
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 7USC1425a]

 
                          TITLE 7--AGRICULTURE
 
         CHAPTER 35A--PRICE SUPPORT OF AGRICULTURAL COMMODITIES
 
                    SUBCHAPTER I--GENERAL PROVISIONS
 
Sec. 1425a. Producers of honey; loan obligations and liabilities


(a) Loan forfeiture limitation

    A producer of honey may satisfy the producer's obligation to repay a 
loan, or a portion of a loan, made to the producer under section 1446h 
\1\ of this title by forfeiting the collateral for the loan, or portion 
of the loan, only if the value of the collateral forfeited, when taken 
together with the value of the collateral forfeited on any other loan or 
loans of the person for such crop of honey under section 1446h \1\ of 
this title, does not exceed $200,000 in the 1991 crop year, $175,000 in 
the 1992 crop year, $150,000 in the 1993 crop year, and $125,000 in each 
of the 1994 and subsequent crop years: Provided, however, That the loan 
forfeiture limitation provided by this section shall not be applicable 
for any crop year for which the Secretary does not permit producers of 
honey to repay the price support loans at a level determined under 
section 1446h(b)(2) \1\ of this title.
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    \1\ See References in Text note below.
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(b) Liability for nonforfeitable part of obligation

    The producer of honey shall be personally liable for the repayment 
of a loan or loans made to the producer under the program for the crop 
of honey involved, with respect to that portion of the loan or loans for 
which satisfaction of the loan by forfeiture, as provided in subsection 
(a) of this section, is prohibited.

(c) Extent of personal liability

    The loan contracts of the Commodity Credit Corporation entered into 
with producers of honey shall clearly indicate the extent to which a 
producer of honey may be personally liable for repayment of a loan under 
this section.

(d) Promulgation of regulations

    The Commodity Credit Corporation may issue such regulations as the 
Corporation deems necessary to carry out this section. The regulations 
shall provide for the attribution of the value of collateral forfeited 
on loans described in subsection (a) of this section.

(Oct. 31, 1949, ch. 792, title IV, Sec. 405A, as added Pub. L. 100-460, 
title VI, Sec. 634(b), Oct. 1, 1988, 102 Stat. 2263; amended Pub. L. 
101-624, title X, Sec. 1002, title XI, Sec. 1161(d), Nov. 28, 1990, 104 
Stat. 3490, 3521.)

                       References in Text

    Section 1446h of this title, referred to in subsec. (a), was 
repealed by Pub. L. 104-127, title I, Sec. 171(b)(2)(H), Apr. 4, 1996, 
110 Stat. 938.


                               Amendments

    1990--Subsec. (a). Pub. L. 101-624, Sec. 1161(d), substituted 
references to sections 1446h and 1446h(b)(2) of this title for 
references to sections 1446(b) and 1446(b)(2)(B) of this title, 
respectively.
    Pub. L. 101-624, Sec. 1002(1), substituted ``person for such crop of 
honey under section 1446h of this title, does not exceed $200,000 in the 
1991 crop year, $175,000 in the 1992 crop year, $150,000 in the 1993 
crop year, and $125,000 in each of the 1994 and subsequent crop years'' 
for ``producer for such crop of honey under section 1446(b) of this 
title, does not exceed $250,000''.
    Subsec. (d). Pub. L. 101-624, Sec. 1002(2), inserted provisions 
requiring that the regulations issued pursuant to this subsection 
provide for the attribution of the value of collateral forfeited on 
loans described in subsec. (a).


                    Effective Date of 1990 Amendment

    Amendment by Pub. L. 101-624 effective beginning with 1991 crop of 
an agricultural commodity, with provision for prior crops, see section 
1171 of Pub. L. 101-624, set out as a note under section 1421 of this 
title.


                       Inapplicability of Section

    Section inapplicable to 1996 through 2002 crops of loan commodities, 
peanuts, and sugar and inapplicable to milk during period beginning Apr. 
4, 1996, and ending Dec. 31, 2002, see section 7301(b)(1)(J) of this 
title.


   Prohibition on Use of Funds for Honey Payments or Loan Forfeitures

    Pub. L. 104-37, title VII, Sec. 718, Oct. 21, 1995, 109 Stat. 331, 
provided that none of the funds appropriated or otherwise made available 
by Pub. L. 104-37 were to be used by the Secretary of Agriculture to 
provide total amount of payments and/or total amount of loan forfeitures 
to a person to support the price of honey under this section or former 
section 1446h of this title in excess of zero dollars in the 1994, 1995, 
and 1996 crop years.
    Similar provisions were contained in the following prior 
appropriation acts:
    Pub. L. 103-330, title VII, Sec. 723, Sept. 30, 1994, 108 Stat. 
2469.
    Pub. L. 103-111, title VII, Sec. 728, Oct. 21, 1993, 107 Stat. 1081.

                  Section Referred to in Other Sections

    This section is referred to in section 1425 of this title.
