[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: 7CFR1437.14]

[Page 598]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1437_NONINSURED CROP DISASTER ASSISTANCE PROGRAM--Table of Contents
 
                      Subpart A_General Provisions
 
Sec.  1437.14  Payment and income limitations.

    (a) NAP payments shall not be made in excess of $100,000 per person 
per crop year under this part.
    (b) NAP payments shall not be made to a person who has qualifying 
gross revenues in excess of $2 million for the most recent tax year 
preceding the year for which assistance is requested. Qualifying gross 
revenue means:
    (1) With respect to a person who receives more than 50 percent of 
such person's gross income from farming, ranching, and forestry 
operations, the annual gross income for the taxable year from such 
operations; and
    (2) With respect to a person who receives 50 percent or less of such 
person's gross income from farming, ranching, and forestry operations, 
the person's total gross income for the taxable year from all sources.
    (c) CCC will pay, for up to one year, simple interest on payments to 
producers which are delayed. Interest will be paid on the net amount 
ultimately found to be due, and will begin accruing on the 31st day 
after the date the producer signs, dates, and submits a properly 
completed application for payment on the designated form, or the 31st 
day after a disputed application is adjudicated. Interest will be paid 
unless the reason for failure to timely pay is due to the producer's 
failure to provide information or other material necessary for the 
computation of payment, or there was a genuine dispute concerning 
eligibility for payment.
    (d) Rules set out in 7 CFR part 1400 shall apply in implementing the 
restrictions of this section.

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