§ 8733. Term of loans

Statutory text

Term of loan

In the case of each loan commodity, a marketing assistance loan under section 8731 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.

2008
Pub. L. 110–234 title I § 1203 · 122 Stat. 923
Enacted · 7 U.S.C. § 8733
Pub. L. 110–234, title I, § 1203, May 22, 2008, 122 Stat. 956
Source evidence
Code source credit
Pub. L. 110–234, title I, § 1203, May 22, 2008, 122 Stat. 956
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

Editorial Notes

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 L. 110–234 was repealed by section 4(a) of Pub.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 May 22, 2008, 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, § 1203, May 22, 2008, 122 Stat. 956
2008Pub. L. 110–246, § 4(a), title I, § 1203, June 18, 2008, 122 Stat. 1664, 1684.

Show as published

(Pub. L. 110–234, title I, § 1203, May 22, 2008, 122 Stat. 956; Pub. L. 110–246, § 4(a), title I, § 1203, June 18, 2008, 122 Stat. 1664, 1684.)