The Congress finds that the statutory authority of the Secretary of Agriculture, hereinafter referred to in this chapter as the "Secretary," for making and insuring loans to farmers and ranchers should be revised and consolidated to provide for more effective credit services to farmers.
Cite as 7 U.S.C. § 1921 Source: Pub. L. 87-128, title III, §301(b), Aug. 8, 1961, 75 Stat. 307. Notes from the Office of Law Revision Counsel current through 7/13/2020 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 below and Tables.
Section is comprised of subsec. (b) of
section of Pub. L. 87-128. Subsec. (a) of such section 301 is set out as a Short Title note below. 301 EFFECTIVE DATE
Former section 300.1 of Title 6, Code of Federal Regulations, promulgated on Oct. 15, 1961, by the Administrator of the Farmers Home Administration, published in 26 F.R. 10031, provided: "The Consolidated Farmers Home Administration Act of 1961 ( 7 U.S.C. 1921 ) [this chapter], is hereby made effective on October 15, 1961, except (a) as to its authorizations to make and sell insured loans with 4½ percent yield to the lender and a three-year repurchase agreement which was made effective by regulations issued on September 13, 1961 (26 F.R. 9307), pursuant to assignment of functions contained in 26 F.R. 7888, and (b) that the provisions of Title IV of the Bankhead-Jones Farm Tenant Act which requires mineral reservations in lands disposed of under Title III of that Act [sections
to 1010 and <codecitation statecd="US" sessionyear="2020" datatype="S" title="7" catchline="Benefits extended to Puerto Rico and Virgin Islands; "county" defined; payments to Governor or fiscal agent of county"> 1012 1013a</codecitation> of this title] shall not become effective until December 7, 1961." See section 341 (a) of Pub. L. 87-128 set out as a note under this section.</subpara></para> SHORT TITLE OF 2000 AMENDMENT Pub. L. , 106-554 § 1 (a)(4) [div. B, title V, §501], Dec. 21, 2000, 114 Stat. 2763, 2763A-268, provided that: "This title [enacting subchapter VI of this chapter and amending provisions set out as a note under section of Title 42, The Public Health and Welfare] may be cited as the 'Delta Regional Authority Act of 2000'." 3121