Federal Register - January 22, 1947
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Source: Federal Register
FEDERAL
VOLUME 12
REGISTER
9 3 4
X V
NUMBER 15
t/A/ITEO %
Washington, Wednesday, January 22,1947
TITLE 6 AGRICULTURAL CREDIT
Subtitle A Office of the Secretary of Agriculture.
P art 01 D ebt S e t t l e m e n t SETTLEMENT OF CERTAIN DEBTS OF FARMERS
The regulations issued on the 20th day of January 1945 6 CFR Supp. 1945, Part 01, as amended, pursuant to the au thority contained in Public Law 518, 78th Congress, 58 Stat. 836 12 U. S. C. Sup,, 1150-1150c are hereby further amended by inserting the following after the word debtor, in paragraph a of 01.3
Settlement of indebtness thereof: ex cept in those cases where it is found that it is legally impossible for the debtor to make application,.
Sec. 1, 58 Stat. 836; 12 U. S. C. Sup., 1150
Issued this 17th day of. January 1947.
seal
C l in t o n P . A nder so n,
Secretary.
IF. R. Doc. 47-594; Filed, Jan. 21, 1947;
8:47 a. m.
Chapter III Farmers Home Adminis tration, Department of Agriculture P art
391 W
ater
F a c il it ie s L o a n s -
MISCELLANEOUS AMENDMENTS
Section 391.1 11 F. R. 177A-252 of Title 6, Chapter I I I of the Code of Fed eral Regulations, paragraphs b and d are amended and paragraph e is added to read as follows:
391.1 General.
b No loan may be made in excess $50,000 in connection with a single project or facility. Regional Directors are au thorized to approve Water Facilities loans to individuals in amounts not to exceed $5,000 and to associations in amounts not to exceed $7,500. State Directors are authorized to close Water Facilities loans, which were approved, or condi tionally approved, prior to the transfer of functions from the Regional FSA
Directors to the State FHA Directors.
State FHA Directors are authorized to approve Water Facilities loans to indi viduals, subject to the following limitations: 1 No Water Facilities loan, initial or subsequent, shall be approved by State FHA Directors or their subordi nates which will result in a total out standing Water Facilities indebtedness to that individual in excess of $5,000;
2 The aggregate of loans made to all individuals in connection with any one water facilities group service shall not exceed $5,000. State FHA Directors are authorized to redelegate to District FHA Supervisors all or any part of their authority to approve Water Facilities loans to individuals, except the approval of loans for irrigation purposes. State FHA Directors are authorized to redele gate to FHA Supervisors, in charge of County Offices, all or any part of their authority to approve Water Facilities loans to individuals, except FHA Super-, visors shall not be authorized to approve:
i Loans for irrigation purposes; ii any loan, initial or subsequent, which will result in a total outstanding Water Facilities indebtedness to one individual in excess of $1,000; and iii loans to es tablish Water Facilities group services.
Loans may be made for the expected life of the facility or for twenty years, which ever is less, and will bear interest at the rate of three percent per annum. Gen erally a first mortgage on the facility, and additional security, when available, and when needed to protect the Govern ments interests, are required.
d Applications of individuals for loans will be filed on Form FHA-197, Application for FHA Services, with the of local FHA office. Applications of associa tions will be by informal letter filed with the local FHA office. Associations will also be required to execute a loan agree ment on Form WF-3b, Agreement for Loan and Supplementary Grant. As sistance in planning and constructing the facility is furnished. The individual or association assumes the responsibility for the completion of the installation.
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CONTENTS
Agriculture Department See also Farmers Home Adminis tration.
Proposed rule making:
Oats, official standards of U. S., hearing_________
Rules and regulations:
Debt settlement of farmers_____
PaSe
446
441
Alien Property, Office of Notices:
Vesting orders etc.:
Beck, Aksel Lundgaard-_____
Bernstorff, Jeanne.__________
Pabstmann, Margareta____ _
Vermoegensverwaltung u n d Abwicklungsstelle G. m. b. H_
450
450
449
448
Civil Aeronautics Board Notices:
Accident near Galax, Va., hear ing---------------------------------
450
Civilian Production Administra tion Notices:
Consent order; D. L. Boozer____
Rules and regulations:
Priorities system operation PR
13, Revocation of Dir. 1,5,6, 8, 10-14, and 17______________
Puerto Rico, cotton and rayon fabrics for processing, first and second quarters, 1946__
Suspension orders:
Maikov Lumber Co. and James Burton Co________________
Rosen, H arry_______________
Wilshire Realty Co. and Hayes Construction Co___________
455
444
445
445
444
444
Coast Guard Notices:
Approval of equipment________
448
Customs Bureau Rules and regulations:
Airports of entry; redesigna tions of certain airports_____
444
Farmers Home Administration Rules and regulations:
Water facilities loans; miscel laneous amendments________
441
441
