§ 1471h. — Ineligibility.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC1471h]
TITLE 7--AGRICULTURE
CHAPTER 35A--PRICE SUPPORT OF AGRICULTURAL COMMODITIES
SUBCHAPTER V--EMERGENCY LIVESTOCK FEED ASSISTANCE ACT OF 1988
Sec. 1471h. Ineligibility
(a) Any person that has qualifying gross revenues in excess of
$2,500,000 annually, as determined by the Secretary, shall not be
eligible to receive any livestock emergency benefits under this
subchapter.
(b) For purposes of this section, the term ``qualifying gross
revenue'' means--
(1) if a majority of the person's annual income is received from
farming and ranching operations, the gross revenue from the person's
farming and ranching operations; and
(2) if less than a majority of the person's annual income is
received from farming and ranching operations, the person's gross
revenue from all sources.
(Oct. 31, 1949, ch. 792, title VI, Sec. 610, as added Pub. L. 100-387,
title I, Sec. 101(a), Aug. 11, 1988, 102 Stat. 931.)
Effective Date
Section effective 15 days after Aug. 11, 1988, see section 101(c)(1)
of Pub. L. 100-387, set out as an Effective and Termination Dates of
1988 Amendment note under section 1427 of this title.
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)(12)
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)(L) of this
title.
