Pub. L. 100-233, tit. V, subtit. A, sec. 503 (as amended)

PARTICIPATION OF FEDERAL AGENCIES.

Year: 2018Length: 208 wordsOfficial source
SEC. 503. [7 U.S.C. 5103] PARTICIPATION OF FEDERAL AGENCIES. (a) Duties of the Secretary of Agriculture.— (1) In general.—The Secretary, with respect to each program or agency under the jurisdiction of the Secretary— (A) shall prescribe rules requiring each such program or agency to participate in good faith in any State mediation program certified under section 501; (B) shall participate in mediation programs certified under section 501; and (C) shall— (i) cooperate in good faith with requests for information or analysis of information made in the course of mediation under any mediation program certified under section 501; and (ii) if applicable, present and explore debt restructuring proposals advanced in the course of such mediation. (2) Nonbinding on Secretary.—The Secretary shall not be bound by any determination made in a program described in section 501 if the Secretary has not agreed to such determination. (b) Duties of the Farm Credit Administration.—The Farm Credit Administration shall prescribe rules requiring the institutions of the Farm Credit System— (1) to cooperate in good faith with requests for information or analysis of information made in the course of mediation under any mediation program described in section 501; and (2) to present and explore debt restructuring proposals advanced in the course of such mediation.
Cross-references to the US Code
7 U.S.C. 5103
Pub. L. 100-233, tit. V, subtit. A, sec. 503 (as amended): PARTICIPATION OF FEDERAL AGENCIES. | Justis AI