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VOLUME 18

1934
V TEO

NUMBER 103

Washington, Thursday, M ay 28, 1953

ducing agricultural commodities for sale and for home use which have a gross an Chapter lili Farmers Home Adminis nual, value of not less than the equivalent of a gross annual value of $400 in 1944, tration, Department of Agriculture as determined by the loan approval Subchapter A Farm Housing Loans officer.
FHA In s tru c tio n 401.11
c In order to qualify for a Farm Housing loan, the applicant must be able Part 301B asic R egulations to demonstrate th at his income from the MISCELLANEOUS AMENDMENTS
farm and other sources will be sufficient In order to consolidate certain Farm to meet reasonable farm operating ex Housing regulations, to provide for the penses, normal capital replacements, and discontinuance of all section 504 grant usual family living expenses; payments assistance and initial section 503 and 504 required on any existing loans; and pay loan assistance, and to permit the mak ments required on the proposed Farm ing of loans under certain conditions Housing loan. , d Farm Housing funds will not be for financing portable-type buildings, amendments áre made as set forth used to pay any real estate lien, open account, or other debt th at exists at the below.
L The title to Subchapter A, Chapter time the loan is closed except that the HI, Title 6, Code of Federal Regulations, Administrator may, in his discretion, .waive the restriction against payment of is revised to read as set forth above.
debts for material and labor incurred 2. Subpart B, Part 301, Title 6, Code prior to the.date the loan or grant is of Federal Regulations, is revoked.
closed, provided:
N ote : A d escription of th e type of a ssist 1 The applicant is unable to pay ance available u n d e r section 502 o f th e H ous such debts from his own resources or ing Act of 1940, form erly c o n ta in ed in other credit sources.
Subpart B, is consolidated w ith S u b p a rt A.
2 Failure to pay such debts with 3. Subpart A, Part 301, Title 6, Code of Farm Housing funds will either impair Federal Regulations 14 F. R. 6544, 15 the applicants financial position to the F. R. 8148,9101, 16 F. R. 2821, 9295,10305, extent th at his continued ownership of 17 F. R. 2383>, is revised to read as the farm would be jeopardized, or cause follows:
physical hardship to the occupant of the dwelling to be constructed, improved, SUBPART A---- GENERAL
Sec.
altered, or repaired or replaced, to .the 301.1 General.
extent th at his living conditions would 301.2 Term s of lo a n s .
not be decent, safe, and sanitary.
301.3 Loan purposes.
3 The materials purchased or con Authority : 301.1 to 301.3 issued u n d e r struction work done conforms to the de sec. 510 g , 63 S ta t. 438; 42 U. S. C. 1480 g .- velopment plan approved by the Farmers Statutory provisions in te rp re te d or applied Home Administration.
are cited to te x t in paren th eses.
4 In the case of an initial loan, the 301.1 General. a Sections 301.1 debts for material and labor were in through 301.3 outline the general condi curred after the date the loan was tions, terms and loan purposes of loans approved.
5 In the case of a subsequent loan, authorized in section 502 of the Housing Act of 1949, as amended. Until other the debts for material and labor were wise directed, no further initial loans will incurred after the date the initial loan be made under sections 503, 504 a, or was closed.
504 b, and no grants will be made under e A first mortgage is not required for section 504 a of the act.
a Farm Housing loan. Such a loan may b The word farm as used in this be made on the security of a mortgage subchapter means a parcel or parcels of land operated as a single unit which is on the farm subject to existing liens, if now in agricultural production and cus any: Provided, T hat when the value, Continued on p. 3057
tomarily produces or is capable of pro
TITLE 6 AGRICULTURAL CREDIT

CONTENTS
Agriculture Department
See also Animal Industry Bureau;
Commodity Credit-Corporation;
Farmers Home Administration;
Production and Marketing Ad ministration.
Notices:
Montana and South Dakota;
disaster areas having need for agricultural credit_________

Page
3073

Animal Industry Bureau
Proposed rule making:
Anti-hog-cholera serum and hog-cholera virus handling;
approval of budget and fixing of rate of assessment for cal endar year 1953________ ___ 3069
Army Department
See also Engineers Corps.
Rules and regulations:
National Guard Regulations;
warrant officers__ _________

3065

Civil Aeronautics AdministraJon
Rules-and regulations:
Alteratiqns; designation of:
Civil airways_____________
Control areas and zones, and reporting points________

3061
3061

Commerce Department
See Civil Aeronautics Administra-, tion; International Trade ffice.
Commodity Credit Corporation
Rules and regulations:
Corn reseal loan program, 1952crop___ _______1__________

3058

Defense Department
See Army Department.
Defense Mobilization Office
Notices:
Withdrawal of request to par ticipate in plan and regula tions of Ordnance Corps gov erning Integration Committee on M34 Modification Kit__i_ 3077
Economic Stabilization Agency
See Rent Stabilization Office.
Engineers Corps
Rules and regulations:
Public use of certain reservoir areas; houseboats_________
3067
3055