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7 U.S.C. § 1929a — Level of loan programs under Agricultural Credit Insurance Fund
Federal law — U.S. Code and appendices · legal_authorities
On and after October 28, 1991, no funds in this Act or any other Act shall be available to carry out loan programs under the Agricultural Credit Insurance Fund at levels other than those provided for in advance in appropriations Acts.
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Source file: Laws/federal/codes/united-states-code/title-7/section-1929a-level-of-loan-programs-under-agricultural-credit-insurance-fund--30e4cf9497.md
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Source location: Title 7, Chapter 50, § 1929a; chapter-050-agricultural-credit.md
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On and after October 28, 1991, no funds in this Act or any other Act shall be available to carry out loan programs under the Agricultural Credit Insurance Fund at levels other than those provided for in advance in appropriations Acts.
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Federal law — U.S. Code and appendices · legal_authorities
It is declared to be the policy of Congress, as a measure of national security, to safeguard the health and well-being of the Nation’s children and to encourage the domestic consumption of nutritious agricultural commodities and other food, by assisting the States, through grants-in-aid and other means, in providing an adequate supply of foods and other facilities for the establishment, maintenance, operation, and expansion of nonprofit school lunch programs.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1751
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority of Secretary of Agriculture; maximum amount per project** Subject to sections 8812 and 8817 of this title, the Secretary of Agriculture may commit to make, and make, insured loans in amounts not to exceed $1,000,000 per project for the construction of small-scale biomass energy projects.
**(b) Estimated project construction costs as determinative of initial and revised amount of loan; interest rate**
(1) Any insured loan under this section—
(A) may not exceed 90 per centum of the total estimated cost of construction of the biomass energy project involved, and
(B) shall bear interest at rates determined by the Secretary of Agriculture, taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans, plus not to exceed one per centum, as determined by the Secretary of Agriculture, and adjusted to the nearest one-eighth of one per centum.
(2) In the event the total estimated costs of construction of the project thereafter exceed the total estimated costs initially determined by the Secretary of Agriculture, the Secretary may in addition, upon application therefor, make an insured loan for so much of the additional estimated total costs as does not exceed 10 per centum of the total costs initially estimated.
**(c) Funding requirements; “insured loan” defined**
(1) The Secretary of Agriculture shall make insured loans under this section using, to the extent provided in advance in appropriations Acts, the Agricultural Credit Insurance Fund in section 309 of the Consolidated Farm and Rural Development Act [[7 U.S.C. 1929](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1929&num=0&editio
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 8817
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Federal law — U.S. Code and appendices · legal_authorities
Effective October 1, 1981, and thereafter, in the case of water and waste disposal and community facility borrowers, and effective November 12, 1983, and thereafter, in the case of housing and farm borrowers, upon request of the borrower, the interest rate charged by the Farmers Home Administration to such borrowers shall be the lower of the rates in effect at either the time of loan approval or loan closing and any Farmers Home Administration grant funds associated with such loans shall be set in amount based on the interest rate in effect at the time of loan approval.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1928
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Revolving fund** The fund established pursuant to section 11(a) of the Bankhead-Jones Farm Tenant Act, as amended, shall hereafter be called the Agricultural Credit Insurance Fund and is hereinafter in this subchapter referred to as the “fund”. The fund shall remain available as a revolving fund for the discharge of the obligations of the Secretary under agreements insuring loans under this subchapter and loans and mortgages insured under prior authority.
**(b) Deposits of funds; investments; purchase of notes** Moneys in the fund not needed for current operations shall be deposited in the Treasury of the United States to the credit of the fund or invested in direct obligations of the United States or obligations guaranteed by the United States. The Secretary may purchase with money in the fund any notes issued by the Secretary to the Secretary of the Treasury for the purpose of obtaining money for the fund.
**(c) Notes; form and denominations; maturities; terms and conditions; interest rate; purchase by Treasury; public debt transaction** The Secretary is authorized to make and issue notes to the Secretary of the Treasury for the purpose of obtaining funds necessary for discharging obligations under this section and for authorized expenditures out of the fund. Such notes shall be in such form and denominations and have such maturities and be subject to such terms and conditions as may be prescribed by the Secretary with the approval of the Secretary of the Treasury. Such notes shall bear interest at a rate fixed by the Secretary of the Treasury, taking into consideration the current average market yield of outstanding marketable obligations of the United States having maturities comparable to the notes issued by the Secretary under this subchapter. The Secretar
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1929–1
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Creation; revolving fund; rural development loans** There is hereby created the Rural Development Insurance Fund (hereinafter in this section referred to as the “Insurance Fund”) which shall be used by the Secretary as a revolving fund for the discharge of the obligations of the Secretary under contracts guaranteeing or insuring rural development loans. For the purpose of this section “rural development loans” shall be those provided for by sections 1926(a)(1) and 1932 of this title, except loans (other than for water systems and waste disposal facilities) of a type authorized by [section 1926(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1926/a/1&num=0&edition=prelim) prior to its amendment by the Rural Development Act of 1972.
**(b) Transfer of assets and liabilities** The assets and liabilities of the Agricultural Credit Insurance Fund referred to in [section 1929(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1929/a&num=0&edition=prelim) applicable to loans for water systems and waste disposal facilities under [section 1926(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1926/a/1&num=0&edition=prelim) are hereby transferred to the Insurance Fund. Such assets (including the proceeds thereof) and liabilities and rural development loans guaranteed or insured pursuant to this chapter shall be subject to the provisions of this section.
**(c) Credits in the Treasury; investments; notes, purchasing authority of the Secretary** Moneys in the Insurance Fund not needed for current operations shall be deposited in the Treasury of the United States to the credit of the Insurance Fund or invested in direct obligations of the Unit
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1929b
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Federal law — U.S. Code and appendices · legal_authorities
Page 1086
TITLE 7—AGRICULTURE
§ 1929–1
‘‘(E) The National Institute of Food and Agri-
culture.
‘‘(F) Community colleges or other educational in-
stitutions with demonstrated experience in training
beginning farmers or ranchers.
‘‘(G) Other entities or persons providing lending or
technical assistance for qualified beginning farmers
or ranchers.’’
LIMITATION ON SALES FROM AGRICULTURAL CREDIT
INSURANCE FUND
Pub. L. 99–509, title I, § 1002, Oct. 21, 1986, 100 Stat.
1875, provided that: ‘‘During fiscal years 1987 through
1989, no note shall be sold out of the Agricultural Cred-
it Insurance Fund, except in connection with trans-
actions with the Secretary of the Treasury, without
prior approval by Congress.’’
LOANS TO INDIANS
Authority of the Secretary of Agriculture to make
loans to Indian tribes and tribal corporations to ac-
quire land within reservations, see sections 5136 to 5143
of Title 25, Indians.
§ 1929–1. Level of loan programs under Agricul-
tural Credit Insurance Fund
On and after October 28, 1991, no funds in this
Act or any other Act shall be available to carry
out loan programs under the Agricultural Credit
Insurance Fund at levels other than those pro-
vided for in advance in appropriations Acts.
(Pub. L. 102–142, title III, Oct. 28, 1991, 105 Stat.
899.)
Editorial Notes
CODIFICATION
Section was enacted as part of the Agriculture, Rural
Development, Food and Drug Administration, and Re-
lated Agencies Appropriations Act, 1992, and not as
part of the Consolidated Farm and Rural Development
Act which comprises this chapter.
§ 1929a. Rural Development Insurance Fund
(a) Creation; revolving fund; rural development
loans
There is hereby created the Rural Develop-
ment Insurance Fund (hereinafter in this sec-
tion referred to as the ‘
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1929a
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.