[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5065 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 5065

   To amend the Consolidated Farm and Rural Development Act to make 
   technical corrections to certain provisions relating to beginning 
                         farmers and ranchers.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 20, 1994

  Mr. Penny introduced the following bill; which was referred to the 
                        Committee on Agriculture

_______________________________________________________________________

                                 A BILL


 
   To amend the Consolidated Farm and Rural Development Act to make 
   technical corrections to certain provisions relating to beginning 
                         farmers and ranchers.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Beginning Farmer Technical 
Corrections Act of 1994''.

SEC. 2. LAND OWNERSHIP LIMITATION MADE INAPPLICABLE TO OPERATING LOANS.

    Section 343(a)(11) of the Consolidated Farm and Rural Development 
Act (7 U.S.C. 1991(a)(11)) is amended by adding after and below the end 
the following:
        ``As used in subtitle B, the term `qualified beginning farmer 
        or rancher' shall have the meaning given in the preceding 
        sentence without regard to subparagraph (F).''.

SEC. 3. GRADUATION OF BORROWERS WITHOUT REGARD TO YOUTH LOANS.

    Section 319 of the Consolidated Farm and Rural Development Act (7 
U.S.C. 1949) is amended by adding at the end the following:
    ``(c) Disregard of Loans Made to Youths.--As used in this section, 
the term `loan' does not include any loan made under section 312(b).''.

SEC. 4. LOAN HISTORY AND GUARANTEE HISTORY CONSIDERED SEPARATELY IN 
              APPLYING THE TRANSITION RULE FOR GRADUATION OF BORROWERS.

    Section 319(b)(2) of the Consolidated Farm and Rural Development 
Act (7 U.S.C. 1949(b)(2)) is amended by striking all that follows the 
4th comma and inserting ``the Secretary shall not make a loan to the 
borrower under this subtitle after the 5th year occurring after the 
date of enactment for which a loan is made under this subtitle to the 
borrower, nor shall the Secretary provide such a guarantee with respect 
to a loan made to the borrower for a purpose specified in this subtitle 
after the 5th year occurring after the date of enactment for which such 
a guarantee is provided with respect to the borrower.''.
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