12-U.S.C.-2207
§2207 – Young, Beginning, and Small Farmers and Ranchers
Pathway
Title 12 > Chapter 23 > Subchapter IV > Part D > Section 2207
Details
- Reference: Section 2207
- Legend: §2207 – Young, Beginning, and Small Farmers and Ranchers
- USCode Year: 2013
Provision Content
(a) Under policies of the district Farm Credit Bank board, each Federal land bank association and production credit association shall prepare a program for furnishing sound and constructive credit and related services to young, beginning, and small farmers and ranchers. Such programs shall assure that such credit and services are available in coordination with other units of the Farm Credit System serving the territory and with other governmental and private sources of credit. Each program shall be subject to review and approval by the supervising bank.
(b) The Farm Credit Bank for each district shall annually obtain from associations under its supervision reports of activities under programs developed pursuant to subsection (a) of this section and progress toward program objectives. On the basis of such reports, the bank shall provide to the Farm Credit Administration an annual report summarizing the operations and achievements in its district under such programs.
(Pub. L. 92–181, title IV, §4.19, as added Pub. L. 96–592, title IV, §403, Dec. 24, 1980, 94 Stat. 3446; amended Pub. L. 100–399, title IX, §901(i), (j), Aug. 17, 1988, 102 Stat. 1007.)
Amendments
1988—Subsec. (a). Pub. L. 100–399, §901(i), inserted Farm Credit Bank after district.
Subsec. (b). Pub. L. 100–399, §901(j)(1), (2), (4), (5), substituted The Farm Credit Bank for each district for The Federal land bank and the Federal intermediate credit bank for each district, under its supervision for under their supervision, the bank shall for the banks shall, an annual report for a joint annual report, and achievements in its district for achievements in their district.
Pub. L. 100–399, §901(j)(3), substituted subsection (a) for subsection (a) of this section, which for purposes of codification was translated as subsection (a) of this section, requiring no change in text.
Effective Date of 1988 Amendment
Amendment by Pub. L. 100–399 effective immediately after amendment made by section 401 of Pub. L. 100–233, which was effective 6 months after Jan. 6, 1988, see section 1001(b) of Pub. L. 100–399, set out as a note under section 2002 of this title.
U.S. Encyclopedia of Law Coverage
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