Sec. 5002. Conservation loan and loan guarantee program
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Section 304(c) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1924(c) ) is amended by striking or limited liability companies and inserting limited liability companies, or such other legal entities as the Secretary considers appropriate . Section 304(e) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1924(e) ) is amended by striking shall be 75 percent of the principal amount of the loan. and inserting “shall be— 80 percent of the principal amount of the loan; or in the case of a producer that is a qualified socially disadvantaged farmer or rancher or a beginning farmer or rancher, 90 percent of the principal amount of the loan. .
Section 304 of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1924 ) is amended by striking subsection
(h)and inserting the following: There is authorized to be appropriated to the Secretary to carry out this section $150,000,000 for each of fiscal years 2014 through 2018. .
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Sec. 5002
Conservation loan and loan guarantee program
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