To amend the Agricultural Credit Act of 1978 to remove barriers to agricultural producers in accessing funds to carry out emergency measures under the emergency conservation program, and for other purposes, section 2, Sec. 2.
Written by .
A replacement draws 75 percent of its cost
The document says “is amended”Who acts: CongressHow: statuteSec. 2 in the PDF
What the document says
“with respect to a payment to the agricultural producer for a replacement, 75 percent of the cost of the replacement, as determined by the Secretary”
Subparagraph (A) of the text inserted into paragraph (1) of subsection (b). Where the payment to the agricultural producer is for a replacement, the amount the producer may receive under the option is 75 percent of the cost of the replacement, as determined by the Secretary.
What the document actually says
“with respect to a payment to the agricultural producer for a replacement, 75 percent of the cost of the replacement, as determined by the Secretary”
That sentence, in plain words
One rule is for a swap. A new thing takes the place of the old one. The farmer can take 75 out of every 100 dollars of the cost.
What this is about
The Secretary works out what the job costs. That number sets the pay.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The quotation is the document's own words, exactly as printed, and we check the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
