Source
(Pub. L. 87–128, title III, § 331A, as added Pub. L. 95–334, title I, § 122, Aug. 4, 1978, 92 Stat. 427; amended Pub. L. 101–624, title XXIII, § 2303(b), Nov. 28, 1990, 104 Stat. 3981; Pub. L. 110–234, title XIV, § 14002(a), May 22, 2008, 122 Stat. 1442; Pub. L. 110–246, § 4(a), title XIV, § 14002(a), June 18, 2008, 122 Stat. 1664, 2204.)
References in Text
For definition of “this chapter”, referred to in subsec. (a), see note set out under section
1921 of this title.
The date of the enactment of this subsection, referred to in subsec. (b)(1), is the date of enactment of
Pub. L. 110–246, which was approved June 18, 2008.
Codification
Pub. L. 110–234 and
Pub. L. 110–246 made identical amendments to this section. The amendments by
Pub. L. 110–234 were repealed by section 4(a) of
Pub. L. 110–246.
Prior Provisions
Provisions similar to those in this section were contained in the following appropriation acts:
Pub. L. 102–341, title III, Aug. 14, 1992,
106 Stat. 897.
Pub. L. 102–142, title III, Oct. 28, 1991,
105 Stat. 902.
Pub. L. 101–161, title II, Nov. 21, 1989,
103 Stat. 969.
Pub. L. 100–202, § 101(k) [title II], Dec. 22, 1987,
101 Stat. 1329–322, 1329–340.
Pub. L. 99–500, § 101(a) [title II], Oct. 18, 1986,
100 Stat. 1783, 1783–16, and
Pub. L. 99–591, § 101(a) [title II], Oct. 30, 1986,
100 Stat. 3341, 3341–16.
Pub. L. 99–190, § 101(a) [H.R.
3037, title II], Dec. 19, 1985,
99 Stat. 1185;
Pub. L. 100–202, § 106, Dec. 22, 1987,
101 Stat. 1329–433.
Pub. L. 97–370, title II, Dec. 18, 1982,
96 Stat. 1800.
Amendments
2008—
Pub. L. 110–246, § 14002(a), designated existing provisions as subsec. (a) and added subsec. (b).
1990—
Pub. L. 101–624 inserted “or by the Rural Development Administration” after “Farmers Home Administration”.
Effective Date of 2008 Amendment
Amendment of this section and repeal of
Pub. L. 110–234 by
Pub. L. 110–246 effective May 22, 2008, the date of enactment of
Pub. L. 110–234, see section 4 of
Pub. L. 110–246, set out as an Effective Date note under section
8701 of this title.
Forbearance and Restructuring for Farm Loans
Pub. L. 100–387, title III, § 313(a), Aug. 11, 1988,
102 Stat. 949, provided that: “It is the sense of Congress that the Secretary of Agriculture should, with respect to farmers and ranchers who suffer major losses due to drought, hail, excessive moisture, or related condition in 1988—
“(1) exercise forbearance in the collection of interest and principal on direct farmer program loans under the Consolidated Farm and Rural Development Act [
7 U.S.C.
1921 et seq.] outstanding for such farmers and ranchers;
“(2) expedite the use of credit restructuring and other credit relief mechanisms authorized under the Agricultural Credit Act of 1987 [
Pub. L. 100–233, Jan. 6, 1988,
101 Stat. 1568, see Tables for classification] and similar provisions of law for such farmers and ranchers; and
“(3) encourage commercial lenders participating in guaranteed farmer lending programs under the Consolidated Farm and Rural Development Act to exercise forbearance before declaring loans to such farmers and ranchers under such programs in default.”