§ 7282. — Adjustments of 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: 7USC7282]
TITLE 7--AGRICULTURE
CHAPTER 100--AGRICULTURAL MARKET TRANSITION
SUBCHAPTER V--ADMINISTRATION
Sec. 7282. Adjustments of loans
(a) Adjustment authority
The Secretary may make appropriate adjustments in the loan rates for
any commodity for differences in grade, type, quality, location, and
other factors.
(b) Manner of adjustment
The adjustments under the authority of this section shall, to the
maximum extent practicable, be made in such manner that the average loan
level for the commodity will, on the basis of the anticipated incidence
of the factors, be equal to the level of support determined as provided
in this chapter and title I of the Farm Security and Rural Investment
Act of 2002 [7 U.S.C. 7901 et seq.].
(c) Adjustment on county basis
The Secretary may establish loan rates for a crop for producers in
individual counties in a manner that results in the lowest such rate
being 95 percent of the national average loan rate, except that such
action shall not result in an increase in outlays. Adjustments under
this subsection shall not result in an increase in the national average
loan rate for any year.
(Pub. L. 104-127, title I, Sec. 162, Apr. 4, 1996, 110 Stat. 935; Pub.
L. 107-171, title I, Sec. 1606, May 13, 2002, 116 Stat. 218.)
References in Text
For definition of ``this chapter'', referred to in subsec. (b), see
note set out under section 7201 of this title.
The Farm Security and Rural Investment Act of 2002, referred to in
subsec. (b), is Pub. L. 107-171, May 13, 2002, 116 Stat. 134. Title I of
the Act is classified principally to chapter 106 (Sec. 7901 et seq.) of
this title. For complete classification of this Act to the Code, see
Short Title note under section 7901 of this title and Tables.
Amendments
2002--Subsec. (b). Pub. L. 107-171 substituted ``this chapter and
title I of the Farm Security and Rural Investment Act of 2002'' for
``this chapter''.
