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Farm Storage Facility Loan and Sugar Storage Facility Loan Programs

farm-program · Commodity Credit Corporation · Rule · Published 2009-08-18 · Effective 2009-08-17 · 74 FR 41581

Document

Document number
E9-19652
Federal Register citation
74 FR 41581
CFR reference
7 CFR 1436
Type
Rule
Action
Final rule.
Category
farm-program
Sub-agency
Commodity Credit Corporation
Publication date
2009-08-18
Effective date
2009-08-17

Abstract

The Commodity Credit Corporation (CCC) is amending the Farm Storage Facility Loan (FSFL) and Sugar Storage Facility Loan (SSFL) regulations to implement provisions of the Food, Conservation, and Energy Act of 2008 (the 2008 Farm Bill). The 2008 Farm Bill adds hay and renewable biomass as eligible FSFL commodities, extends the maximum loan term to 12 years, and increases the maximum loan amount to $500,000. This rule also adds fruits and vegetables (including nuts) as eligible facility loan commodities and adds cold storage facilities as eligible facilities pursuant to discretionary authority in the 2008 Farm Bill. This rule amends the regulations to clarify requirements for loan security and to allow for a partial loan disbursement during construction if certain conditions are met. This rule amends the FSFL program regulations, which include SSFLs; however, there are no changes to the specific requirements for SSFLs.

Source

Authoritative
Federal Register document
Machine
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