7 U.S.C. § 7283
Commodity Credit Corporation interest rate
Notwithstanding any other provision of law, the monthly Commodity Credit Corporation interest rate applicable to loans provided for agricultural commodities by the Corporation shall be 100 basis points greater than the rate determined under the applicable interest rate formula in effect on
For purposes of this section, raw cane sugar, refined beet sugar, and in-process sugar eligible for a loan under section 7272 of this title shall not be considered an agricultural commodity.
2002—Pub. L. 107–171 designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).
Notes of Decisions
Cited in 4
cases, 2004–2013 · leading case: Holly Sugar Corp. v. Veneman, 335 F. Supp. 2d 100 (D.D.C. 2004).
Holly Sugar Corp. v. Veneman, 335 F. Supp. 2d 100 (D.D.C. 2004). “187 (“FSRI Act” or “2000 Act”), codified as amended at 7 U.S.C. § 7283 , as applied to loans made by the Commodity Credit Corporation (“CCC”) to sugar producers.”
Holly Sugar Corp. v. Veneman, 355 F. Supp. 2d 181 (D.D.C. 2005). “187 (“FSRI Act” or “2002 Act”), and codified as amended at 7 U.S.C. § 7283 , as applied to loans made by the Commodity Credit Corporation (“CCC”) to sugar producers.”
Levin v. United States, 568 U.S. 503 (2013). “, 7 U. S. C. § 7283 (b) (“For purposes of this section, raw cane sugar, refined beet sugar, and in-process sugar eligible for a loan .”
Holly Sugar Corp v. Johanns, Mike, 437 F.3d 1210 (D.C. Cir. 2006). “888 , 935 (codified as amended at 7 U.S.C. § 7283 (a)). Because the “applicable interest rate formula” was the Treasury rate, the 1996 legislation effectively set the interest rate at one percentage point above the Treasury rate.”
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