[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1401.5]

[Page 344]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1401_COMMODITY CERTIFICATES, IN KIND PAYMENTS, AND OTHER FORMS OF 
 
Sec.  1401.5  In kind payments.

    (a) Subject to the provisions of Sec. Sec.  1470.2 and 1470.3, CCC 
may make payments in the form of commodities. Quantities of commodities 
made available as payment shall be based upon the value of the 
commodity, as determined by CCC. Such quantity may be adjusted by CCC to 
reflect the location, quality, and other similar factors which CCC 
determines to affect the value of the commodity.
    (b) The transfer of title to commodities made available in 
accordance with paragraph (a) of this section shall be in store, except 
as determined by CCC, and shall be made without regard to any State law 
or any claim of lien against the commodity, or proceeds thereof, which 
may be asserted by any creditor except agencies of the U.S. Government 
whose lien arises specifically under Federal statute. The recipient of 
such commodities shall be responsible for all costs incurred in 
transferring title to the commodity, except as specifically provided by 
CCC.