[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 2344 Enrolled Bill (ENR)]

        S.2344

                       One Hundred Fifth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

          Begun and held at the City of Washington on Tuesday,
the twenty-seventh day of January, one thousand nine hundred and ninety-
                                  eight


                                 An Act


 
   To amend the Agricultural Market Transition Act to provide for the 
  advance payment, in full, of the fiscal year 1999 payments otherwise 
            required under production flexibility contracts.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Emergency Farm Financial Relief 
Act''.
SEC. 2. SPECIAL RULE FOR FISCAL YEAR 1999 PAYMENT UNDER PRODUCTION 
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.''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.