Section 1 Payments for emergency conservation program
In general— The Agricultural Credit Act of 1978 is amended by inserting after section 403 (16 U.S.C. 2203) the following:
“403A. Payments for emergency conservation program
“The maximum cost-share payment under section 701.127 of title 7, Code of Federal Regulations (or successor regulations), shall be equal to the maximum amount under section 701.226(b) of title 7, Code of Federal Regulations (as in effect on the date of enactment of this section).”
Administration— Until the date on which any regulations necessary to carry out section 403A of the Agricultural Credit Act of 1978 (as added by subsection (a)) are fully implemented, the Secretary shall continue to carry out sections 401, 402, and 403 of that Act (16 U.S.C. 2201, 2202, 2203) in the same manner as on the day before the date of enactment of this Act, except that payments made under those sections shall be consistent with section 403A of that Act (as added by subsection (a)).