[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: 7CFR1421.401]

[Page 454]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1421_GRAINS AND SIMILARLY HANDLED COMMODITIES_MARKETING ASSISTANCE LOANS 
 
         Subpart E_Designated Marketing Associations for Peanuts
 
Sec.  1421.401  Definitions.

    The definitions set forth in this section shall apply for purposes 
of program administration under this subpart. The terms defined in this 
part, in part 718 of this title, and in parts 1425 and 1427 of this 
chapter shall also be applicable, except where those definitions 
conflict with the definitions in this section.
    Administrative County Office is the FSA County Office where a 
producer's FSA records are maintained.
    Control or Recording FSA County Office is the FSA County Office that 
controls subsidiary files for producers designated as multi-county 
producers.
    Current net worth ratio means current assets minus current 
liabilities, divided by current liabilities, based on the financial 
statement provided in connection with a DMA application or a 
recertification for DMA status.
    DMA Service County Office is an FSA County Office designated by CCC 
to accept, process, and disburse bundled peanut MAL's and LDP's to a 
DMA. In the absence of a centralized MAL and LDP processing system for 
peanuts, a service county FSA office is necessary for entering MAL's and 
LDP's made by DMA's into CCC accounting systems.
    Drawdown account is an account titled to the DMA at a financial 
institution and funded at the discretion of CCC for the purpose of 
allowing the DMA to advance funds to producers who have applied for 
MAL's and LDP's before a subsequent MAL or LDP is made to the DMA by an 
assigned FSA county office.
    Electronic warehouse receipt or EWR means a receipt electronically 
filed in a central filing system by an approved provider as provided in 
an executed, ``Farm Service Agency Provider Agreement to Electronically 
File and Maintain Warehouse Receipts.''
    Security means a certified or cashier's check payable to CCC, an 
irrevocable commercial letter of credit in a form acceptable to CCC, a 
performance or surety bond conditioned on the DMA fully discharging all 
of its obligations under this part, or other form of security as CCC may 
deem appropriate.