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VOLUME 14

om io

NUMBE1 135

Washington, Friday, July 15, 1949

TITLE 6 AGRICULTURAL CREDIT
Chapter III Farmers Home Adminis tration, Department of Agriculture Subchapter B Farm Ownership Loans
P art 311B asic R egulations SUBPART B LOAN LIMITATIONS
AVERAGE VALUES OF FARMS AND INVESTMENT
LIMITS

For the purposes of Title I of the Bankhead-Jones Farm Tenant Act, as amended, the average value of efficient family-type farm-management units and the investment limit for the county iden tified below are determined to be as here in set forth. The average value and the investment limit heretofore established for said county, which appear in the tab ulations of average values and invest ment limits under 311.30, Chapter III, Title 6 of the Code of Federal Regula tions 13 .F. R. 9381, are hereby super seded by the average value and the in vestment limit set forthbelow for said county.
North Dakota
Average County:
value Williams . $16, 000

Investment lim it $12,000

Sec. 41 i, 60 Stat. 1066; 7 U. S. C. 1015
i. Applies secs. 3 a, 44 b, 60 Stat.
1074, 1009; 7 U. S. C. 1003 a , 1018 b Issued this 12th day of July 1949.
seal
Charles F. B rannan,
Secretary ofAgriculture.
F. R. Doc. 49-5774; Filed, July 14, 1949;
8:47 a. m.

P art 321S election of F arms SUBPART C CERTIFICATION BY COUNTY
COMMITTEE

Subpart C, Certification, in Part 321
of Title 6, Code of Federal Regulations 13 F. R. 9399; 6 CFR 321.41-321.43, is redesignated as Certification by County Committee, and amended to read as fol lows;
Sec.
321.41 General.
321.42 Certification of farm.
321.43 Determination of equity and tract valuation.
321.44 Execution of forms.

Authority: 321.41 to 321.44 issued under sec. 41 i, 60 Stat. 1066; 7 U. S. C. 1015 i.
321.41 through 321.43 interpret and apply secs. 1 c, 2 a 2, b, d, 3 a, 42 c, d; 60 Stat. 1073, 1074, 1067; 7 U. S. C. 1001
c , 1002 a 2>, b, d, 1003 a, 1016 c, d . Other statutory provisions interpreted or applied are cited to text.
Derivation: 321.41 to 321.44 contained in FHA Instruction 421,3.

321.41 General, a The County Committee is responsible for: 1 Deter mining that each farm to be financed with the proceeds of a direct or insured Farm Ownership loan is of such charac ter that there is reasonable likelihood that the making or insuring of the loan with respect to the farm will carry out the purposes of the BankheadrJones Farm Tenant Act, as amended; 2 deter mining the amount which it finds to be the fair and reasonable value of the farm, based upon its normal earning capacity, after contemplated improvements or en largements are made; 3 recommending the amount and purposes of the loan;
and 4 determining that the value of the farm, as acquired, enlarged, or im proved will not be in excess of the average value of efficient family-type farm-man agement units in the county.
b The Committee will certify to the above determinations on Form FHA-491, County Committee Certification, with respect to all loans, except in transfer cases when Form FHA-499, Recertifica tion by County Committee, will be used.
In addition, Form FHA-493, Equity De termination and Tract Valuation, will be prepared as a supplemental certifica tion in connection with Farm Enlarge ment loans, Farm Development loans, and subsequent loans.
c The County Supervisor will ar range for a meeting of the Committee to personally examine the farm. Forms FHA-596, Earning Capacity Report, FHA-643, Farm Development Plan, FHA-14C, Long-Time Farm and Home Plan, and FHA-14, Farm and Home Plan, will be made available to the Com mittee. On the basis of this personal examination of the farm and the infor mation contained in these forms, the Committee will make the necessary de terminations with respect to the farm.
321.42 Certification of farm, a For all Farm Ownership loans the Com mittee will enter on Form FHA-491 its Continued on p. 3915

CONTENTS
Agriculture Department
Pa&e
See Farmers Home Administra tion; Production and Marketing Administration.

,
Alien Property, Office of
Notices:
Vesting orders, etc. :
Becker, W illiam -,.__
Becker &Co_____._______
Calandra, Alphonse______
Dreher, Johanna______.____
Exportkreditbank A. G_____ _
Freyssinet, Eugene________
Kaufmann, N ari__________
Klingelhofer, Charles Louis._
Matsui, Kitinosuke____ ____

3970
3970
3972
3970
3971
3972
3971
3972
3971

Civil Aeronautics Board
Notices :
Convention on International Civil Aviation, Airworthiness of Aircraft, proposed annex 8_______ ________________
Proposed rule making:
Operator, commercial, sched uled intrastate; certification and operation requirements Rules and regulations:
Airplane airworthiness, trans port categories; temperature accountability for take-off limitations for transport category airplanes Corr.______
Alaskan air carriers, classifica tion and exemption; limited air carrier operations_______
Local area air carrier operating certificates; issuance for air craft under 12,500 lbs. take-off weight_____ _____

3922

3920

3915
3915

3915

Economic Cooperation Admin istration
Rules and regulations:
Guaranties under the Economic Cooperation Act of 1948, as amended______________ __ 3916
Procedures for furnishing assisttance to participating coun tries; procurement authoriza tion numbers and delivery dates _____ _____________ 3916
Farmers Home Administration
Rules and regulations:
Farm ownership loans:
Loan limitations; average val ues of farms and invest ment limits__ _______ 3913
3913