7 USC 2008l: Eligibility of employees of State, county, or area committee for loans and loan guarantees
Result 1 of 1
   
 
7 USC 2008l: Eligibility of employees of State, county, or area committee for loans and loan guarantees Text contains those laws in effect on November 22, 2024
From Title 7-AGRICULTURECHAPTER 50-AGRICULTURAL CREDITSUBCHAPTER IV-ADMINISTRATIVE PROVISIONS
Jump To: Source Credit

§2008l. Eligibility of employees of State, county, or area committee for loans and loan guarantees

(a) In general

The Secretary shall not prohibit an employee of a State, county or area committee established under section 590h(b)(5) of title 16 or an employee of the Department of Agriculture from obtaining a loan or loan guarantee under subchapter I, II or III of this chapter.

(b) Approvals

(1) County or area office

In the case of a loan application from an employee in a county or area office, the Farm Service Agency State office shall be responsible for reviewing and approving the application.

(2) State office

In the case of a loan application from an employee of a State office, the Farm Service Agency national office shall be responsible for reviewing and approving the application.

(Pub. L. 87–128, title III, §377, as added Pub. L. 107–171, title V, §5321, May 13, 2002, 116 Stat. 349 .)