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United States · Bill · HR

H.R. 2469 (101st)

To limit a previous owner's right of first refusal in the case of fraud or resale for sales of farm property by the Farmers Home Administration and the Farm Credit System.

passedUnited States· United States Congress· EN

Introduced

24 May 1989

Last action

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Status

Passed Senate with an amendment by Voice Vote.

Sponsors

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Subjects

Discovery layer

Source updated

14 January 2025

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Summary

Amends the Consolidated Farm and Rural Development Act with regard to farmland held by the Farmers Home Administration to: (1) prohibit giving preference to a purchaser who has been convicted of defrauding the Government; and (2) prohibit, except in certain circumstances, the resale of land by a preference-purchaser within two years after purchase. Amends the Farm Credit Act of 1971 with regard to farmland held by the Farm Credit System to: (1) provide for the forfeiture of the right of first refusal by a previous owner who has been convicted of defrauding the Government or the Farm Credit System; and (2) prohibit, except in certain circumstances, the resale of land by a preference-purchaser within two years after purchase.

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Documents

10 official files

Reported in House (text)

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