Title 7 — Agriculture
Chapter 106 — Commodity Programs
§ 7933. Term of loans
Statutory text
Term of loan
In the case of each loan commodity, a marketing assistance loan under section 7931 of this title shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made.
Extensions prohibited
The Secretary may not extend the term of a marketing assistance loan for any loan commodity.
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.
Pub. L. 107–171 title I § 1203 · 116 Stat. 134
Enacted · 7 U.S.C. § 7933
(Pub. L. 107–171, title I, § 1203, May 13, 2002, 116 Stat. 156.)
Source evidence
Code source credit
(Pub. L. 107–171, title I, § 1203, May 13, 2002, 116 Stat. 156.)Enacted provision · exact public law section
SEC. 1203. TERM OF LOANS. (a) Term of Loan.— In the case of each loan commodity, a marketing assistance loan under section 1201 shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made. (b) Extensions Prohibited.— The Secretary may not extend the term of a marketing assistance loan for any loan commodity.
1 of 1 references resolved to an enrolled provision