Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, <<NOTE: Emergency Farm Financial Relief Act.>>
This Act may be cited as the ``Emergency Farm Financial Relief Act''.
FLEXIBILITY CONTRACTS.
Section 112(d) of the Agricultural Market Transition Act (7 U.S.C. 7212(d)) is amended by adding at the end the following: ``(3) Special rule for fiscal year 1999.--Notwithstanding the requirements for making an annual contract payment specified in paragraphs (1) and (2), at the option of the owner or producer, the Secretary shall pay the full amount (or such portion as the owner or producer may specify) of the contract payment required to be paid for fiscal year 1999 at such time or times during that fiscal year as the owner or producer may specify.''.
Approved August 12, 1998.
LEGISLATIVE HISTORY--S. 2344: ---------------------------------------------------------------------------
CONGRESSIONAL RECORD, Vol. 144 (1998): July 30, considered and passed Senate. Aug. 3, considered and passed House. WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 34 (1998): Aug. 12, Presidential statement.
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