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Code of Federal Regulations Title 7. Agriculture § 7.761.203 National reserves for Farm Ownership and Operating loans

Current as of January 02, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.761.203 National reserves for Farm Ownership and Operating loans - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-761-203/

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