Page:United States Statutes at Large Volume 115 Part 1.djvu/223

This page needs to be proofread.

PUBLIC LAW 107-25—AUG. 13, 2001 115 STAT. 201 Public Law 107-25 107th Congress An Act To respond to the continuing economic crisis adversely affecting American agricul- Aug. 13, 2001 tural producers. [H.R. 2213] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. MARKET LOSS ASSISTANCE. (a) ASSISTANCE AUTHORIZED. —The Secretary of Agriculture (referred to in this Act as the "Secretary") shall, to the maximum extent practicable, use $4,622,240,000 of funds of the Commodity Credit Corporation to make a market loss assistance payment to owners and producers on a farm that are eligible for a final payment for fiscal year 2001 under a production flexibility contract for the farm under the Agriculture Market Transition Act (7 U.S.C. 7201 et seq.). (b) AMOUNT.— The amount of assistance made available to owners and producers on a farm under this section shall be proportionate to the amount of the total contract payments received by the owners and producers for fiscal year 2001 under a production flexibility contract for the farm under the Agricultural Market Transition Act. SEC. 2. SUPPLEMENTAL OILSEEDS PAYMENT. The Secretary shall use $423,510,000 of funds of the Commodity Credit Corporation to make a supplemental payment under section 202 of the Agricultural Risk Protection Act of 2000 (Public Law 106-224; 7 U.S.C. 1421 note) to producers of the 2000 crop of oilseeds that previously received a payment under such section. SEC. 3. SUPPLEMENTAL PEANUT PAYMENT. The Secretary shall use $54,210,000 of funds of the Commodity Credit Corporation to provide a supplemental pa3anent under section 204(a) of the Agricultural Risk Protection Act of 2000 (Public Law 106-224; 7 U.S.C. 1421 note) to producers of quota peanuts or additional peanuts for the 2000 crop year that previously received a payment under such section. The Secretary shall adjust the pay- ment rate specified in such section to reflect the amount made available for pa5anents under this section. SEC. 4. SUPPLEMENTAL TOBACCO PAYMENT. (a) SUPPLEMENTAL PAYMENT. —The Secretary shall use $129,000,000 of funds of the Commodity Credit Corporation to provide a supplemental payment under section 204(b) of the Agricultural Risk Protection Act of 2000 (Public Law 106-224; 7 U.S.C. 1421 note) to eligible persons (as defined in such section) that previously received a payment under such section.