Page:United States Statutes at Large Volume 116 Part 1.djvu/375

 PUBLIC LAW 107-171—MAY 13, 2002 116 STAT. 349 major disaster or emergency designated by the President on or after April 4, 1996, under the Robert T. Stafford Disaster Rehef and Emergency Assistance Act (42 U.S.C. 5121 et seq.).". SEC. 5320. MAKING AND SERVICING OF LOANS BY PERSONNEL OF STATE, COUNTY, OR AREA COMMITTEES. Subtitle D of the Consolidated Farm and Rural Development Act (7 U.S.C. 1981-2008J) is amended by adding at the end the following: "SEC. 376. MAKING AND SERVICING OF LOANS BY PERSONNEL OF 7 USC 2008k. STATE, COUNTY, OR AREA COMMITTEES. "The Secretary shall use personnel of a State, county or area committee established under section 8(b)(5) of the Soil Conservation and Domestic Allotment Act (16 U.S.C 590h(b)(5)) to make and service loans under this title to the extent the personnel have been trained to do so.". SEC. 5321. ELIGIBILITY OF EMPLOYEES OF STATE, COUNTY, OR AREA COMMITTEE FOR LOANS AND LOAN GUARANTEES. Subtitle D of the Consolidated Farm and Rural Development Act (7 U.S.C. 1981-2008J) is further amended by adding at the end the following: "SEC. 377. ELIGIBILITY OF EMPLOYEES OF STATE, COUNTY, OR AREA 7 USC 2008/. COMMITTEE FOR LOANS AND LOAN GUARANTEES. "(a) IN GENERAL.— The Secretary shall not prohibit an employee of a State, county or area committee established under section 8(b)(5) of the Soil Conservation and Domestic Allotment Act (16 U.S.C. 590h(b)(5)) or an employee of the Department of Agriculture from obtaining a loan or loan guarantee under subtitle A, B or C ot this title. "(b) APPROVALS.— "(1) COUNTY OR AREA OFFICE. —In the case of a loan application from an employee in a county or area office, the Farm Service Agency State office shall be responsible for reviewing and approving the application. "(2) STATE OFFICE. —In the case of a loan application from an employee of a State office, the Farm Service Agency national office shall be responsible for reviewing and approving the application.". Subtitle E—Farm Credit SEC. 5401. REPEAL OF BURDENSOME APPROVAL REQUIREMENTS. (a) BANKS FOR COOPERATIVES.— Section 3.1(11)(B) of the Farm Credit Act of 1971 (12 U.S.C. 2122(11)(B)) is amended— (1) by striking clause (iii); and (2) by redesignating clause (iv) as clause (iii). (b) OTHER SYSTEM BANKS; ASSOCIATIONS. —Section 4.18A of the Farm Credit Act of 1971 (12 U.S.C. 2206a) is amended— (1) in subsection (a)(1), by striking "3.1(ll)(B)(iv)" and inserting "3. l(ll)(B)(iii)"; and (2) by striking subsection (c).

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