Notes on 7 U.S.C. § 1524 : US Code - Notes

Search Notes on 7 U.S.C. § 1524 : US Code - Notes

(Feb. 16, 1938, ch. 30, title V, Sec. 524, as added Pub. L. 106-
224, title I, Sec. 133, June 20, 2000, 114 Stat. 387; amended Pub.
L. 107-171, title II, Sec. 2501, May 13, 2002, 116 Stat. 263; Pub.
L. 108-199, div. A, title VII, Sec. 769, Jan. 23, 2004, 118 Stat.
40.)
REFERENCES IN TEXT                        
Section 1308(5) of this title, referred to in subsec. (b)(3), was
redesignated section 1308(e) by Pub. L. 107-171, title I, Sec.
1603(b)(1), May 13, 2002, 116 Stat. 214.
AMENDMENTS                            
2004 - Subsec. (b)(4)(B)(i). Pub. L. 108-199, Sec. 769(1),
substituted "clauses (ii) and (iii)" for "clause (ii)".
Subsec. (b)(4)(B)(iii). Pub. L. 108-199, Sec. 769(2), added cl.
(iii).
2002 - Subsec. (b). Pub. L. 107-171 added subsec. (b) and struck
out heading and text of former subsec. (b). Text read as follows:
"(1) Authority. - The Secretary shall provide cost share
assistance to producers, in a manner determined by the Secretary,
in not less than 10, nor more than 15, States in which
participation in the Federal crop insurance program is historically
low, as determined by the Secretary.
"(2) Uses. - A producer may use cost share assistance provided
under this subsection to - 
"(A) construct or improve - 
"(i) watershed management structures; or
"(ii) irrigation structures;
"(B) plant trees to form windbreaks or to improve water
quality;
"(C) mitigate financial risk through production diversification
or resource conservation practices, including - 
"(i) soil erosion control;
"(ii) integrated pest management; or
"(iii) transition to organic farming;
"(D) enter into futures, hedging, or options contracts in a
manner designed to help reduce production, price, or revenue
risk;
"(E) enter into agricultural trade options as a hedging
transaction to reduce production, price, or revenue risk; or
"(F) conduct any other activity related to the activities
described in subparagraphs (A) through (E), as determined by the
Secretary.
"(2) Payment limitation. - The total amount of payments made to a
person (as defined in section 1308(5) of this title) under this
subsection for any year may not exceed $50,000.
"(3) Commodity credit corporation. - 
"(A) In general. - The Secretary shall carry out this
subsection through the Commodity Credit Corporation.
"(B) Funding. - The Commodity Credit Corporation shall make
available to carry out this subsection $10,000,000 for fiscal
year 2001 and each subsequent fiscal year."
EFFECTIVE DATE                          
Section effective Oct. 1, 2000, see section 171(b)(1)(A) of Pub.
L. 106-224, set out as an Effective Date of 2000 Amendment note
under section 1501 of this title.
(!1) See References in Text note below.