86 STAT. ]
PUBLIC LAW 92-419-AUG. 30, 1972
667
"SEC. 344. No loan (other than one to a public body or nonprofit Loan umitaassociation (including Indian tribes on Federal and State reservations °"^or other federally recognized Indian tribal groups) for community facilities or one of a type authorized by section 306(a)(1) prior to its amendment by the Kural Development Act of 1972) shall be made g/stat^^'s^s^s^' by the Secretary either for sale as an insured loan or otherwise under 7 USC 1926. section 304(b), 306(a)(1), 310B, 312(b), or 312(c) unless the Secre- ^ ^nte. pp. 657, tary shall have determined that no other lender is willing to make such loan and assume 10 per centum of any loss sustained thereon. No contract guaranteeing any such loan by such other lender shall require the Secretary to participate in more than 90 per centum of any loss sustained thereon.'TITLE II — AMENDMENTS TO THE W A T E R S H E D PROTECTION A N D F L O O D P R E V E N T I O N ACT, A S A M E N D E D 201. AMENDMENTS TO PUBLIC LAW 83-566.—The Watershed Protection and Flood Prevention Act (68 Stat. 666), as amended, is ^^^^ ^^'^ ^°°^ amended as follows: (a) Section 1 is amended by striking out the words "the purpose of preventing such damages and of furthering the conservation, development, utilization, and disposal of water, and thereby of preserving and protecting the Nation's land and water resources" and substituting therefor the words "the purpose of preventing such damages, of furthering the conservation, development, utilization, and disposal of water, and the conservation and utilization of land and thereby of preserving, protecting, and improving the Nation's land and water resources and the quality of the environment." (b) Section 2 is amended by substituting a comma for the word ^o Stat. loss. "or" after clause (1) and adding after the phrase "(2) the conserva- 16 USC 1002. tion, development, utilization, and disposal of water" a comma and the following: "or " (3) the conservation and proper utilization of land". (c) Section 3 is amended by changing the period at the end of 16 USC 1003. paragraph (5) to a semicolon and adding the following: "(6) to enter into agreements with landowners, operators, and occu- conservation piers, individually or collectively, based on conservation plans of such ferm^agreements. landowners, operators, and occupiers which are developed in cooperation with and approved by the soil and water conservation district in which the land described in the agreement is situated, to be carried out on such land during a period of not to exceed ten years, providing for changes in cropping systems and land uses and for the installation of soil and water conservation practices and measures needed to conserve and develop the soil, water, woodland, wildlife, and recreation resources 01 lands within the area included in plans for works of improvement, as provided for in such plans, including watershed or subwatershed work plans in connection with the eleven watershed improvement programs authorized by section 13 of the Act of December 22, 1944 (58 Stat. 887), as amended and supplemented. Applica- Applications. tions for assistance in developing such conservation plans shall be made in writing to the soil and water conservation district involved, and the proposed agreement shall be reviewed by such district. In Federal cost return for such agreements by landowners, operators, and occupier's the ^'^^""secretary shall agree to share the costs of carrying out those practices and measures set forth in the agreement for which he determines that cost sharing is appropriate and in the public interest. The portion of such costs, including labor, to be shared shall be that part which the Secretary determines is appropriate and in the public interest for the carrying out of the practices and measures set forth in the agreement. SEC.
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