Page:United States Statutes at Large Volume 101 Part 3.djvu/374

 101 STAT. 1672

Contracts.

PUBLIC LAW 100-233—JAN. 6, 1988

which the real property described in clause (i) is located may, at any time after the real property has been transferred to the Secretary of the Interior under clause (v), offer to pay the remaining amount on the lien, or the fair market value of the real property, whichever is less. Upon payment of such amount, title to such real property shall be held by the United States in trust for the tribe and such trust or restricted lands that have been acquired by the Secretary under foreclosure or voluntary trsuisfer under a loan made or insured under this title and transferred to an Indian person, entity, or tribe under the provisions of this subparagraph shall be deemed to have never lost trust or restricted status. "(E) The rights provided in this subsection shall be in addition to any such right of first refusal under the law of the State in which the property is located."; (2) in paragraph (3)— (A) by striking out subparagraph (A); ^,, ^ (B) by redesignating subparagraphs (B), (C), and (D), as ' ' ' subparagraphs (A), (B), and (C), respectively; (C) in subparagraph (B) (as so redesignated), by striking ''' out "give special consideration to a previous owner or operator of such land if such owner or operator" and inserting in lieu thereof "determine if the lessee"; and (D) by adding at the end thereof the following new subparagraph: "(D) The Secretary may enter into a contract with a borrower of a farmer program loan made or insured under this title, to provide for the subsequent sale or lease of land that will be acquired from the borrower in the future, before the Secretary takes possession of such land."; (3) by amending subparagraph (A) of paragraph (5) to read as follows: "(A) If the Secretary determines that farmland administered under this chapter is not suitable for sale or lease to persons eligible for a loan made or insured under subtitle A because such farmland is in a tract or tracts that the Secretary determines to be larger than that necessary for such eligible persons, the Secretary shall, to the greatest extent practicable, subdivide such land into tracts suitable for sale under subsection (c). Such land shall be subdivided into parcels of land the shape and size of which are suitable for farming, the value of which shall not exceed the individual loan limits as prescribed under section 305."; (4) in paragraph (6)— (A) by striking out "and" at the end of subparagraph (A); •^'" (B) by striking out the period at the end of subparagraph (B) and inserting in lieu thereof "; and"; and (C) by adding at the end thereof the following new subparagraph: i "(C) provide written notice reasonably calculated to inform the immediate previous owner or immediate previous family-size farm operator of such farmland, of the availability of such farmland."; and (5) by adding at the end thereof the following new paragraphs: "(9) Denials of applications for or disputes over terms and conditions of a lease or purchase agreement under this section are apjpealable under section 333B. (10) In the event of any conflict between any provision of this subsection and any provision of the law of any State providing a

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