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REGISTER
VOLUME 23

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NUMBER 9

Washington, Tuesday, January 14, 1958
TITLE 6 AGRICULTURAL CREDIT
Chapter III Farmers Home Adminis tration, Department of Agriculture Subchapter G Miscellaneous Regulations FH A Instruction 447.1
P ar t
391 W

atershed
L

oans
POLICIES AND AUTHORITIES

Title 6, Code of Federal Regulations, is amended by the addition of a new Part 391 as follows:
Subpart A Policies and Authorities Sec.
391.1
391.2
391.3
391.4
391.5
391.6
391.7
391.8
391.9
391.10
391.11
391.12
391.13
391.14
391.15

General.
Application for loans.
Eligibility for loans.
County Committee recommendations and comments.
Loan purposes.
Loan limitations.
Special requirements.
Terms of loans.
Security requirements.
Approval of loans.
Planning advances.
Multiple loan advances.
Loan closing.
Use of and accountability for loan funds.
Accounts and records of local organization.

Authority : 391.1 to 391.15 issued undei
TT. S. C. 22. Interpret or applj fi Stat. 666668, as amended, secs, stat- 1960; 16 U. S. C. 1001-1007. E. O
10584, 19 p. R. 8725, 3 CFR 1954 Supp.
SUBPART A POLICIES AND AUTHORITIES

w General. Watershed loans tc tv, organizations are authorized undei W a t e r ! Protection and Flooc Prevention Act Pub. Law 566, 83d Cong.
r w 6uded by L aw 1018, 84tfc Tho o hereafter referred to as the act , Secretary of Agriculture is authoract Ve technical and Dlanni1 be!P local organizations ir S S S S l f ? carryin? oat works of imthe Jpro c IXS and developing Wat a?,and water resources in smal L o c a l ? r sut>watershed project areas local nrfPe through their owr tive S a5u5ations most take the initiasmall rf sP nsibility for starting n % ri ed pr j ects loan nu4delil0!Ls For Watershed tion5! 68 tbe tenn local organizaagency o n v f-State or a department smi poa cal subdivision thereof ater conservation district, irri
gation district, drainage district, flood prevention or control district, municipal corporation, or similar agency having au thority under State law to carry out, maintain and operate works of improve ment, and to borrow any repay loans for the installation thereof.
2 Works of improvement are de fined as structural or land treatment measures needed in small watershed or subwatershed areas and included in a watershed work plan for i flood pre vention to reduce floodwater, sediment, and erosion damage, or ii the conser vation, development, utilization, and dis posal of water.
3 A watershed work plan is a plan agreed upon by a local organization and the Soil Conservation Service for carry ing out, operating, and maintaining works of improvement for protecting and developing land and water resources in a particular watershed or subwatershed area. It describes the watershed and its problems and needs. It contains esti mates of costs, proposed cost-sharing ar rangements, responsibilities, and eco nomic justification for specific works of improvement desired by local people for protection and improvement of that watershed. W hen approved, it is the basis for extending Federal, technical, and cost-sharing assistance. It will be used by the Farmers Home Administra tion when considering an application for a Watershed loan.
4 A watershed project is a system of works of improvement in a watershed or subwatershed area of not more than 250,000 acres for flood prevention, irriga tion, drainage, municipal water supply, or other water management purposes.
b Coordination of Soil Conservation
Service and Farmers Home Administra tion responsibilities and activities. The Secretary of Agriculture assigned to the Farmers Home Administration responsi bility for administering section 8 of the act relative to loans. The Soil Conserva tion Service is responsible for adminis tering the other sections of the act. The Memorandum of Understanding entered into by the Soil Conservation Service and the Farmers Home Administration covers policies and methods coordinating these assigned responsibilities.
c Cost sharing. The act provides for sharing certain costs of installing works of improvement by the Federal Govern Continued on next page
CONTENTS
Agricultural Marketing Service Proposed rule making:
Milk, Nashville, Tenn., market ing area; handling__________ _

PaSe 247

Agriculture Department See Agricultural Marketing Serv ice; Commodity Credit Corpo ration; Commodity Stabiliza tion Service; Farmers Home A d ministration.

Civil Aeronautics Administra tion Rules and regulations:
Restricted areas; alterations
245

Civil Aeronautics Board Notices:
Hearings, postponements of :
Blatz Airlines, Inc., enforce ment proceeding_________
lin e a Expresa Bolivar Com pania Anonima__________ _

260
260

Civil Service Commission Notices:
Engineering design and draft ing, all classes of positions in series GS-818-0, MinneapolisSt. Paul, Minn, area; increase in minimum rates of pay___
Rules and regulations:
Competitive service, exceptions from:
General Services Administration_________________________
Justice Department__________

260

244
244

Commerce Department See Civil Aeronautics Administra tion.

Commodity Credit Corporation Rules and regulations:
Sorghums, grain, 1957-crop loan and purchase agreement pro gram; availability of price support_______________________ _

244

Commodity Stabilization Service Proposed rule making:
T o b a c c o , cigar-filler, cigar binder, and cigar-filler and binder; establishment of farm acreage allotments and nor mal yields, 1958-59 market ing year____________________ __
Rules and regulations:
Tobacco, Maryland; announce ment and apportionment of national marketing quota, 1958-59 _______________________
239

258

244