Page:United States Statutes at Large Volume 115 Part 1.djvu/226

 115 STAT. 204 PUBLIC LAW 107-25—AUG. 13, 2001 Related Agencies Appropriations Act, 2001 (as enacted by Public Law 106-387; 114 Stat. 1549A-42), is amended to read as follows: "(b) CONDITIONS ON PAYMENT TO STATE.— The Secretary of Agriculture shall make the payment to the State of Georgia under subsection (a) only if the State— "(1) contributes $5,000,000 to the indemnity fund and agrees to expend all amounts in the indemnity fund by not later than January 1, 2002 (or as soon as administratively practical thereafter), to provide compensation to cotton producers as provided in such subsection; "(2) requires the recipient of a payment from the indemnity fund to repay the State, for deposit in the indemnity fund, the amount of any duplicate payment the recipient otherwise recovers for such loss of cotton, or the loss of proceeds from the sale of cotton, up to the amount of the payment from the indemnity fund; and "(3) agrees to deposit in the indemnity fund the proceeds of any bond collected by the State for the benefit of recipients of payments from the indemnity fund, to the extent of such payments.". (b) ADDITIONAL DISBURSEMENTS FROM THE INDEMNITY FUND. — 7 USC 1421 note. Subsection (d) of such section is amended to read as follows: " (d) ADDITIONAL DISBURSEMENT TO COTTON GINNERS.— The State of Georgia shall use funds remaining in the indemnity fund, after the provision of compensation to cotton producers in Georgia under subsection (a) (including cotton producers who file a contingent claim, as defined and provided in section 5.1 of chapter 19 of title 2 of the Official Code of Georgia), to compensate cotton ginners (as defined and provided in such section) that— "(1) incurred a loss as the result of— "(A) the business failure of any cotton buyer doing business in Georgia; or "(B) the failure or refusal of any such cotton buyer to pay the contracted price that had been agreed upon by the ginner and the buyer for cotton grown in Georgia on or after January 1, 1997, and had been purchased or contracted by the ginner from cotton producers in Georgia; "(2) paid cotton producers the amount which the cotton ginner had agreed to pay for such cotton received from such cotton producers in Georgia; and "(3) satisfy the procedural requirements and deadlines specified in chapter 19 of title 2 of the Official Code of Georgia applicable to cotton ginner claims.". (c) CONFORMING AMENDMENT.—Subsection (c) of such section is amended by striking "Upon the establishment of the indemnity fund, and not later than October 1, 1999, the" and inserting "The". SEC. 10. INCREASE IN PAYMENT LIMITATIONS REGARDING LOAN DEFI- CIENCY PAYMENTS AND MARKETING LOAN GAINS. 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 for one or more contract commodities and oilseeds under the Agricultural Market Transition Act (7 U.S.C. 7201 et seq.) during the 2001 crop year may not exceed $150,000.

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