repeal of limitation on amount of outstanding loans under the agricultural credit insurance fund; use of the agricultural credit insurance fund for payment of costs of administration

repeal of limitation on amount of outstanding loans under the agricultural credit insurance fund; use of the agricultural credit insurance fund for payment of costs of administration Sec. 109. (a) Section 309(f) of the Consolidated Farm and Rural Development Act is amended by— (1) in paragraph (1), changing the period at the end of the first sentence to a semicolon and striking out the second sentence therein which reads: “The aggregate of the principal of such loans made and not disposed of shall not exceed $500,000,000 at any one time;”; (2) striking out “and” at the end of paragraph (4), and changing the period at the end of paragraph (5) to a semicolon; and (3) adding at the end thereof new paragraph (6) as follows: “(6) to pay the Secretary’s costs of administration necessary to insure, make grants, service, and otherwise carry out the programs under this title not specifically covered by the Rural Development Insurance Fund of section 309A, including costs of the Secretary incidental to guaranteeing loans under this title, either directly from the Fund or by transfers from the Fund to, and merger with, any appropriations for administrative expenses.”. (b) Section 328 of the Consolidated Farm and Rural Development Act is amended by striking out “: Provided, That loans made under this section shall not be included in applying the $500,000,000 limitation in section 309(f)(1)”.