
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 7USC7233]

 
                          TITLE 7--AGRICULTURE
 
               CHAPTER 100--AGRICULTURAL MARKET TRANSITION
 
    SUBCHAPTER III--NONRECOURSE MARKETING ASSISTANCE LOANS AND LOAN 
                           DEFICIENCY PAYMENTS
 
Sec. 7233. Term of loans


(a) Term of loan

    In the case of each loan commodity (other than upland cotton or 
extra long staple cotton), a marketing assistance loan under section 
7231 of this title shall have a term of 9 months beginning on the first 
day of the first month after the month in which the loan is made.

(b) Special rule for cotton

    A marketing assistance loan for upland cotton or extra long staple 
cotton shall have a term of 10 months beginning on the first day of the 
month in which the loan is made.

(c) Extensions prohibited

    The Secretary may not extend the term of a marketing assistance loan 
for any loan commodity.

(Pub. L. 104-127, title I, Sec. 133, Apr. 4, 1996, 110 Stat. 907.)
