7 U.S.C. § 1990 — Transfer of lands to Secretary

Page 1151 TITLE 7—AGRICULTURE § 1990a AMENDMENTS 2018—Subsec. (d)(3). Pub. L. 115–334 substituted ‘‘Pre- ferred Certified Lender’’ for ‘‘preferred certified lend- er’’. 2002—Subsec. (e). Pub. L. 107–171 added subsec. (e). 1999—Subsec. (b)(3). Pub. L. 106–31 struck out ‘‘, including expenses of replacing capital items (deter- mined after taking into account depreciation of the items)’’ after ‘‘paragraph (1)’’. 1992—Pub. L. 102–554, inserted section catchline, des- ignated existing provisions as subsec. (a), inserted heading, and added subsecs. (b) to (d). Statutory Notes and Related Subsidiaries REGULATIONS Pub. L. 102–554, § 23, Oct. 28, 1992, 106 Stat. 4161, pro- vided that: ‘‘(a) INTERIM REGULATIONS.—Not later than 180 days after the date of enactment of this Act [Oct. 28, 1992], the Secretary of Agriculture shall issue such interim regulations as are necessary to implement this Act [see Short Title of 1992 Amendment note set out under sec- tion 1921 of this title] and the amendments made by this Act. ‘‘(b) FINAL REGULATIONS.—Not later than October 1, 1993, the Secretary of Agriculture shall issue such final regulations as are necessary to implement this Act and the amendments made by this Act.’’ Pub. L. 100–233, title VI, § 624, Jan. 6, 1988, 101 Stat. 1685, provided that: ‘‘Within 150 days after the date of the enactment of this title [Jan. 6, 1988], and after con- sidering public comment obtained under section 553 of title 5, United States Code, the Secretary shall issue final regulations to carry out the amendments made by this title [enacting sections 1981d, 1981e, 1983c, and 2001 to 2005 of this title, amending sections 1927, 1927a, 1981, 1982, 1983b, 1985, 1991, 1997, 1999, and 2000 of this title, and amending provisions set out as a note under sec- tion 1999 of this title].’’ STUDY AND REPORT TO CONGRESS BEFORE ISSUANCE OF CERTAIN FINAL REGULATIONS Pub. L. 100–233, title VI, § 621, Jan. 6, 1988, 101 Stat. 1684, provided that: ‘‘Not later than 60 days before the Secretary of Agriculture issues final regulations pro- viding for the use of ratios and standards as part of loan applications or preapplications, for determining the degree of potential loan risk on loans insured or guaranteed under the Consolidated Farm and Rural De- velopment Act [7 U.S.C. 1921 et seq.], the Secretary shall complete a study and report to the Committee on Agriculture, Nutrition, and Forestry of the Senate and the Committee on Agriculture of the House of Rep- resentatives on the effects of such regulations on a rep- resentative sample of persons who, as of the date of the enactment of this Act [Jan. 6, 1988], are borrowers or potential borrowers of such loans, and shall dem- onstrate in such study that the implementation of such final regulations will not result in a portfolio of bor- rowers that is inconsistent with the purposes of the Consolidated Farm and Rural Development Act.’’ AVAILABILITY OF FUNDS FOR CONTINUING ASSISTANCE TO DELINQUENT BORROWERS; PROHIBITION ON USE OF FUNDS Pub. L. 100–71, title I, July 11, 1987, 101 Stat. 429, pro- vided in part that: ‘‘Hereafter, funds appropriated or available to the Farmers Home Administration under this or any other Act to make or to service farm loans shall be available for continuing assistance to delinquent borrowers on the basis of the policies contained in Farmers Home Administration Announcement Number 1113–1960, dated November 30, 1984. ‘‘Hereafter, none of the funds appropriated or made available by this or any other Act, or otherwise made available to the Secretary of Agriculture or the Farm- ers Home Administration, may be used to implement section 1944.16(c)(1) of title 7, Code of Federal Regula- tions, as published in 52 Federal Register 11983 (April 14, 1987) or any other regulation that would have the same effect as such regulation.’’ COORDINATED FINANCIAL STATEMENTS; USE OF SUBMISSION REQUIREMENT PROHIBITED Pub. L. 99–198, title XIII, § 1325, Dec. 23, 1985, 99 Stat. 1540, provided that: ‘‘The Secretary of Agriculture shall not use or require the submission of the coordinated fi- nancial statement referred to in the proposed regula- tions of the Farmers Home Administration published in the Federal Register of November 8, 1983 (48 F.R. 51312–51317) in connection with an application sub- mitted on or after the date of the enactment of this Act [Dec. 23, 1985] for any loan under any program of the Department of Agriculture carried out by the Farmers Home Administration.’’ § 1990. Transfer of lands to Secretary The President may at any time in his discre- tion transfer to the Secretary any right, inter- est, or title held by the United States in any lands acquired in the program of national de- fense and no longer needed therefor, which the President shall find suitable for the purposes of this chapter, and the Secretary shall dispose of such lands in the manner and subject to the terms and conditions of the chapter. (Pub. L. 87–128, title III, § 340, Aug. 8, 1961, 75 Stat. 318.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in text, was in the original ‘‘this title’’, meaning title III of Pub. L. 87–128, Aug. 8, 1961, 75 Stat. 307, known as the Consolidated Farm and Rural Development Act, which is classified principally to this chapter. For complete classification of title III to the Code, see Short Title note set out under section 1921 of this title and Tables. Executive Documents DELEGATION OF FUNCTIONS Authority of President under this section in his dis- cretion to transfer to Secretary of Agriculture any right, interest or title held by United States in any lands acquired in program of national defense and no longer needed for that program, and to determine suit- ability of lands to be transferred, for purposes referred to in this section, delegated to Administrator of Gen- eral Services, provided, that exercise by Administrator of authority delegated to him herein shall require con- currence of Secretary of Defense as to absence of fur- ther need of lands for national defense program, see section 1(15) of Ex. Ord. No. 11609, July 22, 1971, 36 F.R. 13747, set out as a note under section 301 of Title 3, The President. § 1990a. Refinancing of certain rural hospital debt Assistance under section 1926(a) of this title for a community facility, or under section 1932 of this title, may include the refinancing of a debt obligation of a rural hospital as an eligible loan or loan guarantee purpose if the assistance would help preserve access to a health service in a rural community, meaningfully improve the financial position of the hospital, and otherwise meet the financial feasibility and adequacy of security requirements of the Rural Development Agency.