rural areas—loan authority and indemnity payments

rural areas—loan authority and indemnity payments Sec. 301. (a) Section 302(a) of the Act is amended by striking out “exceeding $2,500 in the aggregate” and inserting in lieu thereof “resulting in an aggregate indebtedness of more than $3,500 at any one time”. (b) Section 305 (f) of the Act is amended by— (1) inserting “(1)” immediately after “Provided, That”; and (2) inserting immediately before the period at the end thereof a semicolon and the following: “and (2) a cooperative organization formed by and consisting of members of an Indian tribe (including any tribe with whom the special Federal relationship with Indians has been terminated) engaged in the production of agricultural commodities, or in manufacturing products, on an Indian reservation (or former reservation in the case of tribes with whom the special Federal relationship with Indians has been 80 Stat. 1465terminated) shall not be regarded as a cooperative organization within the purview of this clause”. (c) Section 331 (c) of the Act is amended by striking out “June 30, 1966” and inserting in lieu thereof “June 30, 1967”.