§ 7283. — Commodity Credit Corporation interest rate.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC7283]
TITLE 7--AGRICULTURE
CHAPTER 100--AGRICULTURAL MARKET TRANSITION
SUBCHAPTER V--ADMINISTRATION
Sec. 7283. Commodity Credit Corporation interest rate
(a) In general
Notwithstanding any other provision of law, the monthly Commodity
Credit Corporation interest rate applicable to loans provided for
agricultural commodities by the Corporation shall be 100 basis points
greater than the rate determined under the applicable interest rate
formula in effect on October 1, 1995.
(b) Sugar
For purposes of this section, raw cane sugar, refined beet sugar,
and in-process sugar eligible for a loan under section 7272 of this
title shall not be considered an agricultural commodity.
(Pub. L. 104-127, title I, Sec. 163, Apr. 4, 1996, 110 Stat. 935; Pub.
L. 107-171, title I, Sec. 1401(c), May 13, 2002, 116 Stat. 187.)
Amendments
2002--Pub. L. 107-171 designated existing provisions as subsec. (a),
inserted heading, and added subsec. (b).
Section Referred to in Other Sections
This section is referred to in sections 7934, 7939, 7957 of this
title.
