Page:United States Statutes at Large Volume 104 Part 5.djvu/500

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104 STAT. 3822 PUBLIC LAW 101-624—NOV. 28, 1990 been at any time during the 12-month period preceding the date of enactment of this clause) under lease to a person described in subparagraph (C), and that has not been conveyed (or contracted to be conveyed) by the Secretary prior to the date of enactment of this clause, the Secretary shall, during the 30-day period following the date of enactment of this clause, make the person an offer, to be held open for a period of 90 days, to purchase the property on the same terms and conditions that such offers are made in the case of property coming into inventory on or after the date of enactment of this clause.". (e) QUALIFIED BEGINNING FARMERS OR RANCHERS. — (1) SUITABLE FARMLAND. — Section 335(c)(2) (7 U.S.C. 1985(c)(2)) is amended— (A) by redesignating subparagraphs (A), (B), (C), and (D) as clauses (i), (ii), (iii), and (iv), respectively; and (B) by striking all that precedes clause (i) (as so redesignated by subparagraph (A) of this paragraph) and inserting the following: "(2)(A) Notwithstanding any other provision of law, the Secretary shall sell suitable farmland administered under this title to persons in the following order: "(i) Qualified beginning farmers or ranchers (as defined pursuant to section 343(a)(8)), as of the time immediately sifter such contract for sale or lease is entered into, as determined by the county committee. "(ii) Operators, as of the time immediately after such contract for sale or lease is entered into, of not larger than family sized farms, as determined by the county committee. "(B) In selling such land, the county committee shall—". (2) OTHER PROPERTY. — Section 335(e)(l)(C) (7 U.S.C. 1985(e)(l)(C)) is amended— (A) by redesignating clause (iv) as clause (v); and (B) by inserting after clause (iii) the following new clause: "(iv) Qualified beginning farmers or ranchers (as defined pursuant to section 343(a)(8)) as of the time immediately after such contract for sale or lease is entered into, of not larger than family-sized farm or ranching operations.". (f) INDIAN LAND IN INVENTORY.— Section 335(e)(l)(D) (7 U.S.C. 1985(e)(l)(D)) is amended by adding at the end the following new clause: "(x) This subparagraph shall apply to all lands in the land inventory established under this title (as of the date of enactment of this clause) that were (immediately prior to such date) owned by an Indian borrower-owner described in clause (i) and that are situated within an Indian reservation (as defined in clause (ii)), regardless of the date of foreclosure or acquisition by the Secretary. The Secretary shall afford an opportunity to a tribal member, an Indian corporate entity, or the tribe to purchase or lease the real property as provided in clause (iii). If the right is not exercised or no expression of intent to exercise such right is received within 180 days after the date of enactment of this clause, the Secretary shall transfer the real property to the Secretary of the Interior as provided in clause (v). ". (s) OFFERING PRICE —~~ (1) IN GENERAL.— Section 335(c)(2)(B)(ii) (7 U.S.C. 1985(c)(2)(B)(ii)), as amended by subsection (e)(1) of this section, is amended to read as follows: