Page:United States Statutes at Large Volume 99 Part 2.djvu/337

 PUBLIC LAW 99-198—DEC. 23, 1985

99 STAT. 1447

mined by the Secretary to be payable to the producer as a deficiency payment for the crop concerned. "(H) If the Secretary determines under this Act that deficiency payments will not be made available to producers on a crop with respect to which advance deficiency payments already have been made under this subsection, the producers who received such advance pa3nnents shall refund such payments. "(I) Any refund required under subparagraph (G) or (H) shall be due at the end of the marketing year for the crop with respect to which such payments were made. (J) If a producer fails to comply with requirements estab- Regulations, lished under the acreage limitations or set-aside program involved after obtaining an advance deficiency payment under this subsection, the producer shall repay immediately the ) amount of the advance, plus interest thereon in such amount as the Secretary shall prescribe by regulation. "(3) The Secretary may issue such regulations as the Secretary Regulations. determines necessary to carry out this section. "(4) The Secretary shall carry out the program authorized by this section through the Commodity Credit Corporation. "(5) The authority provided in this section shall be in addition to, and not in place of, any authority granted to the Secretary or the Commodity Credit Corporation under any other provisions of law. "(b) If the Secretary makes land diversion payments under this Act to assist in adjusting the total national acreage of any of the 1986 through 1990 crops of wheat, feed grains, upland cotton, or rice to desirable levels, the Secretary may make at least 50 percent of such payments available to a producer as soon as possible after the producer agrees to undertake the diversion of land in return for -such payments.". ADVANCE RECOURSE COMMODITY LOANS

SEC. 1003. Effective for the 1986 through 1990 crops, the Agricultural Act of 1949 is amended by inserting after section 423 (7 U.S.C 1433b) the following new section: "SEC. 424. Notwithstanding any other provision of this Act, the 7 USC 1433c. Secretary may make advance recourse loans available to producers of the commodities of the 1986 through 1990 crops for which nonrecourse loans are made available under this Act if the Secretary finds that such action is necessary to ensure that adequate operating credit is available to producers. Such recourse loans may be made available under such reasonable terms and conditions as the Secretary may prescribe, except that the Secretary shall require that a producer obtain crop insurance for the crop as a condition of '-ocu~eligibility for a loan.". INTEREST PAYMENT CERTIFICATES

SEC. 1004. Effective only for the 1986 through 1990 crops, section 405 of the Agricultural Act of 1949 (7 U.S.C. 1425) is amended by— (1) inserting "(a)" after the section designation; and (2) adding at the end thereof the following new subsection: "(b)(l) Notwithstanding any other provision of law, the Secretary may provide a negotiable certificate to any producer who repays, together with interest, a price support loan made available to such producer under any of the annual programs, for wheat, feed grains, upland cotton, or rice established under this Act.

Loans.

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