§2008b. Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers
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Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.
Full Text
§2008b. Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers
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.
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.
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