2013 US Code
Title 7 - Agriculture
Chapter 35A - PRICE SUPPORT OF AGRICULTURAL COMMODITIES (§§ 1421 - 1472)
Subchapter I - GENERAL PROVISIONS (§§ 1421 - 1435)
Section 1425a - Producers of honey; loan obligations and liabilities
Publication Title | United States Code, 2012 Edition, Supplement 1, Title 7 - AGRICULTURE |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 7 - AGRICULTURE CHAPTER 35A - PRICE SUPPORT OF AGRICULTURAL COMMODITIES SUBCHAPTER I - GENERAL PROVISIONS Sec. 1425a - Producers of honey; loan obligations and liabilities |
Contains | section 1425a |
Date | 2013 |
Laws in Effect as of Date | January 16, 2014 |
Positive Law | No |
Disposition | standard |
Source Credit | Oct. 31, 1949, ch. 792, title IV, §405A, as added Pub. L. 100-460, title VI, §634(b), Oct. 1, 1988, 102 Stat. 2263; amended Pub. L. 101-624, title X, §1002, title XI, §1161(d), Nov. 28, 1990, 104 Stat. 3490, 3521. |
Statutes at Large References | 102 Stat. 2263 104 Stat. 3490 107 Stat. 1081 108 Stat. 2469 109 Stat. 331 110 Stat. 938 |
Public Law References | Public Law 100-460, Public Law 101-624, Public Law 103-111, Public Law 103-330, Public Law 104-37, Public Law 104-127 |
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A producer of honey may satisfy the producer's obligation to repay a loan, or a portion of a loan, made to the producer under section 1446h 1 of this title by forfeiting the collateral for the loan, or portion of the loan, only if the value of the collateral forfeited, when taken together with the value of the collateral forfeited on any other loan or loans of the person for such crop of honey under section 1446h 1 of this title, does not exceed $200,000 in the 1991 crop year, $175,000 in the 1992 crop year, $150,000 in the 1993 crop year, and $125,000 in each of the 1994 and subsequent crop years: Provided, however, That the loan forfeiture limitation provided by this section shall not be applicable for any crop year for which the Secretary does not permit producers of honey to repay the price support loans at a level determined under section 1446h(b)(2) 1 of this title.
(b) Liability for nonforfeitable part of obligationThe producer of honey shall be personally liable for the repayment of a loan or loans made to the producer under the program for the crop of honey involved, with respect to that portion of the loan or loans for which satisfaction of the loan by forfeiture, as provided in subsection (a) of this section, is prohibited.
(c) Extent of personal liabilityThe loan contracts of the Commodity Credit Corporation entered into with producers of honey shall clearly indicate the extent to which a producer of honey may be personally liable for repayment of a loan under this section.
(d) Promulgation of regulationsThe Commodity Credit Corporation may issue such regulations as the Corporation deems necessary to carry out this section. The regulations shall provide for the attribution of the value of collateral forfeited on loans described in subsection (a) of this section.
(Oct. 31, 1949, ch. 792, title IV, §405A, as added Pub. L. 100–460, title VI, §634(b), Oct. 1, 1988, 102 Stat. 2263; amended Pub. L. 101–624, title X, §1002, title XI, §1161(d), Nov. 28, 1990, 104 Stat. 3490, 3521.)
REFERENCES IN TEXTSection 1446h of this title, referred to in subsec. (a), was repealed by Pub. L. 104–127, title I, §171(b)(2)(H), Apr. 4, 1996, 110 Stat. 938.
AMENDMENTS1990—Subsec. (a). Pub. L. 101–624, §1161(d), substituted references to sections 1446h and 1446h(b)(2) of this title for references to sections 1446(b) and 1446(b)(2)(B) of this title, respectively.
Pub. L. 101–624, §1002(1), substituted "person for such crop of honey under section 1446h of this title, does not exceed $200,000 in the 1991 crop year, $175,000 in the 1992 crop year, $150,000 in the 1993 crop year, and $125,000 in each of the 1994 and subsequent crop years" for "producer for such crop of honey under section 1446(b) of this title, does not exceed $250,000".
Subsec. (d). Pub. L. 101–624, §1002(2), inserted provisions requiring that the regulations issued pursuant to this subsection provide for the attribution of the value of collateral forfeited on loans described in subsec. (a).
EFFECTIVE DATE OF 1990 AMENDMENTAmendment by Pub. L. 101–624 effective beginning with 1991 crop of an agricultural commodity, with provision for prior crops, see section 1171 of Pub. L. 101–624, set out as a note under section 1421 of this title.
INAPPLICABILITY OF SECTIONSection inapplicable to 2002 through 2007 crops of covered commodities, peanuts, and sugar and inapplicable to milk during period beginning May 13, 2002, through Dec. 31, 2007, see section 7992(b)(10) of this title.
Section inapplicable to 1996 through 2002 crops of loan commodities, peanuts, and sugar and inapplicable to milk during period beginning Apr. 4, 1996, and ending Dec. 31, 2002, see section 7301(b)(1)(J) of this title.
PROHIBITION ON USE OF FUNDS FOR HONEY PAYMENTS OR LOAN FORFEITURESPub. L. 104–37, title VII, §718, Oct. 21, 1995, 109 Stat. 331, provided that none of the funds appropriated or otherwise made available by Pub. L. 104–37 were to be used by the Secretary of Agriculture to provide total amount of payments and/or total amount of loan forfeitures to a person to support the price of honey under this section or former section 1446h of this title in excess of zero dollars in the 1994, 1995, and 1996 crop years.
Similar provisions were contained in the following prior appropriation acts:
Pub. L. 103–330, title VII, §723, Sept. 30, 1994, 108 Stat. 2469.
Pub. L. 103–111, title VII, §728, Oct. 21, 1993, 107 Stat. 1081.
1 See References in Text note below.
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