[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: 7CFR1412.803]

[Page 411]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1412_DIRECT AND COUNTER-CYCLICAL PROGRAM AND PEANUT QUOTA BUYOUT 
 
                  Subpart H_Peanut Quota Buyout Program
 
Sec.  1412.803  Definitions.

    The definitions in this section shall apply for all purposes of 
administering the Peanut Quota Buyout. The terms defined in part 718 of 
this title and part 1400 of this chapter shall also be applicable, 
except where those definitions conflict with the following definitions 
in this section:
    Contract means a Peanut Quota Buyout Program Contract, and its 
Appendix for the Peanut Quota Buyout Program to be executed on a form 
and in a manner as prescribed by CCC.
    Deputy Administrator means the Deputy Administrator for Farm 
Programs, FSA, or a designee.
    Eligible Quota means the amount of peanut quota owned by an eligible 
peanut quota holder as of May 13, 2002, based on the 2001 quota for the 
purposes of determining Peanut Quota Buyout Program payments. Eligible 
quota does not include peanut quota established for seed or experimental 
purposes and quotas subject to a temporary lease or transfer.