§1425.16. Payment limitation and adjusted gross income provisions.
7 C.F.R. § 1425.16
CMAs must apply any market loan gains received on behalf of members to the loan pool for distribution. However, CMAs must also monitor market loan gains they receive from CCC on behalf of their members and must not obtain market loan gains for a member above the member's payment limitation determined as specified in part 1400 of this chapter.
CMAs must monitor LDPs they receive from CCC on behalf of their members and not obtain LDPs for a member whose AGI is above the limit specified in part 1400 of this chapter.
Notes, amendments, and revision history
Amendments
[80 FR 131, Jan. 2, 2015]
Authority
Authority: 7 U.S.C. 1441 and 1421, 7 U.S.C. 7931-7939; and 15 U.S.C. 714b, 714c, and 714j.
Source
Source: 63 FR 17312, Apr. 9, 1998, unless otherwise noted.
Amendments
[80 FR 131, Jan. 2, 2015]