7 U.S.C. § 1963 — Purpose and extent of loans
submitted 65 years ago by Pub. L. 87-128 to r/title-7-AGRICULTURE · 66 words · no verdicts yet
Loans or loan guarantees under this subchapter may cover purposes authorized under the subchapter’s first two subchapters and certain crop or livestock changes caused by specified emergencies. Loan amounts remain subject to 7 U.S.C. § 1964(a).
Loans may be made or guaranteed under this subchapter for any purpose for which loans may be made under subchapter I or II of this chapter. They may also cover crop or livestock changes made necessary by a quarantine, natural disaster, major disaster, or emergency when the applicant considers the changes desirable. The loan-amount limits in 7 U.S.C. § 1964(a) apply.
Loans may be made or insured under this subchapter for any purpose authorized for loans under subchapter I or II of this chapter and for crop or livestock changes that are necessitated by a quarantine, natural disaster, major disaster, or emergency and that are deemed desirable by the applicant, subject to the limitations on the amounts of loans provided in section 1964(a) of this title.
Source credit: (Pub. L. 87–128, title III, § 323, Aug. 8, 1961, 75 Stat. 311; Pub. L. 96–438, § 3(b)(1), Oct. 13, 1980, 94 Stat. 1873; Pub. L. 104–127, title VI, § 623, Apr. 4, 1996, 110 Stat. 1091; Pub. L. 107–171, title V, § 5201(b), May 13, 2002, 116 Stat. 344.)
- 1961Enacted · Pub. L. 87-128 · 75 Stat. 311
- 1980Amended · Pub. L. 96-438 · 94 Stat. 1873
- 1996Amended · Pub. L. 104-127 · 110 Stat. 1091
- 2002Amended · Pub. L. 107-171 · 116 Stat. 344
A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-128 on 1961-08-08.
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