Page:United States Statutes at Large Volume 99 Part 2.djvu/418

 99 STAT. 1528

PUBLIC LAW 99-198—DEC. 23, 1985

"(6) If suitable farmland is available for disposition under this subsection, the Secretary shall— "(A) publish an announcement of the availability of such farmland in at least one newspaper that is widely circulated in the county in which the farmland is located; and "(B) post an announcement of the availability of such farmland in a prominent place in the local office of the Farmers Home Administration that serves the county in which the farmland is located. Conservation. "(7) In the case of farmland administered under this title that is highly erodible land (as defined in section 1201 of the Food Security Act of 1985), the Secretary may require the use of specified conservaAnte, p. 1504. tion practices on such land as a condition of the sale or lease of such land. "(8) Notwithstanding any other provisions of law, compliance by the Secretary with this subsection shall not cause any acreage allotment, marketing quota, or acreage base assigned to such property to lapse, terminate, be reduced, or otherwise be adversely affected.". 7 USC 1985 note. (b) The Secretary of Agriculture shall implement the amendments made by this section not later than 90 days after the date of enactment of this Act. RELEASE OF NORMAL INCOME SECURITY

Ante, p. 1526.

Loans.

SEC. 1315. Section 335 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1985) (as amended by section 1314(3)) is further amended by adding at the end thereof the following new subsection: "(fKD As used in this subsection, the term 'normal income security' has the same meaning given such term in section 1962.17(b) of title 7, Code of Federal Regulations (as of January 1, 1985). "(2) Until such time as the Secretary accelerates a loan made or insured under this title, the Secretary shall release from the normal income security provided for such loan an amount sufficient to pay the essential household and farm operating expenses of the borrower, as determined by the Secretary.". LOAN SUMMARY STATEMENTS

SEC. 1316. Section 337 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1987) is amended by— (1) inserting "(a)" after the section designation; and (2) adding at the end thereof the following new subsection: "(b)(l) As used in this subsection, the term 'summary period' means— "(A) the period beginning on the date of enactment of the Food Security Act of 1985 and ending on the date on which the first loan summary statement is issued after such date of enactment; or "(B) the period beginning on the date of issuance of the preceding loan summary statement and ending on the date of issuance of the current loan summary statement. "(2) On the request of a borrower of a loan made or insured (but not guaranteed) under this title, the Secretary shall issue to such borrower a loan summary statement that reflects the account activity during the summary period for each loan made or insured under this title to such borrower, including—

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