Title 7 — Agriculture
Chapter 50 — Agricultural Credit
§ 2008b. Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers
Statutory text
In the case of a loan guaranteed by the Secretary under subchapter I or II to a socially disadvantaged farmer or rancher (as defined in section 2003(e) of this title) or a qualified beginning farmer or rancher, the Secretary may provide for a standard guarantee plan, which shall cover an amount equal to 95 percent of the outstanding principal of the loan.
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.
Agricultural Act of 1961
Pub. L. 87–128 title III § 367 · 75 Stat. 294
Enacted · 7 U.S.C. § 2008b
(Pub. L. 87–128, title III, § 367, as added Pub. L. 115–334, title V, § 5306, Dec. 20, 2018, 132 Stat. 4673.)
Source evidence
Code source credit
(Pub. L. 87–128, title III, § 367, as added Pub. L. 115–334, title V, § 5306, Dec. 20, 2018, 132 Stat. 4673.)
0 of 1 references resolved to an enrolled provision · 1 partial
Editorial Notes
Prior Provisions
A prior section 2008b, Pub. L. 87–128, title III, § 367, as added Pub. L. 101–624, title XXIII, § 2317, , 104 Stat. 4008; amended Pub. L. 102–237, title VII, § 701(g), , 105 Stat. 1879, related to limited transfer authority of loan amounts, prior to repeal by Pub. L. 104–127, title VII, § 755, , 110 Stat. 1131.
Credits
(Pub. L. 87–128, title III, § 367, as added Pub. L. 115–334, title V, § 5306, , 132 Stat. 4673.)