Page:United States Statutes at Large Volume 108 Part 4.djvu/574

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108 STAT. 3208 PUBLIC LAW 103-354—OCT. 13, 1994 (6) DISASTER PAYMENTS.—Section 208 of such Act (7 U.S.C. 14461) is repealed. (b) FARMERS HOME ADMINISTRATION PROGRAMS.— The ConsoH- dated Farm and Rural Development Act (7 U.S.C. 1921 et seq.) is amended by adding at the end the following new section: 7 USC 2008f. "SEC. 371. CROP INSURANCE REQUIREMENT. "(a) IN GENERAL.—As a condition of obtaining any benefit (including a direct loan, loan guarantee, or payment) described in subsection (b), a borrower must obtain at least catastrophic risk protection insurance coverage under section 508 of the Federal Crop Insurance Act (7 U.S.C. 1508) for the crop and crop year for which the benefit is sought, if the coverage is offered by the Corporation. "(b) APPLICABLE BENEFITS. —Subsection (a) shall apply to— "(1) a farm ownership loan (FO) under section 303; "(2) an operating loan (OL) under section 312; and "(3) an emergency loan (EM) under section 321.". (c) DISASTER ASSISTANCE.— Subtitle B of title XXII of the Food, Agriculture, Conservation, and Trade Act of 1990 (7 U.S.C. 1421 note) is amended by striking chapter 3. Effective dates. (d) EMERGENCY APPROPRIATIONS.— (1) IN GENERAL.— Effective January 1, 1995, section 251(b)(2)(D)(i) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 901(b)(2)(D)(i)) is amended by adding at the end the following new sentence: 'This subparagraph shall not apply to appropriations to cover agricultural crop disaster assistance.". (2) EMERGENCY LEGISLATION. —Effective January 1, 1995, section 252(e) of such Act (2 U.S.C. 902(e)) is amended by adding at the end the following new sentence: 'This subsection shall not apply to direct spending provisions to cover agricultural crop disaster assistance.". (e) FALSE STATEMENTS.— Section 1014 of title 18, United States Code, is amended by inserting "or a company the Corporation reinsures" after "Federal Crop Insurance Corporation". (f) TECHNICAL AMENDMENTS.— (1) The first sentence of section 506(d) (7 U.S.C. 1506(d)) is amended by striking "508(f)" and inserting "508(j)". (2) The last sentence of section 507(c) (7 U.S.C. 1507(c)) is amended by striking "508(b)" and inserting "508(h)". (3) Section 518 (7 U.S.C. 1518) is amended by striking "(k)" and inserting "(m)". 7 USC 1502 note. SEC. 120. EFFECTIVE DATE. Except as otherwise provided in this title, this title and the amendments made by this title shall become effective on the date of enactment of this Act and shall apply to the provision of crop insurance under the Federal Crop Insurance Act (7 U.S.C. 1501 et seq.) beginning with the 1995 crop year. With respect to the 1994 crop year, the Federal Crop Insurance Act (as in effect on the day before the date of enactment of this Act) shall continue to apply.