Page:United States Statutes at Large Volume 104 Part 5.djvu/515

 PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 3837 Subtitle C—Miscellaneous SEC. 1851. ECONOMIC EMERGENCY LOAN PROGRAM. The Emergency Agricultural Credit Adjustment Act of 1978 (7 Repeal. U.S.C. prec. 1961 note) is hereby repealed. SEC. 1852. AUTHORIZATION OF APPROPRIATIONS FOR FARM OWNERSHIP OUTREACH PROGRAM TO SOCIALLY DISADVANTAGED INDIVIDUALS. Section 623 of the Agricultural Credit Act of 1987 (7 U.S.C. 1985 note) is amended— (1) by inserting "(a) IN GENERAL.— " before "The Secretary"; and (2) by adding at the end the following new subsection: "(b) AUTHORIZATION OF APPROPRIATIONS.—T here are authorized to be appropriated to carry out this section $2,500,000 for each of the fiscal years 1991 through 1995. ". SEC. 1853. STATE MEDIATION PROGRAMS. Section 506 of the Agricultural Credit Act of 1987 (7 U.S.C. 5106) is amended by striking "1991" and inserting "1995". SEC. 1854. INDIAN LAND ACQUISITION PROGRAM. (a) LIMITED RESOURCE INTEREST RATE.— Section 5 of Public Law 91-229 (25 U.S.C. 492) is amended by striking "section 307(a)" and inserting "section 307(a)(3)(B)". (b) AUTHORIZATION OF APPROPRIATIONS.—Public Law 91-229 (25 U.S.C. 488 et seq.) is amended by adding at the end the following new section: "SEC. 6. AUTHORIZATION OF APPROPRIATIONS. 25 USC 494. "There are authorized to be appropriated to carry out this Act $8,000,000 for each of the fiscal years 1991 through 1995.". Subtitle D—Effective Dates SEC. 1861. EFFECTIVE DATES. 7 USC 2001 note. (a) IN GENERAL.— 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. (b) NOTICE OF DEBT SETTLEMENT PROGRAMS.—The amendment made by section 1807(1) of this Act shall become effective 120 days sifter the date of enactment of this Act. (c) DEBT RESTRUCTURING AND LOAN SERVICING.— (1) IN GENERAL.— Except as provided in section 353(c)(6)(A)(ii) of the Consolidated Farm and Rural Development Act (as added by section 1816(f) of this Act) and in paragraph (3) of this subsection, section 1816 of this Act and the amendments made by such section 1816 shall apply to new applications submitted under section 353 of the Consolidated Farm and Rural Development Act (7 U.S.C. 2001) on or after the date of enactment of this Act. (2) DEFINITION OF NEW APPLICATION. —As used in paragraph (1), the term "new application" means an application submitted by a borrower to initiate a debt restructuring consideration and

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