Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 7 - Agriculture |
Subtitle B - Regulations of the Department of Agriculture |
Chapter XIV - Commodity Credit Corporation, Department of Agriculture |
SubChapter B - Loans, Purchases, and Other Operations |
Part 1416 - Emergency Agricultural Disaster Assistance Programs |
Subpart F - Tropical Fruit Disaster Program |
§ 1416.505 - Availability of funds.
Latest version.
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(a) In the event that the total amount of eligible claims submitted by eligible tropical fruit producers under this subpart and subparts D, E, and G exceeds $95 million, each payment to an eligible tropical fruit producer shall be reduced by a uniform national percentage, as determined by CCC.
(b) Such payment reduction shall be applied after imposition of applicable per person payment limitation as provided in §1416.6.