Sec. 5101. Modification of experience eligibility requirement for farm ownership loans
218 words·~1 min read·
/bill/118/s/5335/is/section-5101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 302 of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1922 ) is amended— in subsection (a)(1), in the second sentence, by striking without regard to any lapse between farming experiences, ; and in subsection (b)— by striking paragraph
(1)and inserting the following: The Secretary may make a direct loan under this subtitle only to a farmer or rancher who has at least 1 year of experience substantially participating in the management and business operations of a farm or ranch, as determined by the Secretary, or has other acceptable education or experience, as determined by the Secretary. ; and by striking paragraphs
(3)and
(4)and inserting the following: In the case of a qualified beginning farmer or rancher, the Secretary may waive the 1-year requirement described in paragraph
(1)if the qualified beginning farmer or rancher has an established relationship with an individual who has experience in farming or ranching, or with a local farm or ranch operator or organization, approved by the Secretary and committed to mentoring the qualified beginning farmer or rancher. . Section 303(a) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1923(a) ) is amended— in paragraph (1)(D), by striking described in section 304 ; and in paragraph (2)(D), by striking described in section 304 .
Connectionstraces to 2
Traces to 2 documents
Citation graph
cites case law
Sec. 5101
Modification of experience eligibility requirement for farm ownership loans
Cites 2Cited by 0 across 0 sources