[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2468 Considered and Passed Senate (CPS)]

103d CONGRESS
  2d Session
                                S. 2468

   To permit the Secretary of Agriculture to make available certain 
amounts for FmHA farm ownership, operating, or emergency loans, and for 
                            other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

           September 27 (legislative day, September 12), 1994

   Mr. Conrad (for himself, Mr. Leahy, Mr. Dorgan, and Mr. Bumpers) 
 introduced the following bill; which was read twice, considered, read 
                       the third time, and passed

_______________________________________________________________________

                                 A BILL


 
   To permit the Secretary of Agriculture to make available certain 
amounts for FmHA farm ownership, operating, or emergency loans, and for 
                            other purposes.

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

SECTION 1. AVAILABILITY OF AMOUNTS FOR FMHA FARM OWNERSHIP, OPERATING, 
              OR EMERGENCY LOANS.

    Notwithstanding any other provision of law, the Secretary of 
Agriculture--
            (1) from the date of enactment of this Act until September 
        30, 1994, may transfer funds so as to make available--
                    (A) the amounts that would otherwise be available 
                for gross obligations for the principal amount of 
                direct farm ownership or emergency loans as authorized 
                by sections 308 and 309 of the Consolidated Farm and 
                Rural Development Act (7 U.S.C. 1928 and 1929); and
                    (B) the amounts that would otherwise be available 
                for the costs of such direct farm ownership or 
                emergency loans (including the cost of modifying loans, 
                as defined in section 502 of the Congressional Budget 
                Act of 1974 (2 U.S.C. 661a));
        for any gross obligations or costs of farm ownership, 
        operating, or emergency loans or credit sales, except that the 
        amounts that would otherwise be available for such costs of 
        such emergency loans may be expended only for such costs of 
        guaranteed subsidized operating loans or credit sales; and
            (2) after September 30, 1994, may not expend funds, or 
        disburse any new loans, made available by a transfer described 
        in paragraph (1) for fiscal year 1994.
                                 <all>