§ 1001 to 1006. — Repealed.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 7USC1001]
TITLE 7--AGRICULTURE
CHAPTER 33--FARM TENANCY
SUBCHAPTER I--TENANT PURCHASE LOANS AND MORTGAGE INSURANCE
Secs. 1001 to 1006. Repealed. Pub. L. 87-128, title III,
Sec. 341(a), Aug. 8, 1961, 75 Stat. 318
Section 1001, acts July 22, 1937, ch. 517, title I, Sec. 1, 50 Stat.
522; Aug. 14, 1946, ch. 964, Sec. 5, 60 Stat. 1072; June 30, 1953, ch.
174, Sec. 2, 67 Stat. 132; Aug. 1, 1956, ch. 829, Sec. 1(a)-(c), 70
Stat. 801; Sept. 2, 1958, Pub. L. 85-857, Sec. 13(j), 72 Stat. 1265,
related to power of Secretary of Agriculture, persons, eligible,
preferences, and conditions for loan or mortgage.
Section 1002, acts July 22, 1937, ch. 517, title I, Sec. 2, 50 Stat.
523; Aug. 14, 1946, ch. 964, Sec. 5, 60 Stat. 1072; Aug. 1, 1956, ch.
829, Sec. 1(d), 70 Stat. 801, related to examination, appraisal, and
certification of loans and insurance by county committee.
Section 1003, acts July 22, 1937, ch. 517, title I, Sec. 3, 50 Stat.
523; Aug. 14, 1946, ch. 964, Sec. 5, 60 Stat. 1072; June 19, 1948, ch.
551, Sec. 1, 62 Stat. 534; July 22, 1954, ch. 562, Sec. 1(a), (b), 68
Stat. 525; Aug. 1, 1956, ch. 829, Sec. 1(e), 70 Stat. 801, related to
terms of loans.
Section 1004, acts July 22, 1937, ch. 517, title I, Sec. 4, 50 Stat.
524; Aug. 14, 1946, ch. 964, Sec. 5, 60 Stat. 1072; Aug. 23, 1951, ch.
344, Sec. 1, 65 Stat. 197; Aug. 3, 1956, ch. 950, Sec. 9(a) 70 Stat.
1034, provided for equitable distribution of loans.
Section 1005, acts July 22, 1937, ch. 517, title I, Sec. 5, 50 Stat.
524; Aug. 14, 1946, ch. 964, Sec. 5, 60 Stat. 1072, authorized
appropriations for carrying out provisions with respect to tenant-
purchase loans and insured mortgages.
Section 1005a, act July 22, 1937, ch. 517, title I, Sec. 11, as
added Aug. 14, 1946, ch. 964, Sec. 5, 60 Stat. 1072; amended Aug. 30,
1954, ch. 1076, Sec. 1(5), 68 Stat. 966, created the farm tenant
mortgage insurance fund, authorized appropriation for such fund,
provided for disposition of excess and use of funds.
Sections 1005b, act July 22, 1937, ch. 517, title I, Sec. 12, as
added Aug. 14, 1946, ch. 964, Sec. 5, 60 Stat. 1072; amended June 19,
1948, ch. 551, Secs. 2-5, 62 Stat. 534; Aug. 23, 1951, ch. 344, Sec. 1,
65 Stat. 197; July 22, 1954, ch. 562. Sec. 1(c), 68 Stat. 525; Aug. 9,
1955, ch. 633, Secs. 2, 3, 69 Stat. 544; Aug. 1, 1956, ch. 829,
Sec. 1(f), (g), 70 Stat. 802, authorized the Secretary to insure
mortgages, provided for aggregate amount of mortgages, eligibility
provisions, payment of initial fees and disposition thereof, collection
of initial charge and disposition thereof, payment of sums to
mortgagees, payment of full amount, repayment to fund, insurance
contract as incontestable, release of mortgagor, assignment of mortgage,
repurchase of insured mortgages, agreements and determination of value.
Section 1005c, act July 22, 1937, ch. 517, title I, Sec. 13, as
added Aug. 14, 1946, ch. 964, Sec. 5, 60 Stat. 1072; amended Aug. 9,
1955, ch. 633, Sec. 4, 69 Stat. 554; Aug. 25, 1958, Pub. L. 85-748,
Sec. 1(b), 72 Stat. 841, related to payment of insurance upon default,
issuance of notes, purchase of notes by Treasury and assignment of
mortgage.
Section 1005d, act July 22, 1937, ch. 517, title I, Sec. 14, as
added Aug. 14, 1946, ch. 964, Sec. 5, 60 Stat. 1072; amended June 19,
1948, ch. 551, Secs. 6, 7, 62 Stat. 536, related to procedure with
respect to mortgages in default, disposition of realized amounts, and
disbursements for preservation and protection.
Section 1006, act July 22, 1937, ch. 517, title I, Sec. 6, 50 Stat.
524, related to authorization of appropriations and administrative
expenses.
For subject matter of sections 1001 to 1005d of this title, see
section 1921 et seq. of this title.
Effective Date of Repeal
Repeal of sections 1001 to 1006 effective one hundred and twenty
days after Aug. 8, 1961, or such earlier date as the provisions of
section 1921 et seq. of this title are made effective by regulations of
Secretary of Agriculture, see section 341(a) of Pub. L. 87-128, set out
as a note under section 1921 of this title.
Sections repealed effective Oct. 15, 1961, by former section 300.1
of Title 6, Code of Federal Regulations, see Effective Date note set out
under section 1921 of this title.
Short Title
Act Aug. 14, 1946, ch. 964, Sec. 1, 60 Stat. 1062, provided: ``This
Act [enacting section 1032a of this title and amending this chapter and
section 371 of Title 12, Banks and Banking] may be cited as the
`Farmers' Home Administration Act of 1946'.''
Delay in Liquidation of Mineral Rights Reserved to the United States
Act June 30, 1948, ch. 766, 62 Stat. 1166, provided: ``That,
notwithstanding any other provision of law, no mineral interests
reserved to the United States which are required to be liquidated under
the terms of the Farmers' Home Administration Act of 1946 [see Short
Title note above] shall be sold by the Secretary of Agriculture or
transferred by him to appropriate agencies of the United States for
disposition as surplus property of the United States until hereafter
authorized by law. Nothing contained in this Act shall be construed to
supersede or modify in any way the provisions of section 9 of the
Farmers' Home Administration Act of 1946 [section 1031 of this title].''
Transfer and Disposition of Certain Agencies and Their Assets,
Functions, and Personnel
Section 2 of act Aug. 14, 1946, as amended Apr. 28, 1947, ch. 43,
Sec. 1, 61 Stat. 55; Apr. 20, 1950, ch. 94, title II, Sec. 205(a), 64
Stat. 73; May 3, 1950, ch. 152, Sec. 7, 64 Stat. 100, provided that:
``(a) The following agencies, functions, powers, and duties are
hereby abolished and the following laws relating thereto repealed:
``(1) The Farm Security Administration and all of its functions,
powers, and duties.
``(2) All functions, powers, and duties of the Governor of the Farm
Credit Administration which relate to the making, administration, and
liquidation of (a) all loans to farmers under the Act entitled `An Act
to provide for loans to farmers for crop productions and harvesting
during the year 1937, and for other purposes', approved January 29, 1937
[former sections 10201 to 1020n, and 1020o of Title 12, Banks and
Banking]; (b) all loans identified or referred to in sections 5(b) all
loans identified or referred to in sections 5(b), 5(c), and 5(d) of
Executive Order Numbered 6084, dated March 27, 1933 [set out as a note
preceding section 2241 of Title 12], and (c) all other emergency crop
production, feed, seed, drought, and rehabilitation loans administered
by the Farm Credit Administration on the effective date of this Act
[Aug. 14, 1946].
``(3) All functions, powers, and duties of the National Housing
Agency with respect to property, funds, and other assets which were
formerly under the administration or supervision of the Farm Security
Administration and were transferred to or consolidated with the National
Housing Agency by Executive Order Numbered 9070 of February 24, 1942
except housing projects and except such other properties and assets as
are now in the process of liquidation. [Functions of the National
Housing Agency with respect to non-farm-housing projects and other
properties remaining under its jurisdiction pursuant to this paragraph
were transferred to the Public Housing Commissioner by 1947 Reorg. Plan
No. 3, eff. July 27, 1947, 12 F.R. 4983, 61 Stat. 954, set out in the
Appendix to Title 5, Government Organization and Employees.]
``(b) All assets, funds, contracts, property, and records and all
liabilities of the agencies abolished by this Act [see Short Title note
above] and all assets, funds, contracts, property, and records which the
Secretary of Agriculture, the Governor of the Farm Credit
Administration, and the National Housing Administrator have been using
or have acquired primarily in the administration of any function, power,
or duty so abolished and all liabilities chargeable thereto shall be
collected or liquidated, as the case may be, by the Secretary of
Agriculture, in accordance with this Act and the Bankhead-Jones Farm
Tenant Act, as amended [see section 1000 of this Title]. The Secretary
shall promptly transmit to the Treasurer of the United States for
appropriate credits all collections or other proceeds realized from the
assets, funds, contracts and property which are authorized to be
administered, collected or liquidated by this Act, except that (1) the
Secretary may retain so much of the personal property, such as office
furniture, equipment, machines, automobiles, stationery, and office
supplies, as he finds will be necessary in carrying out his duties under
this Act and the Bankhead-Jones Farm Tenant Act, as amended; (2) until
the loans obtained by the Secretary of Agriculture or the War Food
Administrator [terminated by Executive Order 9577 of June 29, 1945,
effective June 30, 1945] from the Reconstruction Finance Corporation
[abolished by Reorg. Plan No. 1 of 1957, eff. June 30, 1957, 22 F.R.
4633, 71 Stat. 647] for carrying on the Farm Security Programs have been
paid, the Secretary shall pay to the Reconstruction Finance Corporation,
as collected, in accordance with the terms of the applicable loan
agreements, the proceeds of all assets transferred to him for
administration and liquidation which are pledged as security for such
loans; and (3) the proceeds from collections on farmers' crop production
and harvesting loans [former sections 1020i to 1020n and 1020o of Title
12] made available by the paragraph entitled `Farmers' crop production
and harvesting loans' under the item `Farm Credit Administration' in the
Department of Agriculture Appropriation Act, 1947 [act June 22, 1946,
ch. 445, 60 Stat. 270], shall be available to the Secretary of
Agriculture for the fiscal year 1947 for making loans under title II of
the Bankhead-Jones Farm Tenant Act, as amended [former sections 1007,
1008 and 1009 of this title].
``(c) The funds appropriated, authorized to be borrowed, and made
available under the items `Farmers' crop production and harvesting
loans' (under the heading `Farm Credit Administration'), `Loans, Grants,
and Rural Rehabilitation' and `Farm Tenancy', in the Department of
Agriculture Appropriation Act, 1947 [act June 22, 1946, ch. 445, 60
Stat. 270], shall be available for the making and servicing of loans
under this Act, for servicing and collecting loans made under prior
authority, liquidation of rural rehabilitation projects, and for
administrative expenses in connection therewith, and to the extent that
such funds are validly obligated and committed on June 30, 1947, shall
be available for use by the Secretary in fulfilling such obligations and
commitments subject to the limitations set forth in the Acts
appropriating or authorizing such funds.''
``(d) [Repealed. Apr. 20, 1950, ch. 94, title II, Sec. 205(a), 64
Stat. 73.]
``(e) Any of the personnel that is being utilized on the effective
date of this Act [Aug. 14, 1946] for the performance of functions,
powers, or duties abolished or transferred by this Act, including, but
not limited to those related to emergency crop and feed loans, shall be
utilized by the Secretary of Agriculture in the performance of his
duties and functions under this Act and the Bankhead-Jones Farm Tenant
Act, as amended, to the extent that he determines that such personnel
are qualified and necessary therefor.''
``(f) [Repealed. May 3, 1950, ch. 152, Sec. 7, 64 Stat. 100.]
``(g) With the approval of the Secretary of Agriculture, the
consummation of the transfer of any function, power, duty, asset, or
liability transferred by this Act may be delayed not in excess of ninety
days after the effective date of this Act, during which time such
function, power, or duty, and any function, power, or duty abolished by
this Act, may be administered by such agency as the Secretary may
designate and in accordance with such rules and regulations as the
Secretary may prescribe. Such rules and regulations shall, however,
conform as nearly as may be practicable to the provisions of this Act,
the several appropriation Acts which are involved, or the Bankhead-Jones
Farm Tenant Act, as amended whichever is appropriate.''
Appropriation for Loans
The Department of Agriculture Appropriation Act of 1947, June 22,
1946, ch. 445, 60 Stat. 294, provided in part: ``For loans to individual
farmers in accordance with title I of said Act [former sections 1001 to
1005d, 1006, 1006c to 1006e of this title] and section 505(b) of the
Servicemen's Readjustment Act of 1944 (38 U.S.C. 694e(b) [former section
1001(b)(2) of this title]), $50,000,000, including $25,000,000 for loans
to eligible veterans which may be distributed, without regard to the
provisions of section 4 of the Bankhead-Jones Farm Tenant Act [former
section 1004 of this title], among the States and Territories in such
amounts as are necessary to make such loans, which sums shall be
borrowed from the [former] Reconstruction Finance Corporation at an
interest rate of not to exceed 3 per centum per annum and no loans,
excepting those to eligible veterans, may be made for the acquisition or
enlargement of farms which have a value, as acquired, enlarged, or
improved, in excess of the average value of efficient family-size farm-
management units, as determined by the Secretary, in the county, parish,
or locality where the farm is located; and the [former] Reconstruction
Finance Corporation is hereby authorized and directed to lend such sum
to the Secretary upon the security of any obligations of borrowers from
the Secretary under the provisions of title I of the Bankhead-Jones Farm
Tenant Act, approved July 22, 1937 [former sections 1001 to 1005d, 1006,
1006c to 1006e of this title]: Provided, That the amount loaned by the
[former] Reconstruction Finance Corporation shall not exceed 85 per
centum of the principal amount outstanding of the obligations
constituting the security therefor: Provided further, That the Secretary
may utilize proceeds from payments of principal and interest on any
loans made under such title I to repay the [former] Reconstruction
Finance Corporation the amount borrowed therefrom under the authority of
this paragraph.''
Similar provisions were contained in the following prior
appropriation acts:
May 5, 1945, ch. 109, 59 Stat. 161.
June 28, 1944, ch. 296, 58 Stat. 457.
July 12, 1943, ch. 215, 57 Stat. 427.
July 22, 1942, ch. 516, 56 Stat. 695.
July 1, 1941, ch. 267, 55 Stat. 439.
June 25, 1940, ch. 421, 54 Stat. 564.
