§ 1996. — Loans to resident aliens.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC1996]
TITLE 7--AGRICULTURE
CHAPTER 50--AGRICULTURAL CREDIT
SUBCHAPTER IV--ADMINISTRATIVE PROVISIONS
Sec. 1996. Loans to resident aliens
Notwithstanding the provisions of this chapter limiting the making
and insuring of loans to citizens of the United States, the Secretary
may make and insure loans under this chapter to aliens lawfully admitted
to the United States for permanent residence under the Immigration and
Nationality Act [8 U.S.C. 1101 et seq.]: Provided, That no loans may be
made or insured under this chapter to such aliens until the Secretary
issues regulations establishing the terms and conditions under which
such aliens may receive loans: Provided further, That the Secretary
shall submit the regulations to the Committee on Agriculture of the
House of Representatives and the Committee on Agriculture, Nutrition,
and Forestry of the Senate at least thirty days prior to the date the
regulations are published in the Federal Register.
(Pub. L. 87-128, title III, Sec. 348, as added Pub. L. 96-438,
Sec. 2(3), Oct. 13, 1980, 94 Stat. 1872.)
References in Text
For definition of ``this chapter'', referred to in text, see note
set out under section 1921 of this title.
The Immigration and Nationality Act, referred to in text, is act
June 27, 1952, ch. 477, 66 Stat. 163, as amended, which is classified
principally to chapter 12 (Sec. 1101 et seq.) of Title 8, Aliens and
Nationality. For complete classification of this Act to the Code, see
Short Title note set out under section 1101 of Title 8 and Tables.
