7 CFR 1421.417 - Disbursing MAL and LDP proceeds.
(a) A DMA may request that CCC establish a drawdown account from which to disburse MAL and LDP amounts to producers, and designate the financial institution they wish to use.
(b) CCC will determine whether a drawdown account is justified and the amount of the account.
(c) If there is no drawdown account, MAL and LDP proceeds shall be distributed to the producer within 3 work days from the date the DMA receives MAL or LDP proceeds from CCC, after deduction of authorized charges or fees for services. If there is a drawdown account, the MAL and LDP proceeds shall be distributed to the producer within 3 days of the completion of the application.
(d) The DMA shall assess charges and fees at the same rate for each producer that it serves.
(e) If a drawdown account is used, CCC shall replenish the amount as necessary as it is drawn down.
Title 7 published on 2014-01-01
no entries appear in the Federal Register after this date.