A bill to amend the Consolidated Farm and Rural Development Act to require that not less than a fixed percentage of all real estate loans be made for the acquisition of farms by certain operators and to provide for the repayment of such loans in graduated installments at the option of such operators.
New Homestead Act of 1980 - Amends the Consolidated Farm and Rural Development Act to require that not less than 40 percent of the real estate loans made under such Act be for the acquisition of family farms by prospective owner-operators. Sets forth the repayment terms for such loans. Directs the Secretary to make or insure at least 500 but not more than 2,000 such loans.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
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