2012 US Code
Title 7 - Agriculture
Chapter 50 - AGRICULTURAL CREDIT (§§ 1921 - 2009ee-3)
Subchapter III - EMERGENCY LOANS (§§ 1961 - 1971)
Section 1963 - Purpose and extent of loans

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Metadata
Publication TitleUnited States Code, 2012 Edition, Title 7 - AGRICULTURE
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 7 - AGRICULTURE
CHAPTER 50 - AGRICULTURAL CREDIT
SUBCHAPTER III - EMERGENCY LOANS
Sec. 1963 - Purpose and extent of loans
Containssection 1963
Date2012
Laws in Effect as of DateJanuary 15, 2013
Positive LawNo
Dispositionstandard
Source CreditPub. L. 87-128, title III, §323, Aug. 8, 1961, 75 Stat. 311; Pub. L. 96-438, §3(b)(1), Oct. 13, 1980, 94 Stat. 1873; Pub. L. 104-127, title VI, §623, Apr. 4, 1996, 110 Stat. 1091; Pub. L. 107-171, title V, §5201(b), May 13, 2002, 116 Stat. 344.
Statutes at Large References75 Stat. 311
94 Stat. 1873
110 Stat. 1091
116 Stat. 344
Public Law ReferencesPublic Law 87-128, Public Law 96-438, Public Law 104-127, Public Law 107-171

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EMERGENCY LOANS - 7 U.S.C. § 1963 (2012)
§1963. Purpose and extent of loans

Loans may be made or insured under this subchapter for any purpose authorized for loans under subchapter I or II of this chapter and for crop or livestock changes that are necessitated by a quarantine, natural disaster, major disaster, or emergency and that are deemed desirable by the applicant, subject to the limitations on the amounts of loans provided in section 1964(a) of this title.

(Pub. L. 87–128, title III, §323, Aug. 8, 1961, 75 Stat. 311; Pub. L. 96–438, §3(b)(1), Oct. 13, 1980, 94 Stat. 1873; Pub. L. 104–127, title VI, §623, Apr. 4, 1996, 110 Stat. 1091; Pub. L. 107–171, title V, §5201(b), May 13, 2002, 116 Stat. 344.)

References in Text

For definition of “this chapter”, referred to in text, see note set out under section 1921 of this title.

Amendments

2002—Pub. L. 107–171 inserted “quarantine,” before “natural disaster”.

1996—Pub. L. 104–127 inserted “that are necessitated by a natural disaster, major disaster, or emergency and that are” after “livestock changes”.

1980—Pub. L. 96–438 substituted provisions relating to the purposes and extent of loans made or insured under this subchapter for provisions limiting loans to amounts certified by the county committee.

Effective Date of 1996 Amendment

Amendment by Pub. L. 104–127 effective 90 days after Apr. 4, 1996, see section 663(b) of Pub. L. 104–127, set out as a note under section 1922 of this title.

Effective Date of 1980 Amendment

Amendment by Pub. L. 96–438 effective with respect to loans approved after Oct. 13, 1980, except for certain subsequent emergency loans, see section 3(d) of Pub. L. 96–438, set out as a note under section 1961 of this title.

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