A bill to amend the emergency loan program under the Consolidated Farm and Rural Development Act.
Repeals the legislation establishing an emergency agricultural and rural loan program under the Consolidated Farm and Rural Development Act, for disasters occurring after June 30, 1971, and July 1, 1973.
Requires the Secretary of Agriculture to make loans in any area designated by him or by the President as a major disaster area: (1) to qualifying farmers, ranchers, or oyster planters who are citizens of the United States; and (2) to eligible private domestic corporations or partnerships engaged primarily in farming ranching, or oyster planting.
Establishes a 5 percent interest rate on emergency agricultural loans.
Increases from $100,000,000 to $500,000,000 the limitation on loans made from the Agricultural Credit Insurance Fund.
Allows eligible applicants in natural disaster areas designated by the Secretary between January 1, 1972, and December 27, 1972, to apply for 1 percent disaster loans if applications have been accepted within 18 days of enactment of this Act.
Referred to House Committee on Agriculture.
Referred to House Committee on Agriculture.
Referred to House Committee on Agriculture.
Referred to House Committee on Agriculture.
Referred to House Committee on Agriculture.
Passed/agreed to in Senate: Measure passed Senate, amended, roll call #69 (79-10).
Roll Call #69 (Senate)Measure passed Senate, amended, roll call #69 (79-10).
Roll Call #69 (Senate)Conference scheduled in House.
Conference scheduled in Senate.
Conference report filed: Conference report filed in House, H. Rept. 93-119.
Conference report filed in House, H. Rept. 93-119.
Conference report agreed to in House: House agreed to conference report.
House agreed to conference report.
Resolving differences -- House actions: House receded and concurred in certain Senate amendments.
House receded and concurred in certain Senate amendments.
Conference report agreed to in Senate: Senate agreed to conference report.
Enacted as Public Law 93-24
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Senate agreed to conference report.
Resolving differences -- Senate actions: Senate receded and concurred in certain House Amendments.
Senate receded and concurred in certain House Amendments.
Measure presented to President.
Measure presented to President.
Signed by President.
Signed by President.
Public law 93-24.
Public law 93-24.