Pub. L. 115-334, tit. V, subtit. C, sec. 5302 (as amended)

LOAN AUTHORIZATION LEVELS.

Year: 2025Length: 125 wordsOfficial source
SEC. 5302. LOAN AUTHORIZATION LEVELS. Section 346(b)(1) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1994(b)(1)) is amended— (1) in the matter preceding subparagraph (A), by striking “$4,226,000,000 for each of fiscal years 2008 through 2018” and inserting “$10,000,000,000 for each of fiscal years 2019 through 2023”; and (2) by striking subparagraphs (A) and (B) and inserting the following: “(A) $3,000,000,000 shall be for direct loans, of which— “(i) $1,500,000,000 shall be for farm ownership loans under subtitle A; and “(ii) $1,500,000,000 shall be for operating loans under subtitle B; and “(B) $7,000,000,000 shall be for guaranteed loans, of which— “(i) $3,500,000,000 shall be for farm ownership loans under subtitle A; and “(ii) $3,500,000,000 shall be for operating loans under subtitle B.” .
Pub. L. 115-334, tit. V, subtit. C, sec. 5302 (as amended): LOAN AUTHORIZATION LEVELS. | Justis AI