Agriculture, Rural Development, and Related Agencies Appropriations for Fiscal Year 1979: Hearings Before a Subcommittee of the Committee on Appropriations, United States Senate, Ninety-fifth Congress, Second Session, Part 4

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Page 2886 - Territories, and subdivisions and agencies thereof, municipalities, peoples' utility districts and cooperative, nonprofit, or limit-dividend associations organized under the laws of any State or Territory of the United States, for the purpose of financing the construction and operation of generating plants, electric transmission and distribution lines or systems for the furnishing of electric energy to persons in rural areas who are not receiving central station service, ..." Section 5 of the Act...
Page 3542 - To fulfill these purposes, the country is divided into 12 Farm Credit Districts. At the same location in each district there is a Federal land bank, a Federal intermediate credit bank, and a bank for cooperatives. There is also a Central Bank for Cooperatives in Denver, Colorado.
Page 2859 - EXPLANATION OF ELECTRIC AND TELEPHONE LOAN PROGRAM The loan authorizations of the Rural Electrification Administration are used to carry out the provisions of the Rural Electrification Act of 1936, as amended.
Page 3188 - Sec. 2. Performance of functions of Secretary. The Secretary of the Interior may from time to time make such provisions as he shall deem appropriate authorizing the performance by any other officer, or by any agency or employee, of the Department of the Interior of any function of the Secretary, including any function transferred to the Secretary by the provisions of this reorganization plan.
Page 2690 - Act was amended in 1954 to apply nationwide, rather than in the limited area of 17 western States, and to let farm area water systems take on nonfarm customers in rural communities. Rural development was given Federal program status by USDA administrative action in 1955. FmHA's first involvement was a pilot program of loans to small farms inadequate to qualify even for regular FmHA loans.
Page 3320 - ... reduce substantially the amount of any product processed in the United States from any such agricultural commodity or product thereof...
Page 2690 - Raised limits on farmer loans — to $60,000 for farm ownership, replacing a formula whereby each county's limit had been the average value of its family farms, and from $20,000 to $35,000 for farm operating purposes. * Opened up the water system program to the general rural population, including incorporated towns of up to 2,500. The loan limit on a project (previously $250,000) was raised to $500,000 for a direct FmHA loan, $1 million for an insured loan.
Page 2813 - budget outlays" and "outlays" mean, with respect to any fiscal year, expenditures and net lending of funds under budget authority during such year. (2) The term "budget authority" means authority provided by law to enter into obligations which will result in immediate or future outlays involving Government funds, except that such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government.
Page 2499 - States of at least 40 per centum: Provided further, That this appropriation shall be available for field employment pursuant to the second sentence of section 706(a) of the Organic Act of 1944 (7 USC...
Page 2694 - Funds FmHA loans classified as "insured" are made from three loan revolving funds. Oldest is the Agricultural Credit Insurance Fund (ACIF) established when FmHA began to make insured loans in the 1940s, and now the fund from which all farmer-program loans are made.

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