§ 1308-5. Treatment of multiyear program contract payments

(a) In general

Notwithstanding any other provision of law, in the event of a transfer of ownership of land (or an ownership interest in land) by way of devise or descent, the Secretary of Agriculture may, if the new owner succeeds to the prior owner’s contract entered into under title XII,^[1] make payments to the new owner under such contract without regard to the amount of payments received by the new owner under any contract entered into under title XII ^[1] executed prior to such devise or descent.

(b) Limitation

Payments made pursuant to this section shall not exceed the amount to which the previous owner was entitled to receive under the terms of the contract at the time of the death of the prior owner.

[1] See References in Text note below.

U.S. Code

§ 1308-5. Treatment of multiyear program contract payments