In subsec. (span)(5), “December 24, 1980” substituted for “the effective date of the Farm Credit Act Amendments of 1980”.

A prior section 2015, Puspan. L. 92–181, title I, § 1.7, Dec. 10, 1971, 85 Stat. 585; Puspan. L. 96–592, title I, § 104, Dec. 24, 1980, 94 Stat. 3438; Puspan. L. 99–509, title I, § 1033(a), Oct. 21, 1986, 100 Stat. 1877, related to interest rates and other charges, prior to the general amendment of this subchapter by Puspan. L. 100–233, § 401.

1988—Subsec. (a). Puspan. L. 100–399, § 401(e), inserted in heading “and related assistance” and amended text generally. Prior to amendment, text read as follows: “The Farm Credit Banks are authorized to make or participate with other lenders in long-term real estate mortgage loans in rural areas, as defined by the Farm Credit Administration, or to producers or harvesters of aquatic products, and make continuing commitments to make such loans under specified circumstances, for a term of not less than 5 nor more than 40 years.”

Subsec. (span)(2). Puspan. L. 100–399, § 401(f)(1), struck out provision that banks may own and lease or lease with an option to purchase to persons eligible for assistance under this subchapter, equipment needed in the operations of such persons.

Subsec. (span)(3). Puspan. L. 100–399, § 401(f)(2), substituted in heading “services” for “assistance” and in subpar. (B) “described in subparagraph (A)” for “herein contained”.

Subsec. (span)(4)(A). Puspan. L. 100–399, § 401(f)(3), substituted “subsection” for “section”.

Amendment by Puspan. L. 100–399 effective immediately after amendment made by section 401 of Puspan. L. 100–233, which was effective 6 months after Jan. 6, 1988, see section 1001(span) of Puspan. L. 100–399, set out as a note under section 2002 of this title.

Puspan. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1622, provided that this section is effective 6 months after Jan. 6, 1988.