§ 7286.
(a)
In general
In making in-kind payments under subchapter III of this chapter, title I of the Farm Security and Rural Investment Act of 2002 [
7 U.S.C. 7901 et seq.], title I of the Food, Conservation, and Energy Act of 2008 [
7 U.S.C. 8701 et seq.], and Subtitle
1
So in original. Probably should not be capitalized.
B of title I of the Agricultural Act of 2014 [
7 U.S.C. 9031 et seq.], the Commodity Credit Corporation may—
(1)
acquire and use commodities that have been pledged to the Commodity Credit Corporation as collateral for loans made by the Corporation;
(2)
use other commodities owned by the Commodity Credit Corporation; and
(3)
redeem negotiable marketing certificates for cash under terms and conditions established by the Secretary.
(b)
Methods of payment
The Commodity Credit Corporation may make in-kind payments—
(1)
by delivery of the commodity at a warehouse or other similar facility;
(2)
by the transfer of negotiable warehouse receipts;
(3)
by the issuance of negotiable certificates, which the Commodity Credit Corporation shall exchange for a commodity owned or controlled by the Corporation in accordance with regulations promulgated by the Corporation; or
(4)
by such other methods as the Commodity Credit Corporation determines appropriate to promote the efficient, equitable, and expeditious receipt of the in-kind payments so that a person receiving the payments receives the same total return as if the payments had been made in cash.
([Pub. L. 104–127, title I, § 166], as added [Pub. L. 106–78, title VIII, § 812], Oct. 22, 1999, [113 Stat. 1181]; amended [Pub. L. 107–171, title I, § 1608], May 13, 2002, [116 Stat. 218]; [Pub. L. 110–234, title I, § 1607], May 22, 2008, [122 Stat. 1018]; [Pub. L. 110–246, § 4(a)], title I, § 1607, June 18, 2008, [122 Stat. 1664], 1746, [Pub. L. 114–113, div. A, title VII, § 740], Dec. 18, 2015, [129 Stat. 2281].)