7 U.S.C. § 8733 — Term of loans

(a) Term of loan In the case of each loan commodity , a marketing assistance loan under section 8731 of this title shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made. (b) Extensions prohibited The Secretary may not extend the term of a marketing assistance loan for any loan commodity . ( Pub. L. 110–234, title I, § 1203 , May 22, 2008 , 122 Stat. 956 ; Pub. L. 110–246, § 4(a) , title I, § 1203, June 18, 2008 , 122 Stat. 1664 , 1684.) Editorial Notes Codification Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246 . Statutory Notes and Related Subsidiaries Effective Date Enactment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008 , the date of enactment of Pub. L. 110–234 , see section 4 of Pub. L. 110–246 , set out as a note under section 8701 of this title .

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