12 2 STA T . 1 734PUBLIC LA W 11 0– 24 6—J U NE 1 8, 2008 ‘ ‘ (3)TRUST S ANDE STATES .— ‘‘( A ) I N G ENERA L .— Withresp e c tt o irre v oc abl etr u sts a nd estates , the S ecretar y shall ad m inister this section throu g h section 10 01 F in such manner as the Secretary determines w ill ensure the f air and e q uitable treatment of the beneficiaries of the trusts and estates. ‘‘( B ) IRRE VOC A B LE TRUST.— ‘‘(i) IN GENERAL.—In order for a trust to be consid - ered an irrevocable trust, the terms of the trust agree- ment shall not— ‘‘(I) allow for modification or termination of the trust by the grantor
‘‘(II) allow for the grantor to have any future, contingent, or remainder interest in the corpus of the trust; or ‘‘(III) e x cept as provided in clause (ii), provide for the transfer of the corpus of the trust to the remainder beneficiary in less than 2 0 years begin- ning on the date the trust is established. ‘‘(ii) EX CE P T I ON.— C lause (i)(III) shall not apply in a case in which the transfer is— ‘‘(I) contingent on the remainder beneficiary achieving at least the age of ma j ority; or ‘‘(II) contingent on the death of the grantor or income beneficiary. ‘‘(C) R EVOCABLE TRUST.—For the purposes of this sec- tion through section 1001F, a revocable trust shall be considered to be the same person as the grantor of the trust. ‘‘( 4 ) CAS H RENT TENANTS.— ‘‘(A) D E F INITION.—In this paragraph, the term ‘cash rent tenant ’ means a person or legal entity that rents land— ‘‘(i) for cash; or ‘‘(ii) for a crop share guaranteed as to the amount of the commodity to be paid in rent. ‘‘(B) RESTRICTION.—A cash rent tenant who ma k esa significant contribution of active personal management, but not of personal labor, with respect to a farming operation shall be eligible to receive a payment described in sub- section (b) or (c) only if the tenant makes a significant contribution of equipment to the farming operation. ‘‘( 5 ) FEDERAL AGENCIES.— ‘‘(A) IN GENERAL.— N otwithstanding subsection (d), a Federal agency shall not be eligible to receive any payment, benefit, or loan under title I of the Food, Conservation, and Energy Act of 200 8 or title X II of this Act. ‘‘(B) L AND RENTAL.—A lessee of land owned by a Fed- eral agency may receive a payment described in subsection (b), (c), or (d) if the lessee otherwise meets all applicable criteria. ‘‘( 6 ) STATE AND LOCAL GOVERN M ENTS.— ‘‘(A) IN GENERAL.—Notwithstanding subsection (d), except as provided in subsection (g), a State or local govern- ment, or political subdivision or agency of the government, shall not be eligible to receive any payment, benefit, or
�
