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Title 7 — Agriculture

Chapter 50 — Agricultural Credit

§ 1927a. Loan interest rates charged by Farmers Home Administration; grant funds associated with loans

Statutory text

Effective , and thereafter, in the case of water and waste disposal and community facility borrowers, and effective , 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.

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. Pub. L. 99–88 title I § 100 · 99 Stat. 293

    Enacted · 7 U.S.C. § 1927a

    Pub. L. 99–88, title I, § 100, Aug. 15, 1985, 99 Stat. 296

    Source evidence

    Code source credit
    Pub. L. 99–88, title I, § 100, Aug. 15, 1985, 99 Stat. 296

  2. Agricultural Credit Act of 1987

    Pub. L. 100–233 title VI § 615(b)(1)(A) · 101 Stat. 1568

    1. Substituted · 7 U.S.C. § 1927a

      Pub. L. 100–233 substituted “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” for “Effective November 12, 1983, and thereafter”

    2. Substituted · 7 U.S.C. § 1927a

      Pub. L. 100–233 substituted “to such borrowers” for “to housing, farm, water and waste disposal, and community facility borrowers”

    Source evidence

    Code amendment note
    Pub. L. 100–233 substituted “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” for “Effective November 12, 1983, and thereafter” and “to such borrowers” for “to housing, farm, water and waste disposal, and community facility borrowers”.

    Enacted provision · exact public law section
    (A) In general.— The item designated “Loan Programs” under the subheading “Farmers Home Administration” in chapter I of title I of the Supplemental Appropriations Act, 1985 (7 U.S.C. 1927a; 99 Stat. 296) is amended— (i) by striking out “Effective November 12, 1983, and thereafter,” and inserting in lieu thereof “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,”; and (ii) by striking out “housing, farm, water and waste disposal, and community facility” and inserting in lieu thereof “such”,

2 of 3 references resolved to an enrolled provision · 1 partial

Editorial Notes

Codification

Section was enacted as part of the Supplemental Appropriations Act, 1985, and not as part of the Consolidated Farm and Rural Development Act which comprises this chapter.

Amendments

1988—Pub. L. 100–233 substituted “Effective , and thereafter, in the case of water and waste disposal and community facility borrowers, and effective , and thereafter, in the case of housing and farm borrowers” for “Effective , and thereafter” and “to such borrowers” for “to housing, farm, water and waste disposal, and community facility borrowers”.

Statutory Notes and Related Subsidiaries

Applicability of 1988 Amendment

Pub. L. 100–233, title VI, § 615(b)(1)(B), , 101 Stat. 1682, provided that: “The amendment made by subparagraph (A) [amending this section] shall not apply to any note or other obligation sold under section 1001 of the Omnibus [Budget] Reconciliation Act of 1986 [Pub. L. 99–509, 7 U.S.C. 1929a note] on or before the date of the enactment of this paragraph [].”

Credits

1985–1988 · 2 acts
  1. 1985Pub. L. 99–88, title I, § 100, , 99 Stat. 296
  2. 1988Pub. L. 100–233, title VI, § 615(b)(1)(A), , 101 Stat. 1681.
Show as published

(Pub. L. 99–88, title I, § 100, , 99 Stat. 296; Pub. L. 100–233, title VI, § 615(b)(1)(A), , 101 Stat. 1681.)

Parsed from the official OLRC USLM XML in data/usc_all/usc07.xml · release point 119-108 · OLRC build 2026-09-09

USLM identifier /us/usc/t7/s1927a