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FEDERAL
VOLUME 19

C f lV r T t O

v i
EGISTER
NUMBER 48

Washington, Thursday, March 11, 1954

TITLE 6 AGRICULTURAL CREDIT
Chapter III Farmers Home Adminis tration, Department of Agriculture Subchapter B Farm Ownership Loan
FHA Instruction 401.2

delegate for the purposes of title I of the Bankhead-Jones Farm Tenant Act, as amended, of efficient family-type farm-management units situated in the county, parish, pr locality.

Agricultural Marketing Service
Pas
Proposed rule making:
Milk handling in Chicago, 111___

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Sec. 3 a , 60 Stat. 1074; 7 U. S. C. 1003 a

Agricultural Research Service
CONTENTS

311.23 Fair and reasonable value of Rules and regulations:
Hog cholera, swine plague, and farm. The fair and reasonable value other communicable swine of a farm is determined by the County SUBPART B LOAN LIMITATIONS
/ diseases; vesicular exan Committee in accordance with 321.41
Subpart B, Part 311, Title 6, Code of to 321.44 of this chapter and is the thema; changes in areas quar Federal Regulations 13 F. R. 9380, 16 amount certified by the Committee on antined________
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F. R. 3399 is revised to provide for de Form FHA-491, "County Committee Quarantine notices, foreign;
terminations by the Administrator of the Certification," or on Form FHA-499, fruits and vegetables; amend Farmers Home Administration or his "Recertification by County Commit ment of administrative in delegate of "average values" of farms; tee, to be the fair and reasonable structions for cold treatments to eliminate the term investment limit; value of the farm, based upon its normal of imported vinifera grapes to remove limits on the amount a loan earning capacity, after contemplated and certain other fruits____ _ 1366
applicant may invest in a farm; and to improvements are made.
Agriculture Department renumber the sections in this subpart.
As revised, said subpart reads as follows: Sec. 2 b , 60 Stat. 1074; 7 U. S. C. 1002 b See also Agricultural Marketing Service; Agricultural Research Sec.
311.24 Average value limitation.
Service; Commodity Stabiliza 311.21 General.
No direct or insured loan initial or sub tion Service; Farmers Home 311.22 Average value.
sequent for the acquisition, enlarge Administration.
311.23 Fair and reasonable value of farm.
ment, or development of any farm and 311.24 Average value lim itation.
no credit sale by the Farmers Home Ad Notices:
311.25 Limit on am ount of direct loan.
Colorado; disaster assistance;
ministration of a farm on title I terms 311.26 Limit on am ount of insured loan.
delineation and certification 311.2? Farm situated in more th an one will be approved if the fair and reason of counties contained in able value of the farm exceeds the ap county.
drought area_____________
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311.28 Territorial subdivisions In Alaska, plicable average value.
P art 311 B asic R egulations
Puerto Rico, and the Virgin Islands.
811.29 Average values of farms.
Authority: 311.21 to 311.29 issued u n
der sec. 41 i, 60 Stat. 1066; 7 U. S. C. 1015
i. Statutory provisions interpreted or ap plied are cited to text in parentheses.

311.21 General. No loan under title I of the Bankhead-Jones Farm Tenant Act, as amended, may be made or in sured for the acquisition, enlargement, or improvement of a farm which has a value, as acquired, enlarged, or im proved, in excess of the average value of efficient family-type farm-manage ment units in the county, parish, or lo cality in which the farm is situated.
Direct or insured Farm Ownership loans will be made only in counties, parishes, and localities for which such average values have been established see 311.29.
Sec. 3 a , 60 Stat. 1074; 7 U. S. C. 1003 a

M5 311.22 Average value. The term average value for a county, parish, or locality means the average value, as de termined by the Secretary of Agricul ture or by the Administrator of the Farmers Home Administration or his
Secs. 3 a , 43 b , 51, 60 Stat. 1074, 1067, 1070; 7 U. S. C. 1003 a , 1017 b , 1025

311.25 Limit on amount of direct loan. No direct loan initial or subse quent or transfer or credit sale of land on title I terms which will result in a direct Farm Ownership indebtedness in an amount which exceeds the fair and reasonable value of the farm will be ap proved.
Secs. 3 a , 43 b , 44 b , 51, 60 Stat. 1074, 1067, 1069, 1070; 7 U. S. C. 1003 a , 1017 b , 1018 b , 1025

Civil Aeronautics Board
Rules and regulations:
Commercial operator certifica tion and operation rules.___
Irregular air carrier and offroute rules; special civil air regulation; certification and operation rules for star route air carriers_;_____ ___ ____
Maintenance, repair, and alter ation of airframes, power plants, propellers, and appli ances; approval of repairs and alterations to products manu factured under technical standard order_____________

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311.26 Limit on amount of insured 1369
loan. No insured Farm Enlargement or Farm Development loan and no insured Commodity Stabilization Service Tenant Purchase loan where the appliProposed rule making:
Peanuts; proposed determina cant owns an undivided interest in the tion with respect to supply of farm will be approved in an amount several types of peanuts for which exceeds 90 percent of the fair and 1954-55 marketing year.
1371
reasonable value of the farm. An insured Tenant Purchase loan where the appli Defense Department cant does, not own an undivided interest Delegation of authority to Secre in the farm shall not be approved in an tary with respect to application amount which exceeds 90 percent of the of California Electric Power Co.
lesser of the fair and reasonable value of for authority to increase electric the farm or the sum of:
power rates see General Serv Continued on next page ices Administration
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