; by (2) the production history calculation with respect to such dairy operation determined under subsection (c) (such that total covered production history does not exceed 5 million pounds). (f) Regulations Not later than 45 days after the date of the enactment of this section, the Secretary shall issue regulations to carry out this section. (g) Prohibition with respect to dairy margin coverage enrollment The Secretary may not reopen or otherwise provide a special enrollment for dairy margin coverage (as defined in section 1401 of the Agricultural Act of 2014 ( 7 U.S.C. 9051 )) for purposes of establishing eligibility for supplemental dairy margin coverage payments under this section. (h) Retroactive application for calendar year 2020 The Secretary shall make payments under this section to eligible dairy operations described in subsection (b)(1) for months after and including January, 2020. (i) Sunset The authority to make payments under this section shall terminate on December 31, 2023. (j) Funding There is appropriated, out of any funds in the Treasury not otherwise appropriated, to carry out this section such sums as necessary, to remain available until the date specified in subsection (i). 203. Recourse loan program for commercial processors of dairy products (a) In general The Secretary shall make recourse loans available to qualified applicants during the COVID–19 pandemic. (b) Amount of loan (1) In general A recourse loan made under this section shall be provided to qualified applicants up to the value of the eligible dairy product inventory of the applicant as determined by the Secretary and in accordance with subsection (c). (2) Valuation For purposes of making recourse loans under this section, the Secretary shall conduct eligible dairy product valuations to provide, to the maximum extent practicable, funds to continue the operations of qualified applicants. (c) Inventory used as collateral Eligible dairy product inventory used as collateral for the recourse loan program under this section shall be