Title 7 — Agriculture
Chapter 113 — Agricultural Commodity Support Programs
§ 8731. Availability of nonrecourse marketing assistance loans for loan commodities
Statutory text
Nonrecourse loans available
Availability
For each of the 2008 through 2012 crops of each loan commodity, the Secretary shall make available to producers on a farm nonrecourse marketing assistance loans for loan commodities produced on the farm.
Terms and conditions
The marketing assistance loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under section 8732 of this title for the loan commodity.
Eligible production
The producers on a farm shall be eligible for a marketing assistance loan under subsection (a) for any quantity of a loan commodity produced on the farm.
Compliance with conservation and wetlands requirements
As a condition of the receipt of a marketing assistance loan under subsection (a), the producer shall comply with applicable conservation requirements under subtitle B of title XII of the Food Security Act of 1985 (16 U.S.C. 3811 et seq.) and applicable wetland protection requirements under subtitle C of title XII of that Act (16 U.S.C. 3821 et seq.) during the term of the loan.
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. 110–234 title I § 1201 · 122 Stat. 923
Enacted · 7 U.S.C. § 8731
Pub. L. 110–234, title I, § 1201, May 22, 2008, 122 Stat. 953
Source evidence
Code source credit
Pub. L. 110–234, title I, § 1201, May 22, 2008, 122 Stat. 953Enacted provision · exact public law section
SEC. 1201. AVAILABILITY OF NONRECOURSE MARKETING ASSISTANCE LOANS FOR LOAN COMMODITIES. (a) Nonrecourse Loans Available.— (1) Availability.— For each of the 2008 through 2012 crops of each loan commodity, the Secretary shall make available to producers on a farm nonrecourse marketing assistance loans for loan commodities produced on the farm. (2) Terms and conditions.— The marketing assistance loans shall be made under terms and conditions that are prescribed by the Secretary and at the loan rate established under section 1202 for the loan commodity. (b) Eligible Production.— The producers on a farm shall be eligible for a marketing assistance loan under subsection (a) for any quantity of a loan commodity produced on the farm. (c) Compliance With Conservation and Wetlands Requirements.— As a condition of the receipt of a marketing assistance loan under subsection (a), the producer shall comply with applicable conservation requirements under subtitle B of title XII of the Food Security Act of 1985 (16 U.S.C. 3811 et seq.) and applicable wetland protection requirements under subtitle C of title XII of that Act (16 U.S.C. 3821 et seq.) during the term of the loan.
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
The Food Security Act of 1985, referred to in subsec. (c), is Pub. L. 99–198, , 99 Stat. 1354. Subtitles B and C of title XII of the Act are classified generally to subchapters II (§ 3811 et seq.) and III (§ 3821 et seq.), respectively, of chapter 58 of Title 16, Conservation. For complete classification of this Act to the Code, see Short Title of 1985 Amendment note set out under section 1281 of this title and Tables.
Codification
Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.
Statutory Notes and Related Subsidiaries
Effective Date
Enactment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective , the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as a note under section 8701 of this title.
Credits
2008 · 2 acts
- 2008Pub. L. 110–234, title I, § 1201, , 122 Stat. 953
- 2008Pub. L. 110–246, § 4(a), title I, § 1201, , 122 Stat. 1664, 1681.
Show as published
(Pub. L. 110–234, title I, § 1201, , 122 Stat. 953; Pub. L. 110–246, § 4(a), title I, § 1201, , 122 Stat. 1664, 1681.)