General prohibition; exception
1
“Agricultural enterprises” defined
As used in this chapter, the term “agricultural enterprises” means those small business concerns engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural-related industries.
Pub. L. 85–536, § 2[18]72 Stat. 396Pub. L. 93–386, § 588 Stat. 746Pub. L. 94–305, title I, § 112(e)90 Stat. 667Pub. L. 96–38, title I, § 101(c)93 Stat. 119Pub. L. 96–302, title I, § 119(c)94 Stat. 841Pub. L. 98–270, title III, § 30398 Stat. 160Pub. L. 98–369, div. B, title IV, § 240198 Stat. 1116Pub. L. 99–272, title XVIII, § 18006(a)(3)100 Stat. 366Pub. L. 114–328, div. A, title XVIII, § 1831(a)130 Stat. 2657Pub. L. 115–189, § 4(b)132 Stat. 1497(, , ; , , ; , , ; , , ; , , ; , , ; , , ; , , ; , , ; , , .)
Editorial Notes
Prior Provisions
act July 30, 1953, ch. 282act Aug. 9, 1955, ch. 628, § 1469 Stat. 551section 651 of this titlePub. L. 85–536section 641 of this titlesection 631 of this titlePrior similar provisions were contained in section 225, of , as added by , , which was previously classified to . The provisions of section 218 of act , formerly classified to this section, were transferred to section 2[12] of , and are classified to . See Codification note set out under .
Amendments
Pub. L. 115–1892018—Subsec. (b). amended subsec. (b) generally. Prior to amendment, text read as follows: “As used in this chapter—
“(1) ‘agricultural enterprises’ means those small business concerns engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries; and
“(2) ‘credit elsewhere’ means the availability of sufficient credit from non-Federal sources at reasonable rates and terms, taking into consideration prevailing private rates and terms in the community in or near where the concern transacts business for similar purposes and periods of time.”
Pub. L. 114–3282016—Subsec. (b)(1). substituted “small business concerns” for “businesses”.
Pub. L. 99–272section 636(b)(1) of this title1986—Subsec. (a). struck out agricultural enterprises exception and proviso that, prior to , an agricultural enterprise not be eligible for loan assistance under to repair or replace property other than residences and/or personal property unless it is declined for, or would be declined for, emergency loan assistance at substantially similar interest rates from the Farmers Home Administration under subchapter III of the Consolidated Farm and Rural Development Act.
Pub. L. 98–3691984—Subsec. (a). substituted “” for “”.
Pub. L. 98–270 substituted “” for “”.
Pub. L. 96–302, § 119(c)(1)1980—Subsec. (a). , inserted proviso relating to eligibility for loan assistance prior to .
Pub. L. 96–302, § 119(c)(2)Subsec. (b). , added par. (1) and designated as par. (2) existing definition of “credit elsewhere”.
Pub. L. 96–381979— designated existing provisions as subsec. (a) and added subsec. (b).
Pub. L. 94–3051976— inserted reference to those enterprises engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries.
Pub. L. 93–3861974— inserted provision authorizing the refusal of loan applications and the denial of loans, for purposes of this section, to be deemed nonduplication of activities.
Statutory Notes and Related Subsidiaries
Effective Date of 1984 Amendment
Pub. L. 98–270section 313 of Pub. L. 98–270section 632 of this titleAmendment by effective , see , set out as a note under .
Effective Date of 1980 Amendment
Pub. L. 96–302section 119(d) of Pub. L. 96–302section 636 of this titleAmendment by inapplicable to disasters commencing on or before , see , set out as a note under .
Programs Administered by the Department of Commerce
Pub. L. 95–507, § 20792 Stat. 1767