HR 986 · 100th Congress · Agriculture and Food

A bill to provide for the acquisition, by the Farm Credit System Capital Corporation, of real estate assets of Federal land banks, and for other purposes.

Introduced 1987-02-04· Sponsored by Rep. Huckaby, Thomas J. (Jerry) [D-LA-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Conservation Credit and Rural Development.(1987-02-10)

Plain Language Summary

[AI summary unavailable — showing source text] Requires the Farm Credit System Capital Corporation, at the request of a Federal land bank, to purchase real estate assets of such bank through September 30, 1990. Authorizes the Corporation to finance such activities through sales of long-term obligations. Prohibits the sale or permanent transfer of such assets if such sale or transfer will adversely affect local farm real estate values.…

Summarized by Claude AI · Non-partisan · For informational purposes only