Agriculture Refinance Act

Summary

Agriculture Refinance Act - Amends the Consolidated Farm and Rural Development Act to permit insured loans of up to $1,000,000 to farm owners and operators for refinancing existing indebtedness incurred between January 1, 1973, and December 31, 1977. Allows a repayment period for refinancing loans of 40 years for real estate loans, 12 years for equipment loans, and five years for operating loans. Defers the first payment for the interest and principal of such loans for five years for real estate loans, and for two years for equipment and operating loans.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 25 January 1978

   Introduced

   Referred to House Committee on Agriculture.

   Source: IntroReferral

2. 25 January 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 January 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 25 January 1978

  Open at official source

Sponsors

• Rep. English, Glenn [D-OK-6] · D · Sponsor
• · hsag00 · Standing

Related records

• related to ← Agriculture Refinance Act