Browse Arkansas Code titles and sections
7 U.S.C. § 4002 — Alcohol processor grain reserve program
Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** As used in this section—
(1) The term “Secretary” means the Secretary of Agriculture.
(2) The term “processor” means any person engaged within the United States in the business of manufacturing grain into alcohol for use as a fuel either by itself or in combination with some other product.
(3) The terms “agricultural grain” and “grain” mean any agricultural commodity (A) that is suitable for processing into alcohol for use as a fuel, and (B) with respect to which a price support operation is in effect.
(4) The term “producer storage program” means the producer storage program provided for under section 1445e 11 See References in Text note below. of this title.
(5) The term “small scale biomass energy project” shall have the same meaning as defined in [section 8802(19) of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section8802/19&num=0&edition=prelim).
**(b) Loans on stored grain; processors eligible** To assist processors in obtaining a dependable supply of grain at reasonable prices, the Secretary may formulate and administer a program under which processors purchasing and storing grain needed by them for manufacturing into alcohol for use as a fuel may obtain a loan from the Secretary on such grain. Loans under this section may be made available only to processors that (1) operate small scale biomass energy projects financed in whole or in part by the United States Government or any agency thereof, and (2) as determined by the Secretary, are otherwise unable to obtain a dependable supply of grain at reasonable prices for use in such projects.
**(c) Terms and conditions of processor grain reserve program and producer storage program** Except as otherwise provided in this section, loans made under this sectio
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 4002
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: 82c00d14efe8163ab4f1ffabeafbaa9fd2cc8dce4f33de082696cdfb59f9a7bc. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_8203f6a40663edf9a5a072b6
Source file: Laws/federal/codes/united-states-code/title-7/section-4002-alcohol-processor-grain-reserve-program--d1aad90f98.md
Pages: Not recorded – Not recorded
Passage SHA-256: 57087e3a4983e9cd8c82ab5cb44973979d159e80efc384c2bbabffff5885828c
Source location: Title 7, Chapter 71, § 4002; chapter-071-agricultural-trade-suspension-adjustment.md
Stored source content
**(a) Definitions** As used in this section—
(1) The term “Secretary” means the Secretary of Agriculture.
(2) The term “processor” means any person engaged within the United States in the business of manufacturing grain into alcohol for use as a fuel either by itself or in combination with some other product.
(3) The terms “agricultural grain” and “grain” mean any agricultural commodity (A) that is suitable for processing into alcohol for use as a fuel, and (B) with respect to which a price support operation is in effect.
(4) The term “producer storage program” means the producer storage program provided for under section 1445e 11 See References in Text note below. of this title.
(5) The term “small scale biomass energy project” shall have the same meaning as defined in [section 8802(19) of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section8802/19&num=0&edition=prelim).
**(b) Loans on stored grain; processors eligible** To assist processors in obtaining a dependable supply of grain at reasonable prices, the Secretary may formulate and administer a program under which processors purchasing and storing grain needed by them for manufacturing into alcohol for use as a fuel may obtain a loan from the Secretary on such grain. Loans under this section may be made available only to processors that (1) operate small scale biomass energy projects financed in whole or in part by the United States Government or any agency thereof, and (2) as determined by the Secretary, are otherwise unable to obtain a dependable supply of grain at reasonable prices for use in such projects.
**(c) Terms and conditions of processor grain reserve program and producer storage program** Except as otherwise provided in this section, loans made under this section to carry out the processor grain reserve program may be made on the same terms and conditions as loans made to carry out the producer storage program.
**(d) Amount of loan** The amount of the loan that the Secretary may make to an eligible processor at any time on any quantity of grain purchased by the processor shall be determined by multiplying the price support loan rate in effect for such grain at the time the loan is made times the quantity of grain purchased by the processor. The quantity of grain on which one or more loans may be outstanding at any time in the case of any processor may not exceed the estimated quantity of grain needed by such processor for one year of operation.
**(e) Replacement of removed grain** Whenever any quantity of grain stored in the processor grain reserve under this section is removed from storage by a processor, the processor may be required to replace such grain with an equal quantity, within such period of time as the Secretary shall prescribe by regulation, or repay that portion of the loan represented by the quantity of grain removed from storage.
**(f) Purposes for which grain to be used** Grain on which an eligible processor has received a loan under this section may not be used for any purpose other than the manufacture of alcohol for use as a fuel, and the Secretary shall establish such safeguards as the Secretary deems necessary to assure that such grain is not used for any other purpose and is not used in any manner that would unduly depress, manipulate, or curtail the free market in such grain.
**(g) Terms and conditions of loan; security; nonrecourse loans** Loans made under this section shall be made subject to such terms and conditions and subject to such security as the Secretary deems appropriate, except that such loans may not be made as nonrecourse loans.
**(h) Payment for cost of storage; repayment of loans** In carrying out the processor grain reserve program under this section, the Secretary may—
(1) provide for the payment to processors of such amounts as the Secretary determines appropriate to cover the cost of storing grain held in the processor grain reserve, except that in no event may the rate of the payment paid under this clause for any period exceed the rate paid by the Secretary under the producer storage program for the same period; and
(2) prescribe conditions under which the Secretary may require processors to repay loans made under this section, plus accrued interest thereon, refund amounts paid to the processors for storage, and require the processors to pay such additional interest and other charges as may be required by regulation in the event any processor fails to abide by the terms and conditions of the loan or any regulation prescribed under this section.
**(i) Announcement of terms and conditions of program** The Secretary shall announce the terms and conditions of the processor grain reserve program as far in advance of making loans as practicable.
**(j) Use of Commodity Credit Corporation facilities** The Secretary may use the facilities of the Commodity Credit Corporation to carry out this section.
**(k) Authorization of appropriations; appropriation acts as determining amount and extent of loans; expiration of authority to make loans** There are authorized to be appropriated such sums as may be necessary to carry out this section. Any loans made under this section shall be made to such extent and such amounts as provided in appropriation Acts. The authority to make loans under this section shall expire five years after December 3, 1980.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
Notwithstanding any other provision of law—
**(a) Gasohol feedstock or food security reserves; establishment** Whenever the President or other member of the executive branch of Government causes the export of any agricultural commodity to any country or area of the world to be suspended or restricted for reasons of national security or foreign policy under the Export Administration Act of 1979 or any other provision of law and the Secretary of Agriculture determines that such suspension or restriction will result in a surplus supply of such commodity that will adversely affect prices producers receive for the commodity, the Secretary may establish a gasohol feedstock reserve or a food security reserve, or both, of the commodity, as provided in subsections (c) and (d) of this section, if the commodity is suitable for stockpiling in a reserve.
**(b) Announcement of intention to establish reserves; contents** Within thirty days after the export of any agricultural commodity to a country or area is suspended or restricted as described in subsection (a) of this section, the Secretary of Agriculture shall announce whether a gasohol feedstock reserve or a food security reserve of the commodity, or both, will be established under this section and shall include in such announcement the amount of the commodity that will be placed in such reserves, which shall be that portion of the estimated exports of the commodity affected by the suspension or restriction, as determined by the Secretary, that should be removed from the market to prevent the accumulation of a surplus supply of the commodity that will adversely affect prices producers receive for the commodity.
**(c) Acquisition of suitable agricultural commodities; payment of transportation and storage costs; disposition of a
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 4001
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary shall formulate and administer a farmer owned reserve program under which producers of wheat and feed grains will be able to store wheat and feed grains when the commodities are in abundant supply, extend the time period for the orderly marketing of the commodities, and provide for adequate carryover stocks to ensure a reliable supply of the commodities.
**(b) Terms of program**
(1) **Price support loans** — In carrying out this program, the Secretary shall provide extended price support loans for wheat and feed grains. An extended loan shall only be made to a producer after the expiration of a 9-month price support loan (hereafter in this section referred to as the “original loan”) made in accordance with this subchapter.
(2) **Level of loans** — Loans made under this section shall not be less than the then current level of support under the wheat and feed grain programs established under this subchapter.
(3) **Other terms and conditions** — The Secretary shall provide for—
(A) repayment of the extended price support loan 27 months from the date on which the original loan expired unless, at the discretion of the Secretary, the loan has been extended for one 6-month period;
(B) a rate of interest as provided under subsection (c); and
(C) payments to producers for storage as provided in subsection (d).
(4) **Regional differences** — The Secretary shall ensure that producers are afforded a fair and equitable opportunity to participate in the program established under this section, taking into account regional differences in the time of harvest.
**(c) Interest charges**
(1) **Levying of interest** — The Secretary may charge interest on loans under this section whenever the price of wheat or feed grains is equal to or exceeds
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1445e
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 1674
TITLE 7—AGRICULTURE
§ 4002
1 See References in Text note below.
AMENDMENTS
1998—Subsec. (d)(2). Pub. L. 105–385 made technical
amendment to reference in original act which appears
in text as reference to section 1736f–1 of this title.
1996—Subsec. (d)(2). Pub. L. 104–127 added par. (2) and
struck out former par. (2) which read as follows: ‘‘The
provisions of subsections (c), (d), (e), (f), and (g)(2) of
section 1736f–1 of this title shall apply to commodities
in any reserve established under paragraph (1) of this
subsection, and (except for the last sentence of sub-
section (c) of section 1736f–1 of this title) the references
to ‘wheat’ in such subsections of section 1736f–1 of this
title shall be deemed to be references to ‘agricultural
commodities’.’’
1981—Subsec. (c)(2)(A). Pub. L. 97–98, § 1004(1), sub-
stituted ‘‘third sentence’’ for ‘‘second sentence’’.
Subsec. (c)(2)(B)(i). Pub. L. 97–98, § 1004(2), substituted
‘‘110 per centum’’ for ‘‘105 per centum’’, ‘‘Secretary
may encourage repayment’’ for ‘‘Secretary may call for
repayment’’, and ‘‘clause (5) of the third sentence’’ for
‘‘clause (6) of the second sentence’’.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 1981 AMENDMENT
Amendment by Pub. L. 97–98 effective Dec. 22, 1981,
see section 1801 of Pub. L. 97–98, set out as an Effective
Date note under section 4301 of this title.
EFFECTIVE DATE
Pub. L. 96–494, title II, § 213, Dec. 3, 1980, 94 Stat. 2578,
provided that: ‘‘Except as otherwise provided herein,
this title [enacting this chapter and section 1445h of
this title, amending sections 1444c, 1445b, 1445e, and 1446
of this title, and enacting provisions set out as notes
under this section, sections 1445e and 1445h of this title,
and section 714c of Title 15,
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 4002
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.