Page:United States Statutes at Large Volume 116 Part 1.djvu/372

 116 STAT. 346 PUBLIC LAW 107-171—MAY 13, 2002 (1) in paragraph (1)— (A) in subparagraph (B)— (i) in clause (i), by striking "75 days" and inserting "135 days"; and (ii) by adding at the end the following: "(iv) COMBINING AND DIVIDING OF PROPERTY.—To the maximum extent practicable, the Secretary shall maximize the opportunity for beginning farmers and ranchers to purchase real property acquired by the Secretary under this title by combining or dividing inventory parcels of the property in such manner as the Secretary determines to be appropriate."; and (B) in subparagraph (C)— (i) by striking "75 days" and inserting "135 days"; and (ii) by striking "75-day period" and inserting "135- day period"; and (2) by striking paragraph (2) and inserting the following: Deadline. "(2) PREVIOUS LEASE.— In the case of real property acquired before April 4, 1996, that the Secretary leased before April 4, 1996, not later than 60 days after the lease expires, the Secretary shall offer to sell the property in accordance with paragraph (1).". SEC. 5309. ADMINISTRATION OF CERTIFIED LENDERS AND PREFERRED CERTIFIED LENDERS PROGRAMS. Section 339 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1989) is amended by adding at the end the following: " (e) ADMINISTRATION OF CERTIFIED LENDERS AND PREFERRED CERTIFIED LENDERS PROGRAMS.—The Secretary may administer the loan guarantee programs under subsections (c) and (d) through central offices established in States or in multi-State areas.". SEC. 5310. DEFINITIONS. (a) QUALIFIED BEGINNING FARMER OR RANCHER. —Section 343(a)(ll)(F) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1991(a)(ll)(F)) is amended by striking "25 percent" and inserting "30 percent". (b) DEBT FORGIVENESS.— Section 343(a)(12XB) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1991(a)(12)(B)) is amended to read as follows: "(B) EXCEPTIONS.— The term 'debt forgiveness' does not include— "(i) consolidation, rescheduling, reamortization, or deferral of a loan; or "(ii) any write-down provided as part of a resolution of a discrimination complaint against the Secretary.". SEC. 5311. LOAN AUTHORIZATION LEVELS. Section 346(b)(1) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1994(b)(1)) is amended to read as follows: "(1) IN GENERAL. —The Secretary may make or guarantee loans under subtitles A and B from the Agricultural Credit Insurance Fund provided for in section 309 for not more than $3,796,000,000 for each of fiscal years 2003 through 2007, of which, for each fiscal year— "(A) $770,000,000 shall be for direct loans, of which—

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