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USDA/FSA | RIN: 0560-AH60 | Publication ID: Spring 2009 |
Title: Farm Storage Facility Loan (FSFL) and Sugar Storage Facility Loan (SSFL) Programs | |
Abstract: We are amending the regulations to implement provisions of the 2008 Farm Bill concerning storage facility loans. The Commodity Credit Corporation (CCC) Charter Act authorizes CCC to provide financing for producers to build or upgrade farm storage and handling facilities. The 2008 Farm Bill requires changes to the storage facility loan program, including increasing the loan limit, increasing the term limit, and adding hay and renewable biomass as eligible stored commodities. The 2008 Farm Bill changes have been added into this rule, which will amend the regulations to clarify procedures for the storage of ineligible commodities in financed structures. The FSFL maximum principal amount will increase to $500,000 from the current limit of $100,000 per eligible borrower signing the note and security agreement. | |
Agency: Department of Agriculture(USDA) | Priority: Economically Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Yes | Unfunded Mandates: No |
CFR Citation: 7 CFR 1436 | |
Legal Authority: 15 USC 714 PL 110-246 |
Legal Deadline:
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Deirdre Holder Branch Chief, Regulatory Analysis and PRA Requirements Branch Department of Agriculture Farm Production and Conservation Business Center, 1400 Independence Avenue SW, Washington, DC 20250-0572 Phone:202 205-5851 Email: deirdre.holder@usda.gov |