Page:United States Statutes at Large Volume 104 Part 5.djvu/178

 104 STAT. 3500 PUBLIC LAW 101-624—NOV. 28, 1990 "Qy) LIMITATION.—Payments made pursuant to this section shall not exceed the amount to which the previous owner was entitled to receive under the terms of the contract at the time of the death of the prior owner. ". (i) TREATMENT OF CASH RENT TENANTS. — Section 2 of Public Law 7 USC 1308 note. 101-217 is amended by striking "Effective only for" and inserting "Effective beginning with". Subtitle C—Provisions Related to Agricultural Act of 1949 SEC. 1121. DEFICIENCY AND LAND DIVERSION PAYMENTS. (a) IN GENERAL.— Section 107C of the Agricultural Act of 1949 (7 U.S.C. 1445b-2) is amended to read as follows: "SEC. 107C. DEFICIENCY AND LAND DIVERSION PAYMENTS. " (a) DEFICIENCY PAYMENTS. — "(1) IN GENERAL. —I f the Secretary establishes an acreage limitation program for any of the 1991 through 1995 crops of wheat, feed grains, upland cotton, or rice under this Act and determines that deficiency payments will likely be made for the commodity for the crop, the Secretary shall make advance deficiency payments available to producers for each of the crops. "(2) TERMS AND CONDITIONS.— Advance deficiency payments under paragraph (1) shall be made to the producer under the following terms and conditions: "(A) FORM.—Such pa3mients may be made available in the form of— "(i) cash; "(ii) commodities owned by the Commodity Credit Corporation and certificates redeemable in a commodity owned by the Commodity Credit Corporation, except that not more than 50 percent of the payments may be made in commodities or the certificates in the case of any producer; or "(iii) any combination of clauses (i) and (ii). "(B) COMMODITIES AND CERTIFICATES.— I f payments are made available to producers as provided for under subparagraph (A)(ii), such producers may elect to receive such payments either in the form of— "(i) such commodities; or "(ii) such certificates. "(C) MATURITY.—Such a certificate shall be redeemable for a period not to exceed 3 years from the date the certificate is issued. "(D) STORAGE. —The Commodity Credit Corporation shall pay the cost of storing a commodity that may be received under such a certificate until such time as the certificate is redeemed. Government "(E) TiMiNG. — The payments shall be made available as contracts. soon as practicable after the producer enters into a contract with the Secretary to participate in such program. "(F) AMOUNTS.—The payments shall be made available in such amounts as the Secretary determines appropriate to

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