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REGISTER
VOLUME 20

1934

//V/TED

NUMBER 139

Washington, Tuesday, July 19, 1955
agencies. Approved forms and TITLE 6 AGRICULTURAL CREDIT lending documents will be made available
Chapter IV Commodity Stabilization Service and Commodity Credit Cor poration, Department of Agriculture Subchapter B Loans, Purchases, and Other Operations 1955 C. C. C. Mobile Drier Bulletin 1
P art
474 F a r m - S torage F a c il i t i e s
SUBPART 1955 PROGRAM TO FINANCE THE
PURCHASE OF MOBILE DRYING EQUIPMENT
FOR FARM COMMODITIES

This bulletin states the requirements with respect to the Program to Finance the Purchase of Drying Equipment for Farm Commodities formulated by Com modity Credit Corporation hereinafter referred to as CCC and the Commod ity Stabilization Service hereinafter re ferred to as CSS . The program will be carried out by CSS under the general supervision and direction of the Execu tive Vice President, CCC.
Sec.

474.426
474.427
474.428
474.429
474.430
474.431
474.432
474.433
474.434

Administration.
Availability of loans.
Approved lending agencies.
Eligible borrowers.
Eligible equipment.
Terms and conditions of loan.
Disbursement of loans.
Service charges.
Sale or conveyance of security.

Authority : 474.426 to 474.434 issued under sec. 4, 62 Stat. 1070, as amended; 15
U. S. C., 714b. Interpret or apply secs. 4, 5, 62 Stat. 1070, as amended, 1072; 15 U. S. C.
714b, 714c.

474.426 Administration. The pro gram will be administered by CSS, under the general direction and supervision of the Executive Vice President, CCC, and in the field will be carried out by State and county Agricultural Stabilization and Conservation committees herein after called State and county commit tees . State and county committees do not have authority to modify or waive any provisions of this subpart or amend ments or supplements to this subpart.
474.427 Availability of loans a Area. Loans will be available in any State of th continental United States.
b Time. Loan applications may be submitted from July 1, 1955, through June 30, 1956.
c Source. Loans may be obtained directly from CCC or through approved
CONTENTS

through offices of county committees. Agricultural Marketing Service FaSe Applications fo r loans shall, in either Proposed rule making:
case, be made to the county committee.
Potatoes, Irish, grown in Cali Disbursement of loans will be made by fornia and Oregon; handling, 5139
approved lending agencies under agree Tomatoes grown in Florida 5133
ments with CCC, or by drafts drawn Vegetables grown in certain on CCC by the county office.
counties in Colorado; ex penses and rate of assess 474.428 Approved lending agencies.
ment________________________ 5133
An approved lending agency shall be any bank, partnership, individual, or other Rules and regulations:
Approval of expenses and rate legal entity which has entered into a of assessment; Irish potatoes lending agency agreement for storage grown in Washington--------- 5120
equipment loans, on the form prescribed Limitation of:
by CCC.
Handling; Valencia oranges 474.429 Eligible borrowers. Loans grown in Arizona and part for the purchase of eligible equipment of California________
5118
will be made to éligible borrowers. An Shipments:
eligible borrower shall be a person who Cauliflower grown in cer a is a tenant share landlord, or land tain counties in Colo owner-operator who produces one or rado_____________________ 5117
more of the eligible commodities listed in Lemons grown in California 474.430, and b has facilities for the and Arizona______1------- 5120
storage of one or more such eligible Regulation by grades and sizes;
commodities suitable for adaptation to plums grown in California 3
artificial drying and needs such eligible documents_____________ 5118, 5119
equipment in connection with the utili zation of such facilities. The term per Agricultural Research Service son means an individual, partnership, Proposed rule making:
European chafer; quarantine in corporation, or other legal entity. I f certain States---------------- 5145
two or more individuals join together A dm in istrativ e instructions, 5147
in the purchase of eligible equipment, they must join as partners and each Agriculture Department such individual shall be liable jointly and See also Agricultural Marketing severally with respect to the loan.
Service; Agricultural Research Service; Commodity Stabiliza 474.430 Eligible equipment, a tion Service.
Loans will be made only for the purchase of eligible equipment. Eligible equip Notices:
North Dakota; designation as ment shall be mobile drying equipment area for production emer such as air-circulators, ventilators, gency loans_________________ 5150
tunnels, and power-fans, or any combi nation thereof, and mechanical driers Alien Property Office of a mobile typ e, which will be used in Notices:
connection with the conditioning of corn, American Askania Corp.; disso oats, barley, grain sorghums, wheat, rye, lution order---------------------- 5153
soybeans, flaxseed, rice, dry edible beans, dry peas, peanuts, cottonseed, hay seeds, Army Department pasture seeds, and winter cover crop See Engineers Corps.
seeds produced by the borrower.
Coast Guard b Loans will not be available 1 forRules and regulations:
the refinancing, repair, remodeling or Tank vessel and marine engi maintenance of existing eligible equip neering regulations; correc ment 2 for the purchase of secondhand tion--------------------------------- 5131
eligible equipment, or 3 for the use in Commodity Stabilization Service connection with the conditioning of Notices:
commodities which the borrower intends Peanuts; redelegation of final to purchase, or condition, or store for authority by North Carolina State ASC Committee--------- 5150
Continued pn p. 5115
5113