Title 7 — AgricultureRelease 119-73
§7283 Commodity Credit Corporation interest rate
Title 7 › Chapter CHAPTER 100— - AGRICULTURAL MARKET TRANSITION › Subchapter SUBCHAPTER V— - ADMINISTRATION › § 7283
Summary
Makes the monthly interest rate on Commodity Credit Corporation loans for agricultural commodities 100 basis points (1 percentage point) higher than the rate from the interest-rate formula that was in effect on October 1, 1995. Under this rule, raw cane sugar, refined beet sugar, and in-process sugar that are eligible for loans under section 7272 are not treated as agricultural commodities.
Full Legal Text
Title 7, §7283
Agriculture — Source: USLM XML via OLRC
(a)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)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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2002—Pub. L. 107–171 designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).
Reference
Citations & Metadata
Citation
7 U.S.C. § 7283
Title 7 — Agriculture
Last Updated
Apr 6, 2026
Release point: 119-73