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VOLUME 16

1934

Nnto

NUMBER 76

Washington, Thursday, April 19, 1951

TITLE 6 AGRICULTURAL CREDIT
Chapter III Farmers Home Adminis tration, Department of Agriculture Subchapter B Farm Ownership Loans P art
311 B a s ic R e g u l a t io n s
S u b pa r t B L o a n L i m it a t io n s LIMITATIONS APPLICABLE TO FARM
OWNERSHIP LOANS

Sections 311.21 through 311.29 in Title 6 of the Code of Federal Regulations 13
F. R. 9381 are amended and republished to read as herein set forth in order 1 .to empower State Directors to authorize the approval of Farm Ownership loans with respect to farms in which the appli cants may have total investments greatfer than $12,000 but not greater than $15,000, and to reserve to the Ad ministrator the power to authorize the approval of Farm Ownership loans with respect to farms in which the applicants may have total investments greater than $15,000 but not greater than the county average value of farms as determined by the Secretary; and 2 to indicate a change irt the title of Form FHA-493
from Value of Applicants Unit to Equity Determination arid Tract Valua tion.
Sec.
311.21 General.
311.22 Average value.
311.23 Investment limit.
311.24 Fair and reasonable value of farm.
311.25 Total investment in farm.
311.26 Application of average value and in vestment limits.
311.27 Limit on account of insured loan.
311.28 Action required requiring total in
vestment in farm gerater than $12,000 if county average value ex ceeds $12,000.
311.29 Farm situated in more than one county.

sions, in accordance with the BankheadJones Farm Tenant Act, as amended.
Direct or insured farm ownership loans will not be made in any county, parish, or locality until such determinations have been made for the county, parish, or locality see 311.30.
Secs. 3, 44, 60 Stat. 1074, 1069; 7 U. S. O.
1003, 1018

311.22 Average value. The aver age value for a county, parish, or local ity means the average value, as deter mined by the Secretary of Agriculture for the purposes of title I of the Bankhead-Jones Farm Tenant Act, as amended, of efficient family-type farmmanagement units situated in the county, parish, or locality.

311.21 General. The Secretary of Agriculture has determined average values and investment limits for most of the counties and parishes in the United States, its territories and posses
Agriculture Department
pa&e
See also Farmers Home Adminis tration; Production and Mar keting Administration.

Alien Property, Office of Notices;
Vesting orders, etc.:
Credit Suisse 2 documents
Exploration Boden - Unter suchung undVerwertungsgesell-Schaft m. b. h______
Glandorf, Meta, et al_______
Riechelmann, Dr. Ludwig, et al
Yokohama Specie Bank, Ltd_

Sec. 3, 60 Stat. 1074; 7 U. S. C. 1003

Army Department
311.23 Investment limit. The in vestment limit for a county, parish, or locality is the amount to which the total investment of a farm ownership appli cant in a farm is limited, unless a greater total investment is authorized as provided in 311.28. The total in vestment of a farm ownership applicant in a farm will be computed in accord ance with 311.25.

See Engineers Corps.
Alaska; heading in connection with proposed withdrawal of public lands in vicinity of Gulkana see Interior Depart ment .

Sec. 44, 60 Stat. 1069; 7 U. S. C. 1018

311.24 Fair and reasonable value of farm. The fair and reasonable value of a farm B determined by the County Committee in accordance with 321.41
to 321.44 of this chapter and is the amount certified by the Committee on Form FHA-491, County Committee Cer tification, or on Form FHA-499, Re certification by County Committee to be the fair and reasonable value of the farm, based upon its normal earning capacity, after contemplated improve ments are made.
Sec. 2, 60 Stat. 1074; 7 U. S. C. 1002

A u t h o r i t y : 311.21 t o 311.29 issued u n

der sec. 41, 60 Stat. 1066; 7 U. S. C. 1015.
Statutory provisions interpreted or applied are cited to text in parentheses.
D e r i v a t i o n : 311.21 to 311.29 contained in FHA Instruction 401.2.

CONTENTS

311.25 Total investment in farm.
The computation of the total invest ment of a Farm Ownership applicant in a farm depends upon the type of Farm Ownership financial assistance for which application is made. In computing total investment, the cost of property insur ance or the initial mortgage insurance charge is not included.
Continued on p, 3401

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Civil Aeronautics Administra tion Rules and regulations:
Flight radio operator certifi cates; content and scope of written and practical exami nations required____________
Rotorcraft airworthiness; serv ice life of auxiliary rotor as semblies and nain rotor____

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Civil Aeronautics Board See also Civil Aeronautics Admin istration.
Rules and regulations:
Scheduled air carrier rules, mechanical interruptions____

Commerce Department See Civil Aeronautics Administra tion; National Production Au thority.
Delegation of authority to Direc tor of regional offices and man agers of district offices of Commerce Department to ad minister NPA Order M-4 see National Production Authority,
Defense Department See Engineers Corps.
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