TEMPORARY EXPANSION OF RECOURSE LOAN AUTHORITY.

SEC. 1126. TEMPORARY EXPANSION OF RECOURSE LOAN AUTHORITY. Section 137 of the Agricultural Market Transition Act (7 U.S.C. 7237) is amended— (1) in the section heading, by inserting “AND OTHER FIBERS” before the period at the end; (2) by redesignating subsection (c) as subsection (d); and (3) by inserting after subsection (b) the following: “(c) Recourse Loans Available for Mohair.— “(1) Recourse loans available.—Notwithstanding any other provision of law, during fiscal year 1999, the Secretary shall make available recourse loans, as determined by the Secretary, to producers of mohair produced during or before that fiscal year. “(2) Loan rate.—The loan rate for a loan under paragraph (1) shall be equal to $2.00 per pound. “(3) Term of loan.—A loan under paragraph (1) shall have a term of 1 year beginning on the first day of the first month after the month in which the loan is made. “(4) Waiver of interest.—Notwithstanding subsection (d), the Secretary shall not charge interest on a loan made under paragraph (1).”.