Page:United States Statutes at Large Volume 110 Part 1.djvu/1108

 110 STAT. 1084 PUBLIC LAW 104-127—APR. 4, 1996 this section or otherwise made available to the Department, and amounts made available under any other marketing or promotion order, may not be used to pay any administrative expense of the Board. Subtitle F—Miscellaneous SEC. 591. MAINTENANCE OF RECORDS FOR HONEY PROMOTION PRO- GRAM. Section 9(f) of the Honey Research, Promotion, and Consumer Information Act (7 U.S.C. 4608(f)) is amended by inserting "producers," after "importers,". TITLE VI—CREDIT Subtitle A—Farm Ownership Loans SEC. 601. LIMITATION ON DIRECT FARM OWNERSHIP LOANS. Section 302 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1922) is amended by striking subsection (b) and inserting the following: "(b) DIRECT LOANS.— "(1) IN GENERAL.—Subject to paragraph (3), the Secretary may make a direct loan under this subtitle only to a farmer or rancher who has operated a farm or ranch for not less than 3 years and— "(A) is a qualified beginning farmer or rancher; "(B) has not received a previous direct farm ownership loan made under this subtitle; or "(C) has not received a direct farm ownership loan under this subtitle more than 10 years before the date the new loan would be made. "(2) YOUTH LOANS.— The operation of an enterprise by a youth under section 311(b) shall not be considered the operation of a farm or ranch for purposes of paragraph (1). "(3) TRANSITION RULE. — "(A) IN GENERAL.— Subject to subparagraphs (B) and (C), the Secretary may make a direct loan under this subtitle to a farmer or rancher who has a direct loan outstanding under this subtitle on the date of enactment of this paragraph. "(B) LESS THAN 5 YEARS. —If, as of the date of enactment of this paragraph, a farmer or rancher has had a direct loan outstanding under this subtitle for less than 5 years, the Secretary shall not make a loan to the farmer or rancher under subparagraph (A) after the date that is 10 years after the date of enactment of this paragraph. "(C) 5 YEARS OR MORE. — If, as of the date of enactment of this paragraph, a farmer or rancher has had a direct loan outstanding under this subtitle for 5 years or more, the Secretary shall not make a loan to the farmer or rancher under subparagraph (A) after the date that is 5 years after the date of enactment of this paragraph.".

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