§7283. Commodity Credit Corporation interest rate

(a) In general

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 October 1, 1995.

(b) Sugar

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.

( Pub. L. 104–127, title I, §163, Apr. 4, 1996, 110 Stat. 935 ; Pub. L. 107–171, title I, §1401(c), May 13, 2002, 116 Stat. 187 .)

Editorial Notes

Amendments

2002-Pub. L. 107–171 designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).