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[Tobacco] [S. 1415 Amendments] [8]

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OCR Page 1 of 117
S:\WPSHR\LEGCNSL\XYWRITE\CONSUMER\TABAC1 245 1 (B) ACCELERATED PAYMENTS.-Para- 2 graph (1) shall not apply if accelerated pay- 3 ments for lost tobacco quota are made in ac- 4 cordance with paragraph (12). 5 (C) REDUCTIONS.-If the amounts deter- 6 mined under paragraphs (3), (5), and (6) for a 7 marketing year exceed the amount made avail- 8 able under paragraph (1), the Secretary shall 9 make a pro rata reduction in the amounts pay- 10 able under paragraphs (5) and (6) to quota 11 holders, quota lessees, and quota tenants under 12 this subsection to ensure that the total amount 13 of payments for lost tobacco quota does not ex- 14 ceed the amount made available under para- 15 graph (1). 16 (D) ROLLOVER OF PAYMENTS FOR LOST 17 TOBACCO QUOTA.-Subject to subparagraph 18 (A), if the Secretary makes a reduction in ac- 19 cordance with subparagraph (C), the amount of 20 the reduction shall be applied to the next mar- 21 keting year and added to the payments for lost 22 tobacco quota for the marketing year. 23 (E) ADDITIONAL PAYMENTS TO QUOTA 24 HOLDERS EXERCISING OPTION TO RELINQUISH 25 QUOTA.-If the amount made available under S. 1415 Amdt. March 29, 1998 (8:46 p.m.)

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