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Federal law — U.S. Code and appendices · legal_authorities
Sections 1308 through 1308–3 of this title shall be applicable to contract payments made under this subchapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 7215
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Source file: Laws/federal/codes/united-states-code/title-7/section-7215-applicability-of-payment-limitations--f0bc80de1e.md
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Source location: Title 7, Chapter 100, § 7215; chapter-100-agricultural-market-transition.md
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Federal law — U.S. Code and appendices · legal_authorities
**(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) 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) 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)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1445j/a/2&num=0&edition=prelim)) 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7216&num=0&edition=prelim) 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) Additi
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 7213
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Federal law — U.S. Code and appendices · legal_authorities
Page 1974 TITLE 7—AGRICULTURE § 7214 (Pub. L. 104–127, title I, § 113, Apr. 4, 1996, 110 Stat. 900.) Editorial Notes 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, § 1603(a), May 13, 2002, 116 Stat. 213. § 7214. Determination of contract payments under contracts (a) Individual payment quantity of contract com- modities For each contract, the payment quantity of a contract commodity for each fiscal year shall be equal to the product of— (1) 85 percent of the contract acreage; and (2) the farm program payment yield. (b) Annual payment quantity of contract com- modities The payment quantity of each contract com- modity covered by all contracts for each fiscal year shall be equal to the sum of the amounts calculated under subsection (a) for each indi- vidual contract. (c) Annual payment rate The payment rate for a contract commodity for each fiscal year shall be equal to— (1) the amount made available under section 7213 of this title for the contract commodity for the fiscal year; divided by (2) the amount determined under subsection (b) for the fiscal year. (d) Annual payment amount The amount to be paid under a contract in ef- fect for each fiscal year with respect to all con- tract commodities covered by the contract shall be equal to the sum of the products of— (1) the payment quantity determined under subsection (a) for each of the contract com- modities covered by the contract; and (2) the corresponding payment rate for
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 7215
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