Sec. 5603. GAO report on ability of the Farm Credit System to meet the agricultural credit needs of Indian tribes and their members
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/bill/115/hr/2/pcs/section-5603A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Comptroller General of the United States shall— study the agricultural credit needs of farms, ranches, and related agricultural businesses that are owned or operated by— Indian tribes on tribal lands; or enrolled members of Indian tribes on Indian allotments; and determine whether the institutions of the Farm Credit System have sufficient authority and resources to meet the needs. In subsection (a), the term Indian tribe means an Indian tribal entity that is eligible for funding and services from the Bureau of Indian Affairs by virtue of the status of the entity as an Indian tribe.
Within 90 days after the date of the enactment of this Act, the Comptroller General of the United States shall prepare and submit to the Committees on Agriculture and on Natural Resources of the House of Representatives a written report that contains the findings of the study conducted under subsection (a). If the Comptroller General finds that the institutions of the Farm Credit System do not have sufficient authority or resources to meet the needs referred to in subsection (a), the report shall include such legislative and other recommendations as the Comptroller General determines would result in a system under which the needs are met in an equitable and effective manner.