7 USC 1308a - Cost reduction options

U.S Code last checked for updates: Nov 22, 2024

§ 1308a.

Cost reduction options

(a)

Authority of Secretary to take action

(b)

Reservation of Secretary’s right to reopen or change contracts if producer agrees

(c)

Purchase from other sources of commodities covered by nonrecourse loans

(d)

Reduction in settlement price of nonrecourse loans

(1)

receipt by the Federal Government of a portion rather than none of the accumulated interest;

(2)

avoidance of default; or

(3)

elimination of storage, handling, and carrying charges on the forfeited commodity.

(e)

Reopening of production control or loan programs to allow for payment in kind

(f)

Other authorities of Secretary not affected

(Pub. L. 99–198, title X, § 1009, Dec. 23, 1985, 99 Stat. 1453; Pub. L. 101–134, § 3, Oct. 30, 1989, 103 Stat. 781; Pub. L. 110–234, title I, § 1603(g)(1), May 22, 2008, 122 Stat. 1011; Pub. L. 110–246, § 4(a), title I, § 1603(g)(1), June 18, 2008, 122 Stat. 1664, 1739.)

cite as: 7 USC 1308a