2015 US Code
Title 7 - Agriculture (Sections 1 - 9097)
Chapter 100 - Agricultural Market Transition (Sections 7201 - 7334)
Subchapter III - Nonrecourse Marketing Assistance Loans and Loan Deficiency Payments (Sections 7231 - 7237)
Sec. 7233 - Term of loans
| Publication Title | United States Code, 2012 Edition, Supplement 3, Title 7 - AGRICULTURE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 7 - AGRICULTURE CHAPTER 100 - AGRICULTURAL MARKET TRANSITION SUBCHAPTER III - NONRECOURSE MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS Sec. 7233 - Term of loans |
| Contains | section 7233 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 104-127, title I, §133, Apr. 4, 1996, 110 Stat. 907. |
| Statutes at Large Reference | 110 Stat. 907 |
| Public and Private Law | Public Law 104-127 |
Download PDF
In the case of each loan commodity (other than upland cotton or extra long staple cotton), a marketing assistance loan under section 7231 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.
(b) Special rule for cottonA marketing assistance loan for upland cotton or extra long staple cotton shall have a term of 10 months beginning on the first day of the month in which the loan is made.
(c) Extensions prohibitedThe Secretary may not extend the term of a marketing assistance loan for any loan commodity.
(Pub. L. 104–127, title I, §133, Apr. 4, 1996, 110 Stat. 907.)
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.
