7 USC 7212 - Elements of contracts

U.S Code last checked for updates: May 02, 2024

§ 7212.

Elements of contracts

(a)

Time for contracting

(1)

Commencement

(2)

Deadline

(3)

Conservation reserve lands

(A)

In general

(B)

Amount

(b)

Duration of contract

(1)

Beginning date

The term of a contract shall begin with—

(A)

the 1996 crop of a contract commodity; or

(B)

in the case of acreage that was subject to a conservation reserve contract described in subsection (a)(3), the date the production flexibility contract was entered into or expanded to cover the acreage.

(2)

Ending date

(c)

Estimation of contract payments

(d)

Time for payment

(1)

In general

(2)

Advance payments

(A)

Fiscal year 1996

(B)

Subsequent fiscal years

(3)

Special rule

(Pub. L. 104–127, title I, § 112, Apr. 4, 1996, 110 Stat. 899; Pub. L. 105–228, § 2, Aug. 12, 1998, 112 Stat. 1516; Pub. L. 106–78, title VIII, § 811, Oct. 22, 1999, 113 Stat. 1181.)

cite as: 7 USC 7212