770
PUBLIC LAW 90-488-AUG. 15, 1968
[82 STAT.
EFFECTIVE DATE
Ante, pp. 763, 767
SEC. 2. This Act shall become effective one hundred and eighty days after enactment hereof, except that the repeal of the mandatory inspection provisions with respect to grain shipped or delivered for shipment in interstate commerce shall become effective thirty days after enactment hereof and the provisions of sections 6(a) and 13(a)(5) of the United States Grain Standards Act, as amended by this Act shall then become effective with respect to such grain. Approved August 15, 1968.
Public Law 90-488 August 15, 1968 ^^' ^^^"^^
AN ACT To amend the Consolidated F a r m e r s Home Administration Act of 11)61, a s amended, to provide for loans for enterprises to supplement farm income and for farm conversion to recreation, remove the annual ceiling on insured loans, increase the amount of unsold insured loans that may be m a d e out of the fund, raise the aggregate annual limits on g r a n t s, establish a flexible loan interest rate, and for other purjjoses.
\ Be It enacted by the Senate and Ilouae of Representatives of the Consolidated > United States of America In ('Ongress asnemhled^ That the ConsoliAd!^nistra°i^n dated Farmers Home Administration Act of 1961, as amended, is furAct of 1961, ther amended as follows: ^"75"stL^t"307. "^^^^ ^^^^ sentence of section 808 is amended to read as follows: 7 USC 1923. "Loans may be made or insured under this subtitle for (1) acquiring, enlarging, or improving farms, including farm buildings, land and / water development, use and conservation, (2) recreational uses and f facilities, (8) enterprises needed to supplement farm income, (4) refinancing existing indebtedness, and (5) loan closing costs." 7 USC 1924. ^ gEc. 2, Section 804 is amended by inserting " (a) " after "subtitle", i 1 and by changing the period at the end of the section to a comma and ' adding the following: "not including recreational uses and facilities, \ and (b) without regard to the requirements of sections 802(2) and 7 USC 1922. ^3)^ tQ individual farmowners or tenants to finance outdoor recreational enterprises or to convert to recreational uses their farming or \ lunching operations, including those heretofore financed under this ^ title." . 79 Stat. 931. gcc. 3. Section 806(a)(2) is amended by changing "$50,000,000" to 7 USC 1926. -$100,000,000". SEC. 4. The last sentence of section 306(a)(8) is amended by changing "1968" to "1971". SEC. 5. Section 806(a)(6) is amended by changing "$5,000,000" to J "$15,000,000". 7 USC 1928. I SEC. 6. Section 808 is amended by striking the word " I ^ a n s " from 1 the beginning of the first sentence and inserting in lieu thereof "Until I October 1, ip71, loans" and by striking the comma after the word "Secretary" and the phrase "aggregating not more than $450,000,000 in any one year,".
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