TITLE IX— POLLUTION CONTROI^FINANCING 



1. Agricultural Credit for Pollution Control 

 7 US.C. 1921-1926, 1932 



Sec. 



1921. Congressional findings. 



1922. Persons eligible for loans. 



1923. Purposes of loans; preferences. 



1924. Sou and water conservation, and recreational facil- 



ities and uses, loans. 



1925. Limitation on amount of loan. 



1926. Water and waste facility loans and graiits. 



(a) Criteria: definitions; limitation on allowable 



uses of Federal funds; Inclusion of interest 

 or other Income in gross income on sale 

 of Insured loan. 



(b) Curtailment or limitation of service pro- 



hibited. 



(c) Repealed. 



(d) Carryover of unused authorizations for ap- 



propriations. 



1932. Rural industrialization assistance |New|. 



(a) Loans for private business enterprises and 



pollution abatement and control projects; ' 

 loan guarantees. 



(b) Grants for pollution abatement and control 



projects; limitations. 



(c) Grants for private business enterprises; 



limitation. 



(d) Joint loans or grants for private business 



enterprises; restrictions; system of certifi- 

 cation for expenditious processing of re- 

 quests for assistance. 



§ 1921. Congressional findings. 



The Congress finds that the statutory authority 

 of the Secretary of Agriculture, hereinafter referred 

 to in this chapter as the "Secretary." for making 

 and insuring loans to farmers and ranchers should 

 be revised and consolidated to provide for more ef- 

 fective credit services to farmers. (Pub. L. 87-128. 

 title ni, § 301(b), Aug. 8, 1961, 75 Stat. 307.) 



the applicant resides for loans for similar purposes 

 and periods of time. (Pub. L. 87-128. title ni, § 302. 

 Aug. 8. 1961. 75 Stat. 307 ; Pub. L. 91-620, § 2, Dec. 31, 

 1970, 84 Stat. 1862.) 



Amendments 

 1970 — Pub. L. 91-620 provided that with respect to vet- 

 erans as defined in section 1983 (e| of this title, a farm 

 background shall not be required as a condition precedent 

 to obtaining any loan. 



§1923. Purposes of loans; preferences. 



Loans may be made or insured under this sub- 

 chapter for (11 acquiring, enlarging, or improving 

 farms, including farm buildings, land and water de- 

 velopment, use and conservation, i2) recreational 

 uses and facilities, i3) enterprises needed to supple- 

 ment farm income, <4) refinancing existing indebt- 

 edness, and 1 5) loan closing costs. In making or 

 insuring loans for farm purchase, the Secretary shall 

 give preference to persons who are married or have 

 dependent families and. wherever practicable, to per- 

 sons who are able to make initial downpayments. or 

 who are owners of livestock and farm implements 

 necessary successfully to carry on farming opera- 

 tions, (Pub. L, 87-128, title in, § 303. Aug. 8. 1961, 

 75 Stat. 307; Pub. L. 87-703. title IV. §401(1), 

 Sept. 27, 1962. 76 Stat. 631: Pub. L. 90-488, § 1. 

 Aug 15, 1968, 82 Stat. 770.) 



Amendments 



1968 — Pub. L. 90-488 designated existing provisions as 

 els (I) , (2) , (4) . (5) . and added cl. (3). 



1962 — Pub L 87-703 authorized loans to be made or 

 Insured for recreational uses and facilities. 



§ 1922. Persons eligible for loans. 



The Secretary is authorized to make and insure 

 loans under this subchapter to farmers and ranchers 

 in the United States and in Puerto Rico and the 

 Virgin Islands who (1) are citizens of the United 

 States, (2) have a farm background, except with re- 

 spect to veterans as defined in section 1983(e' of this 

 title, a farm background shall not be required as a 

 condition precedent to obtaining any loan, and either 

 training or farming experience which the Secretary 

 determines is sufficient to assure reasonable pros- 

 pects of success in the proposed farming operations, 

 (3) are or will become owner-operators of not larger 

 than family farms, and (4) are unable to obtain 

 sufficient credit elsewhere to finance their actual 

 needs at reasonable rates and terms, taking into 

 consideration prevailing private and cooperative 

 rates and terms in the community in or near which 



§ 1924. Soil and water conservation, recreational fa- 

 cilities and uses, and rural enterprise loans. 



< a) Loans may also be made or insured under this 

 subchapter to any farmowners or tenants without 

 regard to the requirements of section 1922 (1), (2), 

 and (3) of this title for the purposes only of land 

 and water development, use and conservation, not 

 including recreational uses and facilities, and with- 

 out regard to the requirements of section 1922 (2) 

 and (3) of this title, to individual farmowners or 

 tenants to finance outdoor recreational enterprises 

 or to convert to recreational uses their fanning or 

 ranching operations, including those heretofore fi- 

 nanced under this chapter. 



(b) Loans may also be made or insured under this 

 subchapter to residents of rural areas without re- 

 gard to the requirements of clauses '2) and (3) of 

 section 1922 of this title to acquire or establish in 

 rural areas small business enterprises to provide 



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