Page:United States Statutes at Large Volume 105 Part 2.djvu/878

 105 STAT. 1830 PUBLIC LAW 102-237—DEC. 13, 1991 "(1) be made at the loan rate in effect at the time the second loan is made; and "(2) mature in 9 months less the quantity of time that the first loan was in effect."; and (4) in subsection (i)— (A) by striking paragraphs (1), (2), and (3) and inserting the following new paragraphs: "(1) SUGARCANE. —Effective only for marketings of raw cane sugar during the 1992 through 1996 fiscal years, the first processor of sugarcane shall remit to the Commodity Credit Corporation a nonrefundable marketing assessment in an amount equal to.18 cents per pound of raw cane sugar, processed by the processor from domestically produced sugarcane or sugarcane molasses, that has been marketed (including the transfer or delivery of the sugar to a refinery for further processing or marketing). "(2) SUGAR BEETS. —Effective only for marketings of beet sugar during the 1992 through 1996 fiscal years, the first processor of sugar beets shall remit to the Commodity Credit Corporation a nonrefundable marketing assessment in an amount equal to.193 cents per pound of beet sugar, processed by the processor from domestically produced sugar beets or sugar beet molasses, that has been marketed. " (3) COLLECTION.— "(A) TIMING. — Marketing assessments required under this subsection shall be collected on a monthly basis and shall be remitted to the Commodity Credit Corporation within 30 days after the end of each month. Any cane sugar or beet sugar processed during a fiscal year that has not been marketed by September 30 of that year shall be subject to assessment on that date. The sugar shall not be subject to a second assessment at the time that it is marketed. "(B) MANNER.—Subject to subparagraph (A), marketing assessments shall be collected under this subsection in the manner prescribed by the Secretary and shall be nonrefundable. "; and (B) in paragraph (4), by striking "collect or remit the reduction" and inserting "remit the assessment". (b) SECURITY INTERESTS. —Subsection (b) of section 405 (7 U.S.C. 1425) is amended to read as follows: "(b) SUGARCANE AND SUGAR BEETS. —The security interests obtained by the Commodity Credit Corporation as a result of the execution of security agreements by the processors of sugarcane and sugar beets shall be superior to all statutory and common law liens on raw cane sugar and refined beet sugar in favor of the producers of sugarcane and sugar beets and all prior recorded and unrecorded liens on the crops of sugarcane and sugar beets from which the sugar was derived. The preceding sentence shall not affect the application of section 401(e)(2).". (c) SUGAR INFORMATION REPORTING. —Section 359a of the Agricultural Adjustment Act of 1938 (7 U.S.C. 1359aa) is amended— (1) by striking subsection (a) and inserting the following new subsection: "(a) DUTY OF PROCESSORS, REFINERS AND MANUFACTURERS TO REPORT. —

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