§ 1006a. — Loans to homestead or desertland entrymen and purchasers of lands in reclamation projects; security; first repayment installment.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC1006a]
TITLE 7--AGRICULTURE
CHAPTER 33--FARM TENANCY
SUBCHAPTER I--TENANT PURCHASE LOANS AND MORTGAGE INSURANCE
Sec. 1006a. Loans to homestead or desertland entrymen and
purchasers of lands in reclamation projects; security; first
repayment installment
The Secretary of Agriculture is authorized to make a loan or loans
for any purpose authorized by and in accordance with the terms of the
Bankhead-Jones Farm Tenant Act, as amended, or the Act of August 28,
1937, as amended, to any person eligible for assistance under said Acts
who has made or makes a homestead or desertland entry on public land or
who has contracted for or contracts for the purchase of other land of
the United States in a reclamation project pursuant to the applicable
provisions of the homestead and reclamation laws. Any such loans
required by the Secretary of Agriculture or by law to be secured by a
real-estate mortgage may be secured by a mortgage contract which shall
create a lien against the land in favor of the United States acting
through the Secretary of Agriculture and any patent thereafter issued
shall recite the existence of such lien. The first installment for the
repayment of any such loan or any other loan made under the Bankhead-
Jones Farm Tenant Act, as amended, or the Act of August 28, 1937, as
amended, to the owner of a newly irrigated farm in a reclamation project
or to an entryman under the desertland laws, may be deferred for a
period of not to exceed two years from the date of the first advance
under such loan.
(Oct. 19, 1949, ch. 697, Sec. 1, 63 Stat. 883; Pub. L. 92-419, title VI,
Sec. 602, Aug. 30, 1972, 86 Stat. 675.)
References in Text
The Bankhead-Jones Farm Tenant Act, referred to in text, is act July
22, 1937, ch. 517, 50 Stat. 522, as amended, which is classified
generally to this chapter (Sec. 1000 et seq.). For complete
classification of this Act to the Code, see section 1000 of this title
and Tables.
Act of August 28, 1937, as amended, referred to in text, was
classified to sections 590r to 590x-4 of Title 16, Conservation, and was
repealed by Pub. L. 87-128, title III, Sec. 341(a), Aug. 8, 1961, 75
Stat. 318. See section 921 et seq. of this title.
The desertland laws, referred to in text, are classified generally
to chapter 9 (Sec. 321 et seq.) of Title 43, Public Lands.
Codification
Section was not enacted as part of the Bankhead-Jones Farm Tenant
Act, which constitutes a major part of this chapter.
Amendments
1972--Pub. L. 92-419 authorized loans to desertland entrymen and
provided for first repayment installment of a loan to an entryman under
the desertland laws.
Section Referred to in Other Sections
This section is referred to in sections 1006b, 1988 of this title;
title 43 section 451f.
