Page:United States Statutes at Large Volume 94 Part 3.djvu/798

 94 STAT. 3442

12 USC 2076. 12 USC 2077. 12 USC 2091. 12 USC 2093.

Post, p. 3446.

12 USC 2094.

12 USC 2096.

PUBLIC LAW 96-592—DEC. 24, 1980

time to time determine with the approval of the Farm Credit Administration as provided in section 4.17 of this Act, but the rates charged financing institutions shall be the same as those charged production credit associations.". SEC. 205. Section 2.5 of the Farm Credit Act of 1971 is amended by inserting "and aquatic" after "on-farm". SEC. 206. Section 2.6(c) of the Farm Credit Act of 1971 is amended by striking out "of less than 25 per centum" in the second sentence. SEC. 207. Section 2.10 of the Farm Credit Act of 1971 is amended by striking out the comma after "States" in the first sentence and inserting in lieu thereof a period. SEC. 208. Section 2.12 of the Farm Credit Act of 1971 is amended by(1) inserting before the period at the end of paragraph (11) "and buy from and sell to such banks interests in loans and in other financial assistance extended and nonvoting stock, as may be authorized by the Federal intermediate credit bank in accordance with regulations of the Farm Credit Administration"; (2) inserting before the period at the end of paragraph (13) "and when authorized by the bank participate with one or more other Farm Credit System institutions in loans made under this title or other titles of this Act on the basis prescribed in section 4.18 of this Act"; and (3) amending paragraph (15) to read as follows: "(15) As may be authorized by the Federal intermediate credit bank in accordance with regulations of the Farm Credit Administration, agree with other Farm Credit System institutions to share loan or other losses, whether to protect against capital impairment or for any other purpose.". SEC. 209. Section 2.13 of the Farm Credit Act of 1971 is amended by(1) inserting before the period at the end of subsection (e) "or in lieu of nonvoting stock"; (2) striking out in the first sentence of subsection (f) "fair"; (3) amending the last sentence of subsection (f) to read as follows: "Notwithstanding any other provisions of this section, for a loan in which an association participates with a commercial bank or other financial institution other than a Farm Credit System institution, nonvoting stock or participation certificates may be issued to the commercial bank or other financial institution in satisfaction of the requirement that the borrower own stock or participation certificates, which requirement shall apply only to the portion of the loan which is retained by the association."; (4) striking out in the first sentence in subsection (g) "fair"; (5) striking out everjrthing through "Governor" in subsection (j) and inserting in lieu thereof "Except with regard to stock or participation certificates held by the Governor or other Farm Credit System institutions"; and (6) striking out in subsection (k) "fair". SEC. 210. Section 2.15 of the Farm Credit Act of 1971 is amended by(1) amending clause (1) in the first sentence of subsection (a) to read as follows: "(1) bona fide farmers and ranchers and the producers or harvesters of aquatic products, for agricultural or aquatic purposes and other requirements of such borrowers, including financing for basic processing and marketing directly related to the borrower's operations and those of other eligible

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