§ 1963. — Purpose and extent of loans.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC1963]
TITLE 7--AGRICULTURE
CHAPTER 50--AGRICULTURAL CREDIT
SUBCHAPTER III--EMERGENCY LOANS
Sec. 1963. Purpose and extent of loans
Loans may be made or insured under this subchapter for any purpose
authorized for loans under subchapter I or II of this chapter and for
crop or livestock changes that are necessitated by a quarantine, natural
disaster, major disaster, or emergency and that are deemed desirable by
the applicant, subject to the limitations on the amounts of loans
provided in section 1964(a) of this title.
(Pub. L. 87-128, title III, Sec. 323, Aug. 8, 1961, 75 Stat. 311; Pub.
L. 96-438, Sec. 3(b)(1), Oct. 13, 1980, 94 Stat. 1873; Pub. L. 104-127,
title VI, Sec. 623, Apr. 4, 1996, 110 Stat. 1091; Pub. L. 107-171, title
V, Sec. 5201(b), May 13, 2002, 116 Stat. 344.)
References in Text
For definition of ``this chapter'', referred to in text, see note
set out under section 1921 of this title.
Amendments
2002--Pub. L. 107-171 inserted ``quarantine,'' before ``natural
disaster''.
1996--Pub. L. 104-127 inserted ``that are necessitated by a natural
disaster, major disaster, or emergency and that are'' after ``livestock
changes''.
1980--Pub. L. 96-438 substituted provisions relating to the purposes
and extent of loans made or insured under this subchapter for provisions
limiting loans to amounts certified by the county committee.
Effective Date of 1996 Amendment
Amendment by Pub. L. 104-127 effective 90 days after Apr. 4, 1996,
see section 663(b) of Pub. L. 104-127, set out as a note under section
1922 of this title.
Effective Date of 1980 Amendment
Amendment by Pub. L. 96-438 effective with respect to loans approved
after Oct. 13, 1980, except for certain subsequent emergency loans, see
section 3(d) of Pub. L. 96-438, set out as a note under section 1961 of
this title.
