[Code of Federal Regulations]
[Title 7, Volume 7]
[Revised as of January 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR752.15]

[Page 382]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 752--WATER BANK PROGRAM--Table of Contents
 
Sec. 752.15  Adjustment of annual rates.

    (a) The county committee shall reexamine the payment rates with 
respect to each agreement at the beginning of the fifth year of any ten-
year initial or renewal period and before the renewal period expires.
    (b) An adjustment in the payment rates shall be made for any initial 
or renewal period taking into consideration the current land rental 
rates and crop values in the area. No adjustment shall be made in a 
payment rate which will result in a reduction of an annual payment rate 
from the rate which is specified in the initial agreement.