Page:United States Statutes at Large Volume 101 Part 3.djvu/270

 PUBLIC LAW 100-233—JAN. 6, 1988

101 STAT. 1568 uyjf^ff.

Public Law 100-283 100th Congress An Act

Jan. 6, 1988 [H.R. 3030]

Agricultural Credit Act of 1987. Banks and banking. Rural areas. Securities. 12 USC 2001 note.

To provide credit assistance to farmers, to strengthen the Farm Credit System, to facilitate the establishment of secondary markets for agricultural loans, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

(a) SHORT TITLE.—This Act may be cited as the "Agricultural

Credit Act of 1987". (b) TABLE OF CONTENTS.—The table of contents is as follows: Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec.

TABLE OF CONTENTS 1. Short title; table of contents. 2. References to the Farm Credit Act of 1971. TITLE I—ASSISTANCE TO FARM CREDIT SYSTEM BORROWERS 101. Protection of borrower stock. 102. Restructuring distressed loans. 103. Disclosure by banks and associations. 104. Access to documents and information. 105. Notice of action on application for loans or restructuring. 106. Reconsideration of actions. 107. Protection of borrowers who meet all loan obligations. 108. Right of first refusal. 109. Differential interest rates. 110. Application of uninsured accounts. TITLE II—ASSISTANCE TO FARM CREDIT SYSTEM

Sec. 201. Assistance to Farm Credit System. "TITLE VI—ASSISTANCE TO FARM CREDIT SYSTEM "Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec.

"Subtitle A—Assistance Board 6.0. Establishment of Board. 6.1. Purposes. 6.2. Board of Directors. 6.3. Corporate powers. 6.4. Certification of eligibility to issue preferred stock. 6.5. Assistance. 6.6. Special powers. 6.7. Administration. 6.8. Limitation of powers. 6.9. Succession. 6.10. Effect of regulations; audits. 6.11. Exemption from taxation. 6.12. Termination. 6.13. Transitional provisions.

"Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec.

"Subtitle B—Financial Assistance Corporation 6.20. Establishment of Corporation. 6.21. Purpose. 6.22. Board of Directors. 6.23. Stock. 6.24. Corporate powers. 6.25. Accounts., ,,.^ 6.26. Debt obligations.

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