   SEC. 1606. ADJUSTMENTS OF LOANS. Section 162(b) of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7282(b)) is amended by striking “this title” and inserting “this title and title I of the Farm Security and Rural Investment Act of 2002”.

2 of 2 references resolved to an enrolled provision