Page:United States Statutes at Large Volume 113 Part 2.djvu/162

 113 STAT. 1182 PUBLIC LAW 106-78—OCT. 22, 1999 a person receiving the payments receives the same total return as if the payments had been made in cash. "(c) ADMINISTRATION.— "(1) FORM.— At the option of a producer, the Commodity Credit Corporation shall make negotiable certificates authorized under subsection (b)(3) available to the producer, in the form of program payments or by sale, in a manner that the Corporation determines will encourage the orderly marketing of commodities pledged as collateral for loans made to producers under subtitle C. "(2) TRANSFER. —^A negotiable certificate issued in accordance with this subsection may be transferred to another person in accordance with regulations promulgated by the Secretary.". 7 USC 1421 note. SEC. 813. LIMITATION ON MARKETING LOAN GAINS AND LOAN DEFI- CIENCY PAYMENTS. (a) IN GENERAL. —Notwithstanding section 1001(2) of the Food Security Act of 1985 (7 U.S.C. 1308(1)), the total amount of the payments specified in section 1001(3) of that Act that a person shall be entitled to receive under the Agricultural Market Transition Act (7 U.S.C. 7201 et seq.) for one or more contract commodities and oilseeds produced during the 1999 crop year may not exceed $150,000. (b) 1999 MARKETINGS.— In carrying out subsection (a), the Secretary shall allow a producer that has marketed a quantity of an eligible 1999 crop for which the producer has not received a loan deficiency payment or marketing loan gain under section 134 or 135 of the Agricultural Market Transition Act (7 U.S.C. 7234, 7235) to receive such payment or gain as of the date on which the quantity was marketed or redeemed, as determined by the Secretary. 7 USC 1421 note. SEC. 814. ASSISTANCE FOR PURCHASE OF ADDITIONAL CROP INSUR- ANCE COVERAGE. The Secretary shall transfer $400,000,000 of funds of the Commodity Credit Corporation to the Federal Crop Insurance Corporation to be used to assist agricultural producers in purchasing additional coverage for the 2000 crop year under the Federal Crop Insurance Act (7 U.S.C. 1501 et seq.). Oklahoma. SEC. 815. FORGIVENESS OF CERTAIN WATER AND WASTE DISPOSAL 7 USC 1421 note. LOANS. The Secretary shall forgive the principal indebtedness and accrued interest owed by the City of Stroud, Oklahoma, to the Rural Utilities Service on water and waste disposal loans numbered 9105 and 9107. 7 USC 1421 note. SEC. 816. NATIONAL SHEEP INDUSTRY IMPROVEMENT CENTER (a) DEFINITIONS. —Section 375(a) of the Consolidated Farm and Rural Development Act (7 U.S.C. 2008j(a)) is amended by adding at the end the following: "(5) INTERMEDIARY. —The term 'intermediary* means a financial institution receiving Center funds for establishing a revolving fund and relending to an eligible entity.". (b) REVOLVING FUND. —Section 375(e) of the Consolidated Farm and Rural Development Act (7 U.S.C. 2008j(e)) is amended— (1) in paragraph (3)—

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