Page:United States Statutes at Large Volume 106 Part 5.djvu/509

 PUBLIC LAW 102-554—OCT. 28, 1992 106 STAT. 4147 to in this section as the 'applicant'), to conduct viable farming or ranching operations. "(b) SUBMISSION OF PLAN OF FARM OPERATION.—An applicant who desires to apply for special assistance under this section shall submit a plan, in coordination with activities conducted under sections 359, 360, 361, and 362, that— "(1) describes, for each of the first 5 years for which assistance under this section is sought for the operation— "(A) how the operation is to be conducted; "(B) the types and quantities of commodities to be produced by the operation; "(C) me production methods and practices to be employed by the operation; "(D) the conservation measures to be tcdcen in the operation; "(E) the equipment needed to conduct the operation (including any expected replacements for the equipment) and, with resp^t to each item of needed equipment, whether the applicant owns, leases, or otherwise has access to the item, or proposes to purchase, lease, or otherwise gain access to the item; "(F) the expected income and expenses of the operation; "(G) the expected credit needs of the operation, including the types and amounts of assistance to be sought under this section; and "(H) the site or sites at which the operation is (or is to be) located; and "(2) projects the financial status of the operation after assistance under this section has been provided for a period of not more than 10 years, consistent with section 319, as is necessary for the operation to become financially viable without further assistance fix)m the Secretary, including specific goals that the applicant projects to meet in order to progress toward graduation as expeditiously as possible. "(c) DETERMINATIONS BY THE COUNTY COMMITTEE; APPROVAL OF PLAN.— The county committee shall approve a plan submitted by an applicant in accordance with subsection (b) if the county committee determines that— "(1) the applicant has not operated a farm or ranch, or has operated a farm or ranch for not more than 5 years; "(2) during the 5-year period ending with the submission of the plan, the applicant has had sufficient education and experience to indicate that the applicant is able to conduct a successfiil farming or ranching operation, as the case may be; "(3) the applicant owns, leases, or has a commitment to have leased to the applicant the site or sites of the operation; "(4) there is, or will be, available to the applicant equipment sufficient to conduct the operation in accordance with the plan; "(5) the applicant agrees to participate in such loan assessment, borrower training, and financial management programs as the Secretary may require; and "(6) the applicant is otherwise eligible for assistance under this title. "(d) DETERMINATION BY THE SECRETARY; APPROVAL OF APPLICA- TiON FOR ASSISTANCE.—The Secretary shall approve an application for assistance under this section for an operation described in

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