7 U.S. Code § 7971 - Storage facility loans
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(a) In general
Notwithstanding any other provision of law and as soon as practicable after May 13, 2002, the Commodity Credit Corporation shall amend part 1436 of title 7, Code of Federal Regulations, to establish a sugar storage facility loan program to provide financing for processors of domestically-produced sugarcane and sugar beets to construct or upgrade storage and handling facilities for raw sugars and refined sugars.
(b) Eligible processors
A storage facility loan described in subsection (a) of this section shall be made available to any processor of domestically produced sugarcane or sugar beets that (as determined by the Secretary)—
(2) has a need for increased storage capacity, taking into account the effects of marketing allotments; and
(c) Term of loans
A storage facility loan described in subsection (a) of this section shall—
Source(Pub. L. 107–171, title I, § 1402,May 13, 2002, 116 Stat. 187; Pub. L. 110–234, title I, § 1404,May 22, 2008, 122 Stat. 989; Pub. L. 110–246, § 4(a), title I, § 1404,June 18, 2008, 122 Stat. 1664, 1718.)
Pub. L. 110–234and Pub. L. 110–246made identical amendments to this section. The amendments by Pub. L. 110–234were repealed by section 4(a) ofPub. L. 110–246.
2008—Subsec. (c)(2), (3). Pub. L. 110–246, § 1404, added par. (2), redesignated former par. (2) as (3), and, in par. (3), inserted “other” after “on such”.
Effective Date of 2008 Amendment