7 USC 9040 - Adjustments of loans

U.S Code last checked for updates: May 03, 2024

§ 9040.

Adjustments of loans

(a)

Adjustment authority

(b)

Manner of adjustment

(c)

Adjustment on county basis

(1)

In general

(2)

Prohibition

(d)

Adjustment in loan rate for cotton

(1)

In general

(2)

Types of adjustments

Loan rate adjustments under paragraph (1) may include—

(A)

the use of non-spot market price data, in addition to spot market price data, that would enhance the accuracy of the price information used in determining quality adjustments under this subsection;

(B)

adjustments in the premiums or discounts associated with upland cotton with a staple length of 33 or above due to micronaire with the goal of eliminating any unnecessary artificial splits in the calculations of the premiums or discounts; and

(C)

such other adjustments as the Secretary determines appropriate, after consultations conducted in accordance with paragraph (3).

(3)

Consultation with private sector

(A)

Prior to revision

(B)

Inapplicability of chapter 10 of title 5

(4)

Review of adjustments

(e)

Rice

(Pub. L. 113–79, title I, § 1210, Feb. 7, 2014, 128 Stat. 686; Pub. L. 117–286, § 4(a)(43), Dec. 27, 2022, 136 Stat. 4310.)

cite as: 7 USC 9040