ELIGIBILITY TO BORROW FROM A BANK FOR COOPERATIVES.

SEC. 506. ELIGIBILITY TO BORROW FROM A BANK FOR COOPERATIVES. Section 3.8(b)(1) (12 U.S.C. 2129(b)(1)) is amended by adding at the end the following new subparagraph: “(E) Any creditworthy private entity that satisfies the requirements for a service cooperative under paragraphs (1), (2), and (4) of subsection (a) and subsidiaries of the entity, if the entity is organized to benefit agriculture in furtherance of the welfare of its farmer-members and is operated on a not-for-profit basis.”.