§ 1433c. — Advance recourse commodity loans.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC1433c]
TITLE 7--AGRICULTURE
CHAPTER 35A--PRICE SUPPORT OF AGRICULTURAL COMMODITIES
SUBCHAPTER I--GENERAL PROVISIONS
Sec. 1433c. Advance recourse commodity loans
Notwithstanding any other provision of this Act, the Secretary may
make advance recourse loans available to producers of the commodities of
the 1986 through 1990 crops for which nonrecourse loans are made
available under this Act if the Secretary finds that such action is
necessary to ensure that adequate operating credit is available to
producers. Such recourse loans may be made available under such
reasonable terms and conditions as the Secretary may prescribe, except
that the Secretary shall require that a producer obtain crop insurance
for the crop as a condition of eligibility for a loan.
(Oct. 31, 1949, ch. 792, title IV, Sec. 424, as added Pub. L. 99-198,
title X, Sec. 1003, Dec. 23, 1985, 99 Stat. 1447.)
References in Text
This Act, referred to in text, is act Oct. 31, 1949, ch. 792, 63
Stat. 1051, as amended, known as the Agricultural Act of 1949, which is
classified principally to this chapter (Sec. 1421 et seq.). For complete
classification of this Act to the Code, see Short Title note set out
under section 1421 of this title and Tables.
Effective and Termination Dates
Section 1003 of Pub. L. 99-198 provided that this section is
effective for the 1986 through 1990 crops.
Inapplicability of Section
Section 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.
Section Referred to in Other Sections
This section is referred to in section 1433c-1 of this title.
