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Washington, Wednesday, July 20, 1949

TITLE 6 AGRICULTURAL CREDIT
Chapter II! Farmers Home Adminis tration, Department of Agriculture Subchcpter C Production and Subsistence Loans
P art
342 P o l ic ie s
USE OF LOAN FUNDS

Section 342.3, Title 6, Code of Federal Regulations 13 F. R. 9419, 9420, is amended to read as follows:
342.3 Use of loan funds, a Pro duction and Subsistence loans may be made for:
1 Purchasing necessary livestock, farm equipment and farm equipment re pairs, seed, feed, fertilizer, lime, farm supplies, and other farm needs including the acquisition of memberships in the farm purchasing and marketing and farm-service type cooperative associa tions. These purposes do not include the purchase of passenger automobiles, memberships in production cooperatives, or memberships for the purpose of estab lishing control by the Farmers Home Ad ministration in any type of cooperatives.
2 Paying for necessary hired farm labor during peak seasons or periods of emergency and for necessary custom work or services.
3 Paying debts secured by liens on chattels livestock or farm equipment essential to the applicants farming op erations, and paying cash rent, where no other satisfactory rental arrangements can be effected, for not more than one year in advance: Provided, i The ap plicant is obligated under a written lease to pay the amount to be advanced for such purpose, and ii the terms of the lease provide the applicant with reason ably secure and satisfactory tenure.
4 Paying taxes i for the current year, and ii for other years on prop erty serving as security for Farmers Home Administration loans. Production and Subsistence loan funds will not be used to pay taxes, either current or de linquent, on Farm Ownership farms when Farm Ownership loan funds are available for this purpose.
5 Paying insurance premiums on property and insurance policies serving as security for Farmers Home Adminis tration loans. Production and Subsist ence loan funds will not be used to pay
insurance premiums on buildings on CONTENTS
Farm Ownership farms when Farm Ownership loan funds are available for Agriculture Department this purpose.
See also Commodity Credit Corpo 6 Purchasing essential home equip ration; Farmers Home Admin ment and home equipment repairs .re istration; Production and Mar quired by the applicant family to sustain keting Administration.
itself on the farm in a reasonably satis Notices :
factory manner.
Designation of Forest Service 7 -Meeting family subsistence needs, as agency within Department including expenses for medical care.
of Agriculture to administer, 8 Erecting minor or portable build protect and manage certain ings and making necessary maintenance lands in Oregon__________
repairs and minor improvements to existing buildings, and purchasing equip Alien Property, Office of ment and paying other costs incidental Notices:
Vesting orders, etc.:
to establishing or improving the farm Aoki, Niro, et al___________
stead water supply, provided not more Bock, F. William__________
than $500 may be advanced to a bor Brockman, John M., and Se rower for any or all such purposes dur curity Trust and Savings ing any fiscal year.
Bank---------------------------9 Purchasing fencing material.
Funk, Gregor_________
10 Constructing terraces and water Gaston, William A_________
ways and paying for other approved soil Mollnau, Fred C________,__
conservation and improvement measures.
Muroi, Reiichi____________
b The use of Production and Sub Neumann-Burri, Anna__ __
sistence loan funds for the purposes au Prior, Willie O. L______ ___
thorized in paragraph a 8, 9 and Salzmann, Max 2 docu 10 of this section is subject to the ments ------------------------following limitations:
Satoh, Henry I and Lou H.
1 Production and Subsistance loans Satoh--------------------------may not be used in lieu of the authority Schroder, Herman_________
to make Farm Ownership loans for farm development purposes, but may be made Civil Aeronautics Board for such purposes when Farm Ownership Proposed rule making:
loans are not practical because of the Air carrier operating certifi limited amount of funds needed, the cates, issuance to persons short repayment period required, or the holding temporary certifi tenure status of the applicant. Produc cates of public convenience tion and Subsistence loan funds may not and necessity_____________
be used to supplement Farm Ownership Commerce Department loan funds for farm development pur See International Trade, Office of.
poses which were included in the devel Commodity Credit Corporation opment plans at the time the Farm Own ership loan was made.
Rules and regulations:
Barley; 1949 barley price sup2 Production and Subsistence loans port program bulletin 2 doc may not be used in lieu of the authority um ents_________________
to make Water Facilities loans in the Tobacco; 1949 loan program__
seventeen western states, but may in clude funds for establishing or improv Customs Bureau ing the farmstead water supply when it is Rules and regulations:
not practicable to make a water facili Liability for duties, entry of im ties loan for such purposes and the cost ported merchandise:
does not exceed $200.00. However, this Evidence of right to make en does not limit the use of Production and try------------------ -----------Subsistence loan funds to the extent au Wool Products Labeling Act thorized in paragraph a of this section of 1939; invoicing require C o n tin u ed on n e x t page ments--------------------------4507

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