Page:United States Statutes at Large Volume 110 Part 1.djvu/189

 PUBLIC LAW 104-105—FEB. 10, 1996 110 STAT. 165 SEC. 109. STANDARDS REQUIRING DIVERSIFIED POOLS. (a) IN GENERAL.—Section 8.6 of the Farm Credit Act of 1971 (12 U.S.C. 2279aa-6) (as amended by section 108) is amended— (1) by striking subsection (c); and (2) by redesignating subsections (d) through (g) as subsections (b) through (e), respectively. (b) CONFORMING AMENDMENTS.— (1) Section 8.0(9)(B)(i) of the Farm Credit Act of 1971 (12 U.S.C. 2279aa(9)(B)(i)) is amended by striking "(f)" and inserting "(d)". (2) Section 8.13(a) of the Farm Credit Act of 1971 (12 U.S.C. 2279aa-13(a)) is amended by striking "sections 8.6(b) and" in each place it appears and inserting "section". (3) Section 8.32(b)(1)(C) of the Farm Credit Act of 1971 (12 U.S.C. 2279bb-l(b)(l)(C)) is amended— (A) by striking "shall" and inserting "may"; and (B) by inserting "(as in effect before the date of the enactment of the Farm Credit System Reform Act of 1996)" before the semicolon. (4) Section 8.6(b) of the Farm Credit Act of 1971 (12 U.S.C. 2279aa-6(b)) (as redesignated by subsection (a)(2)) is amended— (A) by striking paragraph (4) (as redesignated by section 107(2)(B)); and (B) by redesignating paragraphs (5) and (6) (as redesignated by section 107(2)(B)) as paragraphs (4) and (5), respectively. SEC. 110. SMALL FARMS. Section 8.8(e) of the Farm Credit Act of 1971 (12 U.S.C. 2279aa- 8(e)) is amended by adding at the end the following: "The Board shall promote and encourage the inclusion of qualified loans for small farms and family farmers in the agricultural mortgage secondary market.". SEC. 111. DEFINITION OF AN AFFILIATE. Section 8.11(e) of the Farm Credit Act of 1971 (12 U.S.C. 2279aa-ll(e)) is amended— (1) by striking "a certified facility or"; and (2) by striking "paragraphs (3) and (7), respectively, of section 8.0" and inserting "section 8.0(7)". SEC. 112. STATE USURY LAWS SUPERSEDED. Section 8.12 of the Farm Credit Act of 1971 (12 U.S.C. 2279aa- 12) is amended by striking subsection (d) and inserting the following: "(d) STATE USURY LAWS SUPERSEDED.— A provision of the Constitution or law of any State shall not apply to an agricultural loan made by an originator or a certified facility in accordance with this title for sale to the Corporation or to a certified facility for inclusion in a pool for which the Corporation has provided, or has committed to provide, a guarantee, if the loan, not later than 180 days after the date the loan was made, is sold to the Corporation or included in a pool for which the Corporation has provided a guarantee, if the provision— "(1) limits the rate or amount of interest, discount points, finance charges, or other charges that may be charged, taken.

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