Page:United States Statutes at Large Volume 122.djvu/1707

 12 2 STA T . 1 684PUBLIC LA W 11 0– 246 —J U NE 18, 2008 (C) C anol a . ( D ) S a f flo wer . ( E ) F la xs ee d . (F) Mu s t ard seed. ( G ) Cra mb e. ( H ) Sesame seed. ( I ) O t h ero i lseeds desi g nated b y the Se c retary. ( 12 )Inthecaseofdry p eas ,$5 . 40 per hundredweight. (1 3 ) In the case of lentils, $11.2 8 per hundredweight. (14) In the case of small chic k peas, $ 7 .43 per hundred - weight. (15) In the case of large chickpeas, $11.28 per hundred- weight. (1 6 ) In the case of graded wool, $1.15 per pound. (17) In the case of nongraded wool, $0.40 per pound. (18) In the case of mohair, $4.20 per pound. (1 9 ) In the case of honey, $0.69 per pound. (d) S INGLE C OU N TYL O A N R ATE F O R OT H ER OIL S EE D S. —T he Secretary shall establish a single loan rate in each county for each kind of other oilseeds described in subsections (a)(11), (b)(11), and (c)(11). SEC.1203 . T E RMOFL O AN S. (a) TER M OF LOAN.—In the case of each loan commodity, a marketing assistance loan under section 1201 shall ha v eaterm of 9 months beginning on the first day of the first month after the month in which the loan is made. (b) E X TENSIONS P ROHI B ITED.—The Secretary may not extend the term of a marketing assistance loan for any loan commodity. SEC. 120 4 .RE P A Y MENT OF LOANS. (a) GENERAL RULE.—The Secretary shall permit the producers on a farm to repay a marketing assistance loan under section 1201 for a loan commodity (other than upland cotton, long grain rice, medium grain rice, extra long staple cotton, and confectionery and each other kind of sunflower seed (other than oil sunflower seed)) at a rate that is the lesser of— (1) the loan rate established for the commodity under sec- tion 1202, plus interest (determined in accordance with section 163 of the Federal A griculture Improvement and Reform Act of 1996 (7 U .S.C. 7283)) (2) a rate (as determined by the Secretary) that— (A) is calculated based on average market prices for the loan commodity during the preceding 30-day period; and ( B ) will minimi z e discrepancies in marketing loan bene- fits across State boundaries and across county boundaries; or (3) a rate that the Secretary may develop using alternative methods for calculating a repayment rate for a loan commodity that the Secretary determines will— (A) minimize potential loan forfeitures; (B) minimize the accumulation of stocks of the com- modity by the Federal Government; (C) minimize the cost incurred by the Federal Govern- ment in storing the commodity; 7USC8 7 34. 7 USC 8733.

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