HR 8968 · 95th Congress ·

A bill to amend the Consolidated Farm and Rural Development Act for the purposes of increasing the maximum amounts of real estate and operating loans.

Introduced 1977-09-08· Sponsored by Rep. Evans, Billy Lee [D-GA-8]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Agriculture.(1977-09-08)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Consolidated Farm and Rural Development Act to increase the limitation requirements regarding real estate loans: (1) from $225,000 to $325,000 as to the unpaid indebtedness against the farm or other security at the time the loan is made; and (2) from $100,000 to $200,000 as to the loans to any one borrower. Increases from $50,000 to $125,000 the ceiling on the total principal indebtedness which may be outstanding at any one time for operating loans.…

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