Page:United States Statutes at Large Volume 98 Part 2.djvu/210

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PUBLIC LAW 98-000—MMMM. DD, 1984

98 STAT. 1370

PUBLIC LAW 98-396—AUG. 22, 1984 FEDERAL CROP INSURANCE CORPORATION SUBSCRIPTION TO CAPITAL STOCK

To enable the Secretary of the Treasury to subscribe and pay for additional capital stock of the Federal Crop Insurance Corporation, as provided in section 504(a) of the Federal Crop Insurance Act (7 U.S.C. 1504), $50,000,000. FARMERS HOME ADMINISTRATION PREVENTING FARM FORECLOSURES

The $250,000,000 transferred to insured and guaranteed operating loans on July 9, 1984, by the Secretary of Agriculture is available to prevent foreclosure of farm loans through extending the period of repayment of existing loans or refinancing of loans, or other means, as authorized by 7 U.S.C. 1981a. Should such sum be insufficient to meet the need to extend or to refinance farm loans to avoid foreclosure, the Commodity Credit Corporation has authority under law to provide this type of financial assistance in order to protect farm income and provide for adequate supplies of food and fiber as authorized by 15 U.S.C. 714. AGRICULTURAL CREDIT INSURANCE FUND

Additional loans may be insured or guaranteed, or made to be sold and insured, under this fund in accordance with and subject to the provisions of 7 U.S.C. 1928-1929, as follows: farm ownership loans, $25,000,000; and guaranteed operating loans, $150,000,000, to remain available until September 30, 1985.,,.,.•., .-.. RURAL HOUSING PRESERVATION GRANTS

97 Stat. 1250.

For grants for rural housing preservation, as authorized by section 522 of the Housing and Urban-Rural Recovery Act of 1983 (Public Law 98-181), $15,000,000, to remain available until September 30, 1985. SOIL CONSERVATION SERVICE WATERSHED AND FLOOD PREVENTION OPERATIONS

For an additional amount for emergency measures as provided by sections 403-405 of the Agricultural Credit Act of 1978 (16 U.S.C. 2203-2205), $12,000,000, to remain available until expended, as authorized by 16 U.S.C. 2204. AGRICULTURAL STABILIZATION AND CONSERVATION SERVICE EMERGENCY CONSERVATION PROGRAM

16 USC 2201, 2202, 2204.

For an additional amount for emergency measures as provided by sections 401, 402, and 404 of the Agricultural Credit Act of 1978 (16 U.S.C. 2201-2205), $12,000,000, to remain available until expended, as authorized by 16 U.S.C. 2204.