Volume 84
Public Law 91–620
To amend the Consolidated Farmers Home Administration Act of 1961, as amended, to increase the loan limitation on certain loans.
Approved December 31, 1970
Statutory text
AN ACT
To amend the Consolidated Farmers Home Administration Act of 1961, as amended, to increase the loan limitation on certain loans.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the Consolidated Farmers Home Administration Act of 1961, as amended, is further amended by changing the figure “$60,000” in section 305(a) to “100,000”.
Sec. 2.
Section 302 of the Act, as amended, is amended by inserting after the word “background” the phrase “, except with respect to veterans as defined in section 333(e), a farm background shall not be required as a condit ion precedent to obtaining any loan,”.
Sec. 3.
Section 333 (e) of the Act, as amended, is amended by deleting the word “or” following the word “nation” and inserting in lieu thereof a comma, and by inserting after the words “Korean conflict” the words “or the Vietnam era”.
Approved December 31, 1970.