7 CFR 761.203
§ 761.203 National reserves for Farm Ownership and Operating loans.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 761.203, § 761.203 National reserves for Farm Ownership and Operating loans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19741
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Full text
(a) Reservation of funds. At the start of each fiscal year, the National Office reserves a portion of the funds available for each direct and guaranteed loan program. These reserves enable the Agency to meet unexpected or justifiable program needs during the fiscal year.
(b) Allocation of reserved funds. The National Office distributes funds from the reserve to one or more State Offices to meet a program need or Agency objective.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.