View all text of Chapter 71 [§ 4001 - § 4005]
§ 4002. Alcohol processor grain reserve program
(a) Definitions
As used in this section—
(1) The term “Secretary” means the Secretary of Agriculture.
(2) The term “processor” means any person engaged within the United States in the business of manufacturing grain into alcohol for use as a fuel either by itself or in combination with some other product.
(3) The terms “agricultural grain” and “grain” mean any agricultural commodity (A) that is suitable for processing into alcohol for use as a fuel, and (B) with respect to which a price support operation is in effect.
(4) The term “producer storage program” means the producer storage program provided for under section 1445e 1
1 See References in Text note below.
of this title.(5) The term “small scale biomass energy project” shall have the same meaning as defined in section 8802(19) of title 42.
(b) Loans on stored grain; processors eligible
(c) Terms and conditions of processor grain reserve program and producer storage program
(d) Amount of loan
(e) Replacement of removed grain
(f) Purposes for which grain to be used
(g) Terms and conditions of loan; security; nonrecourse loans
(h) Payment for cost of storage; repayment of loans
In carrying out the processor grain reserve program under this section, the Secretary may—
(1) provide for the payment to processors of such amounts as the Secretary determines appropriate to cover the cost of storing grain held in the processor grain reserve, except that in no event may the rate of the payment paid under this clause for any period exceed the rate paid by the Secretary under the producer storage program for the same period; and
(2) prescribe conditions under which the Secretary may require processors to repay loans made under this section, plus accrued interest thereon, refund amounts paid to the processors for storage, and require the processors to pay such additional interest and other charges as may be required by regulation in the event any processor fails to abide by the terms and conditions of the loan or any regulation prescribed under this section.
(i) Announcement of terms and conditions of program
(j) Use of Commodity Credit Corporation facilities
(k) Authorization of appropriations; appropriation acts as determining amount and extent of loans; expiration of authority to make loans
(Pub. L. 96–494, title II, § 209, Dec. 3, 1980, 94 Stat. 2575.)