2020 US Code
Title 7 - Agriculture
Chapter 50 - Agricultural Credit
Subchapter IV - Administrative Provisions
Sec. 2008b - Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers

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Citation 7 U.S.C. § 2008b (2020)
Section Name §2008b. Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers
Section Text

In the case of a loan guaranteed by the Secretary under subchapter I or II to a socially disadvantaged farmer or rancher (as defined in section 2003(e) of this title) or a qualified beginning farmer or rancher, the Secretary may provide for a standard guarantee plan, which shall cover an amount equal to 95 percent of the outstanding principal of the loan.

Source Credit

(Pub. L. 87–128, title III, §367, as added Pub. L. 115–334, title V, §5306, Dec. 20, 2018, 132 Stat. 4673.)

Editorial Notes PRIOR PROVISIONS

A prior section 2008b, Pub. L. 87–128, title III, §367, as added Pub. L. 101–624, title XXIII, §2317, Nov. 28, 1990, 104 Stat. 4008; amended Pub. L. 102–237, title VII, §701(g), Dec. 13, 1991, 105 Stat. 1879, related to limited transfer authority of loan amounts, prior to repeal by Pub. L. 104–127, title VII, §755, Apr. 4, 1996, 110 Stat. 1131.

Publication Title United States Code, 2018 Edition, Supplement 2, Title 7 - AGRICULTURE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 7 - AGRICULTURE
CHAPTER 50 - AGRICULTURAL CREDIT
SUBCHAPTER IV - ADMINISTRATIVE PROVISIONS
Sec. 2008b - Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers
Contains section 2008b
Date 2020
Laws In Effect As Of Date January 13, 2021
Positive Law No
Disposition standard
Statutes at Large References 104 Stat. 4008
105 Stat. 1879
110 Stat. 1131
132 Stat. 4673
Public Law References Public Law 87-128, Public Law 101-624, Public Law 102-237, Public Law 104-127, Public Law 115-334
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