Transfer of funds.

If sufficient unsubsidized guaranteed OL funds are available, then beginning on: (a) August 1 of each fiscal year, the Agency will use available unsubsidized guaranteed OL loan funds to make approved direct FO loans to beginning farmers under the Down payment loan program; and (b) September 1 of each fiscal year the Agency will use available unsubsidized guaranteed OL loan funds to make approved direct FO loans to beginning farmers. [72 FR 63285, Nov. 8, 2007, as amended at 73 FR 74345, Dec. 8, 2008. Redesignated at 75 FR 54013, Sept. 3, 2010, as amended at 86 FR 43391, Aug. 9, 2021; 90 FR 30559, July 10, 2025]