§ 2075. Short- and intermediate-term loans; participation; other financial assistance; terms; conditions; interest; security

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1988

   Farm Credit Act of 1971

   Pub. L. 92–181 title II § 2 · 85 Stat. 583

   Enacted · 12 U.S.C. § 2075

   Pub. L. 92–181, title II, § 2.4, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1632

   Source evidence

   Code source credit
   Pub. L. 92–181, title II, § 2.4, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1632

   Enacted provision · exact public law section
   (2) Have succession until dissolved under the provisions of this Act or other Act of Congress.

2. 1988

   Agricultural Credit Technical Corrections Act of 1988

   Pub. L. 100–399 § 401(p) · 102 Stat. 989

   1. Substituted · 12 U.S.C. § 2075(b)(1)

      Pub. L. 100–399, § 401(p), substituted “this part” for “this subchapter”

   2. Substituted · 12 U.S.C. § 2075(b)(1)

      Pub. L. 100–399, § 401(p), substituted “or planned” for “planned”

   Source evidence

   Code amendment note
   Subsec. (b)(1). Pub. L. 100–399, § 401(p), substituted “this part” for “this subchapter” and substituted “or planned” for “planned”.

   Enacted provision · exact public law section
   (p) Section 2.4(b)(1) is amended— (1) by striking out “title” and inserting in lieu thereof “subtitle”; 12 USC 2075. and (2) by inserting “or” before “planned”.

   Effective date note
   Amendment by Pub. L. 100–399 effective immediately after amendment made by section 401 of Pub. L. 100–233, which was effective 6 months after Jan. 6, 1988, see section 1001(b) of Pub. L. 100–399, set out as a note under section 2002 of this title.

3. 1988

   Agricultural Credit Technical Corrections Act of 1988

   Pub. L. 100–399 § 401(q) · 102 Stat. 989

   Added · 12 U.S.C. § 2075(d)

   Pub. L. 100–399, § 401(q), added subsec. (d)

   Source evidence

   Code amendment note
   Subsec. (d). Pub. L. 100–399, § 401(q), added subsec. (d).

   Enacted provision · exact public law section
   (q) Section 2.4 is amended by adding at the end the following: “(d) Special District Rule.— “(1) Provision of credit and technical assistance outside service territory.— Notwithstanding any territorial limitation in the charter of a production credit association located in a district in which there are only two such associations, the Farm Credit Administration Board, on request of such association, may permit such association to provide credit and technical assistance to any borrower who is denied credit by the other production credit association in the district if the Board determines that such other production credit association in the district is unduly restrictive in the application of credit standards. “(2) Timing of determination.— If the Farm Credit Administration Board approves the extension of credit and technical assistance under paragraph (1), the association shall approve or deny the application for credit within 90 days after receipt of the application from the borrower.”.

   Effective date note
   Amendment by Pub. L. 100–399 effective immediately after amendment made by section 401 of Pub. L. 100–233, which was effective 6 months after Jan. 6, 1988, see section 1001(b) of Pub. L. 100–399, set out as a note under section 2002 of this title.

4. 1990

   Food, Agriculture, Conservation, and Trade Act of 1990

   Pub. L. 101–624 title XVIII § 1832(b) · 104 Stat. 3359

   Substituted · 12 U.S.C. § 2075(a)(1)

   Pub. L. 101–624 substituted “some portion of the total processing or marketing for which financing is extended, except that the aggregate of the financing provided by any association for basic processing and marketing directly related to the operations of farmers, ranchers, and producers or harvesters of aquatic products, if the operations of the applicant supply less than 20 percent of the total processing or marketing for which financing is extended, shall not exceed 15 percent of the total of all outstanding loans of all associations in the district at the end of its preceding fiscal year” for “at least 20 percent, or such larger percent as is required by the supervising bank under regulations of the Farm Credit Administration, of the total processing or marketing for which financing is extended”

   Source evidence

   Code amendment note
   Subsec. (a)(1). Pub. L. 101–624 substituted “some portion of the total processing or marketing for which financing is extended, except that the aggregate of the financing provided by any association for basic processing and marketing directly related to the operations of farmers, ranchers, and producers or harvesters of aquatic products, if the operations of the applicant supply less than 20 percent of the total processing or marketing for which financing is extended, shall not exceed 15 percent of the total of all outstanding loans of all associations in the district at the end of its preceding fiscal year” for “at least 20 percent, or such larger percent as is required by the supervising bank under regulations of the Farm Credit Administration, of the total processing or marketing for which financing is extended”.

   Enacted provision · exact public law section
   (b) Production Credit Associations.— Section 2.4(a)(1) (12 U.S.C. 2075(a)(1)) is amended by striking “at least 20 percent,” and all that follows through the end of the paragraph and inserting “some portion of the total processing or marketing for which financing is extended, except that the aggregate of the financing provided by any association for basic processing and marketing directly related to the operations of farmers, ranchers, and producers or harvesters of aquatic products, if the operations of the applicant supply less than 20 percent of the total processing or marketing for which financing is extended, shall not exceed 15 percent of the total of all outstanding loans of all associations in the district at the end of its preceding fiscal year;”.

5. 2018

   Agriculture Improvement Act of 2018

   Pub. L. 115–334 title V § 5411(3) · 132 Stat. 4490

   Struck · 12 U.S.C. § 2075(d)

   Pub. L. 115–334 struck out subsec. (d) which described a special rule for providing credit and technical assistance in a district containing only two production credit associations

   Source evidence

   Code amendment note
   Subsec. (d). Pub. L. 115–334 struck out subsec. (d) which described a special rule for providing credit and technical assistance in a district containing only two production credit associations.

   Enacted provision · exact public law section
   (3) Section 2.4 of the Farm Credit Act of 1971 (12 U.S.C. 2075) is amended by striking subsection (d).

6 of 6 references resolved to an enrolled provision