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Federal regulations · Through 2026-08-25 · Newer source version available

7 CFR 1450.106: Payments.

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Where this section sits in the code
  1. Title 7—Agriculture
  2. Subtitle B—Regulations of the Department of Agriculture
  3. CHAPTER XIV—COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
  4. SUBCHAPTER B—LOANS, PURCHASES, AND OTHER OPERATIONS
  5. PART 1450—BIOMASS CROP ASSISTANCE PROGRAM (BCAP)
  6. Subpart B—Matching Payments

(a) Payments under this subpart will be made for a term not to exceed 2 years, commencing on the date that CCC issues the first payment under this subpart to the participant. The 2-year eligibility period for each participant runs from the date that the participant is first issued any matching payment from CCC, regardless of payment for subsequent deliveries to any other biomass conversion facility. The eligibility period will not include any BCAP matching payments received prior to May 28, 2015.

(b) Payments under this subpart will be paid at a rate of $1 for each $1 per dry ton provided by the qualified biomass conversion facility for the market-based sale of eligible material in an amount up to $20 per dry ton.

Collected 2026-08-27T02:24:01Z. Source file · JSON

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