7 USC 8733: Term of loans
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7 USC 8733: Term of loans Text contains those laws in effect on January 15, 2013
From Title 7-AGRICULTURECHAPTER 113-AGRICULTURAL COMMODITY SUPPORT PROGRAMSSUBCHAPTER II-MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS
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§8733. Term of loans

(a) Term of loan

In the case of each loan commodity, a marketing assistance loan under section 8731 of this title shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made.

(b) Extensions prohibited

The Secretary may not extend the term of a marketing assistance loan for any loan commodity.

( Pub. L. 110–234, title I, §1203, May 22, 2008, 122 Stat. 956 ; Pub. L. 110–246, §4(a), title I, §1203, June 18, 2008, 122 Stat. 1664 , 1684.)

Codification

Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.