Farm Credit Administration Act of 1985 - Amends the Farm Credit Act of 1971 to direct the Federal Land Banks to offer 20-year mortgage loans for agricultural or aquacultural land purchases.
Sets forth lending limits on fully and non-fully secured loans.
Directs the Farm Credit Administration to establish a central reserve for the Farm Credit System (FCS). Sets forth operating provisions.
Directs the Comptroller General to: (1) audit FCS for FY 1985 and for each fifth fiscal year thereafter; and (2) report to the Congress.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
Referred to Subcommittee on Conservation Credit and Rural Development.
Executive Comment Requested from USDA.
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