Page:United States Statutes at Large Volume 102 Part 3.djvu/179

 PUBLIC LAW 100-460—OCT. 1, 1988

102 STAT. 2263

evaluating water resources development projects to be undertaken in whole or in part with Federal funds that was in effect as of January 1, 1986. SEC. 633. None of the funds in this Act, or otherwise made available by this Act, shall be used to sell loans made by the Agricultural Credit Insurance Fund. Also, none of the funds in this Act, or otherwise made available by this Act, shall be used to sell or offer for borrower prepayment more loans from the R u i ^ Development Insurance Fund than needed to realize net proceeds of $584,000,000, the total level authorized by the Omnibus Reconciliation Act of 1986, Public Law 99-509, and the Continuing Appropriations Act of 1987, Public Law 99-591. Further, Rural Development Insurance Fund loans offered for sale in fiscal year 1989 shall be first offered to the borrowers for prepayment. Borrowers who rejected prepayment offers in fiscal year 1988 shall remain eligible for prepayment in fiscal year 1989. SEC. 634. (a) Effective b^;inning with the 1989 crop year for honey, section 405 of the Agricultural Act of 1949 (7 U.S.C. 1425) is amended, in the text of subsection (a) (as so designated by section 1004(1) of the Food Security Act of 1985 effective for the 1986 through 1990 crops), by striking out "No producer" and inserting in lieu thereof "Except as otherwise provided in section 405A, no producer". (b) The Agricultural Act of 1949 is amended by inserting after section 405 the following new section: "SEC. 405A. (a) A producer of honey may satisfy the producer's obligation to repay a loan, or a portion of a loan, made to the producer under section 201(b) of this Act by forfeiting the collateral for the loan, or portion of the loan, only if the value of the collateral forfeited, when taken together with the value of the collateral forfeited on any other loan or loans of the producer for such crop of honey under section 201(b), does not exceed $250,000: Provided, however. That the loan forfeiture limitation provided by this section shall not be applicable for any crop year for which the Secretary does not permit producers of honey to repay the price support loans at a level determined under section 201(b)(2)(B). (b) The producer of honey shall be personally liable for the repayment of a loan or loans made to the producer under the program for the crop of honey involved, with respect to that portion of the loan or loans for which satisfaction of the loan by forfeiture, as provided in subsection (a), is prohibited. (c) The loan contracts of the (Commodity Credit Corporation entered into with producers of honey shall clearly indicate the extent to which a producer of honey may be personally liable for repayment of a loan under this section. (d) The Commodity Credit Corporation may issue such r^ulations as the Corporation deems necessary to carry out this section.". SEC. 635. None of the funds appropriated or otherwise made available by this Act shall be used to pay the salaries of personnel who cany out a targeted export assistance program under section 1124 of the Food Security Act of 1985 if the aggregate amount of funds and/or commodities under such program exceeds $200,000,000: Provided, That $30,000,000 shall be held in reserve to be released by the Secretary of Agriculture only if required. SEC. 636. None of the funds appropriated or otherwise made available by this Act shall be used to pay the salaries of personnel who cany out an export enhancement program (estimated to be

Effective date.

Loans. 7 USC 1425a.

Contracts.

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