§ 7213. — Amounts available for contract payments.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC7213]
TITLE 7--AGRICULTURE
CHAPTER 100--AGRICULTURAL MARKET TRANSITION
SUBCHAPTER II--PRODUCTION FLEXIBILITY CONTRACTS
Sec. 7213. Amounts available for contract payments
(a) Fiscal year amounts
The Secretary shall, to the maximum extent practicable, expend the
following amounts to satisfy the obligations of the Secretary under all
contracts:
(1) For fiscal year 1996, $5,570,000,000.
(2) For fiscal year 1997, $5,385,000,000.
(3) For fiscal year 1998, $5,800,000,000.
(4) For fiscal year 1999, $5,603,000,000.
(5) For fiscal year 2000, $5,130,000,000.
(6) For fiscal year 2001, $4,130,000,000.
(7) For fiscal year 2002, $4,008,000,000.
(b) Allocation
The amount made available for a fiscal year under subsection (a) of
this section shall be allocated as follows:
(1) For wheat, 26.26 percent.
(2) For corn, 46.22 percent.
(3) For grain sorghum, 5.11 percent.
(4) For barley, 2.16 percent.
(5) For oats, 0.15 percent.
(6) For upland cotton, 11.63 percent.
(7) For rice, 8.47 percent.
(c) Adjustment
The Secretary shall adjust the amounts allocated for each contract
commodity under subsection (b) of this section for a particular fiscal
year by--
(1) adding an amount equal to the sum of all repayments of
deficiency payments required under section 114(a)(2) of the
Agricultural Act of 1949 (7 U.S.C. 1445j(a)(2)) for the commodity;
(2) adding an amount equal to the sum of all refunds of contract
payments received during the preceding fiscal year under section
7216 of this title for the commodity; and
(3) subtracting an amount equal to the amount, if any, necessary
during that fiscal year to satisfy payment requirements for the
commodity under sections 103B, 105B, or 107B of the Agricultural Act
of 1949 for the 1994 and 1995 crop years.
(d) Additional rice allocation
In addition to the adjustments required under subsection (c) of this
section, the amount allocated under subsection (b) of this section for
rice contract payments shall be increased by $8,500,000 for each of
fiscal years 1997 through 2002.
(e) Exclusion of certain amounts from contract payments
Any amount added pursuant to paragraphs (1) and (2) of subsection
(c) of this section to the amount available under subsection (a) of this
section for a fiscal year and paid to owners and producers under a
contract shall not be treated as a contract payment for purposes of
section 7215 of this title or section 1308(1) \1\ of this title.
However, the amount of a payment covered by this subsection may not
exceed $50,000 per person.
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\1\ See References in text below.
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(f) Effect of payment limitation
The amount available under subsection (a) of this section for a
fiscal year shall be reduced by an amount equal to the total amount of
contract payments for the fiscal year that owners and producers forgo as
a result of operation of the payment limitation under section 1308(1)
\1\ of this title.
(Pub. L. 104-127, title I, Sec. 113, Apr. 4, 1996, 110 Stat. 900.)
References in Text
Sections 103B, 105B, and 107B of the Agricultural Act of 1949,
referred to in subsec. (c)(3), were classified to sections 1444-2,
1444f, and 1445b-3a, respectively, of this title prior to repeal by
section 7301(b)(2)(A)-(D) of this title.
Section 1308(1) of this title, referred to in subsecs. (e), (f), was
repealed by Pub. L. 107-171, title I, Sec. 1603(a), May 13, 2002, 116
Stat. 213.
Section Referred to in Other Sections
This section is referred to in sections 7214, 7334, 7917 of this
title.
