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REGIST
VOLUME 17

ONnto
NUMBER 130

Washington, Thursday, July 3, 7952

TITLE 6 AGRICULTURAL CREDIT
Chapter IV Production and Market ing Administration and Commodity Credit Corporation, Department of Agriculture Subchapter C-Loans, Purchases, and Other Operations
P art
674F arm S torage F acilities
SUBPART FARM-STORAGE FACILITY LOAN
PROGRAM

This bulletin states the requirements with respect to the Farm Storage Fa cility Loan Program formulated by Commodity Credit Corporation herein after referred to as CCC and the Production and Marketing Administra tion hereinafter referred to as PMA.
The program will be carried out by PMA under the general supervision and direction of the President, CCC.
Sec.
674.175 A dm inistration.
674.176 A vailability of loans.
674.177 Approved len d in g agencies.
674.178 Eligible borrowers.
674.179 E ligible stru ctu res.
674.180 Term s and con d ition s of loan.
674.181 D isbursem ent of loan.
674.182 Service charge.
674.183 Sale and conveyance of security.
Authority : 674.175 to 674.183, Issued under sec. 4, 62 S tat. 1070, as am ended; 15
U. S. C. Sup., 714b. In terp ret or apply sec.
5, 62 S ta t. 1072; 15 U. S. C., 714c.

674.175 Administration. The pro gram will be administered by PMA, un der the general direction and supervision of the President, CCC, and in the field will be carried out by State and county PMA committees hereinafter called State and county committees. State and county committees do not have authority to modify or waive any provi sions of this subpart or amendments or supplements to this subpart.
674.176 Availability of loansa Area. Loans will be available in all States.
b Time. Loan applications may be submitted after June 30, 1952.
c Source. All forms and documents will be made available through the of fices of county committees. Disburse ments of loans will be made by approved
lending agencies under agreements with CONTENTS
CCC, or by drafts drawn on CCC by the Agriculture Department county committees.
Animal Industry Bureau;
674.177 Approved lending agencies. See Commodity Credit Corporation;
An approved lending agency shall be any Federal Crop Insurance Corpo bank, partnership, individual, or other ration; Production and Market legal entity which has entered into a ing Administration.
lending agency agreement for storage Animal Industry Bureau loans, on form prescribed by CCC.
Proposed rule making:
674.178 Eligible borrowers. Any Meat inspection regulations;
person who, as tenant, landlord, or land ante-mortem inspection; dis owner-operator, produces one or more of posal of diseased carcasses the commodities listed in 674.179, a and parts--------------------------landowner who rents for cash his land Civil Aeronautics Administra on which one or more of such commodi tion ties are produced, and any two or more of such persons who wish to join together Rules and regulations:
in purchasing and erecting or construct . Alterations:
Civil airways, designation ing a facility, will be eligible for loans Control areas, control zones, for the purchase and erection or con and reporting points, desig struction of eligible storage facilities nation __________________
needed by them, except that tenants will not be eligible for loans on immovable Civil Aeronautics Board facilities unless the property on which Notices:
the facility is to be located is held under Hearings, etc.:
an assignable long term lease i. e., a Pioneer Air Lines, Inc---------lease which will run at least ten years Wiggins Airways, Inc.; re beyond maturity of the loan and the newal investigation case__
tenant has obtained, either in the lease Commerce Department or separately, the written consent of the owner of the land to construct the facil See Civil Aeronautics Administra tion; National Production Au ity thereon. The term "person means thority.
an individual, partnership, corporation or other legal entity.
Commodity Credit Corporation Rules and regulations:
674.179 Eligible structures, a Farm storage facilities; loan New farm storage facilities of movable program__________________
or immovable type, and additions to existing immovable facilities, which Customs Bureau meet the requirements for eligible stor Rules and regulations:
Customs districts and ports;
age under the CCC price support loan changes in field organization.
programs and which have not been pur Liquidation of duties; posting at chased or partially constructed prior to port of entry_______________
the date application is made, and used farm storage facilities which CCC pre Defense Materials Procurement viously acquired by foreclosure or other Agency means under this program, will be elig ible under this program provided such Notices :
Administrator of General Serv facilities are to be used for the storage ices; delegation of authority of cottonseed, corn, wheat, rye, oats, to establish manganese pur barley, grain sorghums, soybeans, flax chase depot at Wenden, seed, rice, dry edible beans, dry peas, Arizona__________________
peanuts, pasture seeds, hay seeds and Defense Mobilization, Office of winter cover crop seeds produced by or Notices:
on land owned by the eligible borrower.
Finding and determination of Loans for the construction of immovable critical d e f e n s e housing C on tin u ed on p. 5979
areas_________ __ ________
5977

Pas
5995

5980
5981

6013
6013

5977

5981
5982

6013

6010