Sec. 3. Financial assistance based on production losses
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Section 329 of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1970 ) is amended— by striking the section designation and all that follows through The Secretary in the first sentence and inserting the following: The Secretary ; in subsection
(a)(as so designated)— by striking if the applicant and inserting the following: “if— the applicant ; in paragraph
(1)(as so designated), by striking at least a 30 per centum and all that follows through in effect for the previous year and the and inserting the following: “a qualifying production loss, as determined by the Secretary, as a result of the disaster; and the ; and in paragraph
(2)(as so designated), by striking Such loans and inserting the following: A loan under subsection
(a); and in subsection
(b)(as so designated)— by striking per centum, and inserting percent, ; and by striking per centum as and inserting percentage as .
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Sec. 3
Financial assistance based on production losses
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