[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: 7CFR1412.805]

[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.  1412.805  Enrollment; special filing and payment provisions for persons 

who are not the peanut quota holder of record.

    (a) Enrollment for the Peanut Quota Buyout Program begins September 
3, 2002, and ends November 22, 2002. Application for payment must be 
made by signing the contract. Payments will be made by CCC to eligible 
peanut quota holders as soon as practicable beginning October 11, 2002.
    (b)(1) If contracts or other written claims are provided to CCC by 
October 11, 2002, by two or more persons with respect to the same peanut 
quota used to calculate a Peanut Quota Buyout Program payment, CCC will 
not issue such payment until CCC has determined the eligibility status 
of each claimant.
    (2) If CCC has made a payment to a peanut quota holder, as 
identified on FSA records, for a farm and after October 11, 2002, a 
person who is not a peanut quota holder, as identified on FSA records, 
for such farm submits a contract or other written claim with CCC for the 
same quota used to issue the initial payment, CCC will issue no further 
payments for such farm until CCC has determined the eligibility status 
of each person who has filed a contract or other written claim for such 
farm and the occurrence of the earlier of:
    (i) Repayment of the initial payment made by CCC; or
    (ii) The establishment, in accordance with part 1403 of this 
chapter, by CCC of a claim for repayment of the initial payment.
    (c) Payments to a person who CCC has determined to be an eligible 
peanut quota holder with respect to a farm but who, as of September 3, 
2002, were not the peanut quota holder, as identified on FSA records as 
of May 13, 2002, for such farm will be made by CCC after November 22, 
2002, unless prior to November 22, 2002, CCC has received an 
acknowledgment from the peanut quota holders, as identified on FSA 
records as of May 13, 2002, that they:
    (1) Will not file a contract for such peanut quota; and
    (2) Transferred the peanut quota to such other party prior to May 
13, 2002.