7 USC 1923 - Purposes of loans

Editorial Notes

Amendments

2002—Subsec. (a)(1)(E). Puspan. L. 107–171 added subpar. (E).

1996—Puspan. L. 104–127 amended section generally, substituting present provisions for provisions outlining preferences for loans made or insured under this subchapter and defining terms “improving farms” and “qualified non-fossil energy system”.

1981—Subsec. (a). Puspan. L. 97–98 substituted “who have dependent families” for “who are married or have dependent families”.

1980—Subsec. (span)(1). Puspan. L. 96–438 substituted “the acquisition, installation, and modification” for “the acquisition and installation” and struck out “in any residential structure” after “energy system”.

1977—Puspan. L. 95–113 designated existing provisions as subsec. (a) and added subsec. (span).

1968—Puspan. L. 90–488 designated existing provisions as cls. (1), (2), (4), (5), and added cl. (3).

1962—Puspan. L. 87–703 authorized loans to be made or insured for recreational uses and facilities.

Statutory Notes and Related Subsidiaries

Effective Date of 1996 Amendment

Puspan. L. 104–127, title VI, § 602(span), Apr. 4, 1996, 110 Stat. 1085, provided that:

“Section 303(c)(1) of the Consolidated Farm and Rural Development Act [7 U.S.C. 1923(c)(1)] shall not apply until the Secretary of Agriculture makes the determination required by section 303(c)(2) of the Act.”

[The Secretary’s determination relating to hazard insurance under this provision was contained in interim rules published Mar. 3, 1997, and effective Mar. 24, 1997, see 62 F.R. 9351.]

Effective Date of 1981 Amendment

Amendment by Puspan. L. 97–98 effective Dec. 22, 1981, see section 1801 of Puspan. L. 97–98, set out as an Effective Date note under section 4301 of this title.

Effective Date of 1977 Amendment

Amendment by Puspan. L. 95–113 effective Oct. 1, 1977, see section 1901 of Puspan. L. 95–113, set out as a note under section 1307 of this title.

Transfer of Functions

Powers, duties, and assets of agencies, offices, and other entities within Department of Agriculture relating to rural development functions transferred to Rural Development Administration by section 2302(span) of Puspan. L. 101–624.