Sec. 5003. Joint financing arrangements
104 words·~1 min read·
/bill/113/hr/2642/enr/section-5003·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 307(a)(3) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1927(a)(3) ) is amended by striking subparagraph
(D)and inserting the following: If a direct farm ownership loan is made under this subtitle as part of a joint financing arrangement and the amount of the direct farm ownership loan does not exceed 50 percent of the total principal amount financed under the arrangement, the interest rate on the direct farm ownership loan shall be a rate equal to the greater of— the difference between— 2 percent; and the interest rate for farm ownership loans under this subtitle; or 2.5 percent. .
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 5003
Joint financing arrangements
Cites 1Cited by 0 across 0 sources