[Code of Federal Regulations]
[Title 7, Volume 7, Parts 700 to 899]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR783.5]

[Page 473]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 783--1997 TREE ASSISTANCE PROGRAM--Table of Contents
 
Sec. 783.5  Ownership, income and payment limitations.

    (a) An eligible owner must:
    (1) Own less than 500 acres of each type of eligible tree or 
eligible vine, regardless of their size or condition, which produce 
annual crops for commercial purposes, or are grown for harvest for 
commercial purposes; and
    (2) Have owned the eligible trees or eligible vines at the time the 
natural disaster occurred and continuously until the application for TAP 
benefits is submitted.
    (b) No person, as defined in part 1400 of this title, as applicable, 
with an annual gross revenue in excess of $2.5 million for the 1996 tax 
year will be eligible for TAP benefits.
    (c) The amount of payments which any person, as determined in 
accordance with part 1400 of this title, may receive under this part in 
connection with losses of eligible trees and eligible vines, shall not 
exceed $25,000.
    (d) An owner who acquires eligible trees or eligible vines from a 
previous owner approved for 1997 TAP shall not receive additional 
program benefits due to an increase in the number of persons associated 
with the new ownership. A new owner is allowed to receive TAP benefits 
not paid to the previous owner if the new owner:
    (1) Acquires ownership of land or trees for which TAP benefits have 
been approved;
    (2) Meets the income and payment limitation under this part;
    (3) Agrees to complete all practices which the original owner has 
not completed; and
    (4) Agrees to receive any remaining payments and assumes full 
responsibility for all provisions of TAP, including refund of payments 
made to the previous owner, if necessary.
    (e) In the event the total amount of claims submitted under this 
part during the sign-up period exceeds the applicable funds available 
for such period, such payments shall be reduced by a uniform national 
percentage. Such payment reductions shall be applied after the 
imposition of applicable payment limitation provisions.
    (f) Federal, State, and local governments and agencies and political 
subdivisions thereof are not eligible for benefits under this part.