Page:United States Statutes at Large Volume 104 Part 5.djvu/496

 104 STAT. 3818 PUBLIC LAW 101-624—NOV. 28, 1990 to farm owners or tenants who are eligible borrowers under this subtitle for— "(A) the installation of conservation structures, including terraces, sod waterways, permanently vegetated stream borders and filter strips, windbreaks (tree or grass), shelterbelts, and living snow fences; "(B) the establishment of forest cover for sustained jdeld timber management, erosion control, or shelterbelt purposes; "(C) the establishment or improvement of permanent pasture; "(D) the conversion to and maintenance of sustainable agricultural production systems, as described by Department technical guides and handbooks; "(E) the payment of costs of complying with section 1212 of the Food Security Act of 1985 (16 U.S.C. 3812); and "(F) other purposes consistent with plans for soil and water conservation, integrated farm management, water quality protection and enhancement, and wildlife habitat improvement. "(2) In making or insuring loans under this subsection, the Secretary shall give priority to producers who use such loans to build conservation structures or establish conservation practices to comply with section 1212 of the Food Security Act of 1985 (16 U.S.C. 3812). "(3) The Secretary shall not make or insure a loan under this section that exceeds the lesser of— "(A) the value of the farm or other security for such loan; or "(B) $50,000. ". (b) LIMITED RESOURCE AUTHORIZATION. — Section 310D(a) (7 U.S.C. 1934(a)) is amended— (1) by striking "clauses (1) through (5) of section 303(a) of this title" and inserting "paragraphs (1) through (5) of section 303(a), or subparagraphs (A) through (E) of section 304(d)(l),"; (2) in paragraph (2), by striking "clauses" and inserting "paragraphs"; (3) in paragraph (3), by striking "of this title"; and (4) in the second sentence, by striking "clauses" and inserting "paragraphs". SEC. 1803. INTEREST RATE ON FARM OWNERSHIP LOANS AND OPERATING LOANS MADE TO LIMITED RESOURCE BORROWERS. (a) FARM OWNERSHIP LOANS. —Subparagraph (B) of section 307(a)(3) (7 U.S.C. 1927(a)(3)(B)) is amended to read as follows: "(B) Except as provided in paragraph (6), the interest rate on loans (other than guaranteed loans) under section 310D shall not be— "(i) greater than the sum of— "(I) an amount that does not exceed one-half of the current average market)deld on outstanding marketable obligations of the United States with maturities of 5 years; and "(II) an amount not exceeding 1 percent per year, as the Secretary determines is appropriate; or "(ii) less than 5 percent per year.". (b) OPERATING LOANS. — Paragraph (2) of section 316(a) (7 U.S.C. 1946(a)(2)) is amended to read as follows: "(2) The interest rate on any loan (other than a guargmteed loan) to a low income, limited resource borrower under this subtitle shall not be— "(A) greater than the sum of—

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