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FEDERAL
VOLUME 24

9 3 4

N i t .0

NUMBER 189

Washington, Saturday, September 26, 1959

Title 2 THE CONGRESS
ACTS APPROVED BY THE PRESIDENT
Cross R eference : A list of current
public laws approved by the President appears at the end of this issue imme diately preceding the Cumulative Codi fication Guide.

Title 6 AGRICULTURAL
CREDIT
Chapter III Farmers Home Adminis tration, Department of Agriculture SUBCHAPTER D SOIL AND WATER
CONSERVATION LOANS

FHA Instruction 442.1, Adm.
Letter 544440

PART 351-POLICIES AND
AUTHORITIES
Miscellaneous Amendments
1. The citations of authority covering 351.1 to 351.6 are revised to read as follows:
Au th ority : 351.1 to 351.6 issued under sec. 2, 50 Stat. 869, as amended, secs. 5, 6, 50 Stat. 870, secs. 9, 10, 68 Stat. 735, sec.
11, 72 Stat. 841; 16 U.S.C. 590s, 590v, 590w, 590x-2, 590x-3, 590x-4; Order of Acting Sec.
of Agri., 19 F.R. 74, 77; 22 F.R. 8188. Ad ditional authority is cited in parentheses fol lowing the sections affected.

2. Section 351.1, Title 6, Code of Fed eral Regulations 20 F.R. 1962, 21 F.R.
1226,22 F.R. 9409, 23 F.R. 161 is revised to define the types of loans, prescribe the preference for making insured loans over direct loans, to make certain other minor changes, and to read as follows:
351.1

General.

This part outlines the policies and au thorities for making insured and direct Soil and Water Conservation loans un der the Act of August 28,1937, as amend ed. As used herein, the term insured loan means a loan made from funds furnished by lenders and insured by the Government at the time of closing, or a loan made from the insurance fund pursuant to Public Law 85-748 72 Stat.
890, and insured by the Government
subsequent to closing, or both, as appro CONTENTS
priate. Direct loan means a loan made from funds authorized annually THE CONGRESS
by the Congress. The making of loans to Indians, and permitees and lessees on Acts A pproved______________ Indian trust lands, is subject to the ad ditional policies and procedures con EXECUTIVE AGENCIES
tained in P art 392 of this chapter.
Agricultural Marketing Service a Objectives. The basic objectives of Soil and Water Conservation loans are Notices:
Bakersfield Livestock Auction to encourage and facilitate the improve Co. et al. ; proposed posting of ment, protection, and proper use of farm stockyards_______________ land by providing adequate financing for soil conservation; water development, Proposed rule making :
Tobacco inspection ; standards conservation, and u s e ; forestation;
drainage of farm land; the establishment Rules and regulations :
Handling limitations:
and improvement of permanent pasture;
Lemons grown in California and other related measures.
and Arizona____________
b Insured loan preference. When Valencia oranges grown in ever possible, the credit needs of an ap Arizona and designated part plicant will be met with an insured loan.
of California____________
If a local or state lender is not available, Milk in Greater Boston, Springthe loan may be made from the insur field, and Worcester, Mass., ance fund provided 1 funds are avail marketing areas; order sus able, and 2 the loan is not less than pending certain provisions_
$3,000.
c Veterans preference. Veterans Agriculture Department will be given preference for Soil and See also Agricultural Marketing Water Conservation loans. When it ap Service ; Farmers Home Admin pears th at available fundsWill be in istration.
adequate to meet the needs of all appli Notices :
cants, the applications on hand from North Dakota; area for produc veterans will be processed first.
tion emergency loans______
d Compliance with special laws and regulations. Applicants for Soil and Army Department Water Conservation loans will be re Rules and regulations:
National Guard; enlisted men quired to comply with Federal, State, and local laws and regulations govern Atomic Energy Commission ing diverting, appropriating, and using Notices :
water; installing facilities for draining University of Washington; pro land; and making changes in the use of posed issuance of construction land affected by zoning regulations.
permit ________________
- 1 In making a Soil and Water Con servation loan involving the use of sur Civil Aeronautics Board face water by an applicant in states Notices:
Trans-Caribbean Airways, Inc.;
where the right to use such water is not prehearing conference-------granted or controlled pursuant to State statutes, it should be determined th at Commerce Department one or more of the following conditions See Federal Maritime Board.
are or will be present:
1 Water will be diverted from aDefense Department major stream on which the use of water See Army Department; Engineers Corps.
will not likely be contested or enjoined.
ii The ultimate success of the apEngineers Corps plicants farming operations and the Rules and regulations:
repayment of the loan will not be de Bridge regulations; New Jersey pendent upon the water supply diverted Intracoastal Waterway and tributaries_______________ Continued on p. 7751
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