(EXTRACT FROM) Public Law 87-703 87th Congress, H. R. 12391 An Act To improve and protect farm income, to reduce costs of farm programs to the Federal Government, to reduce the Federal Government's excessive stocks of agricultural commodities, to maintain reasonable and stable prices of agricultural commodities and products to consumers, to provide adequate supplies of agricultural commodities for domestic and foreign needs, to conserve natural resources, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may Food and Agricu be cited as the "Food and Agriculture Act of 1962". TITLE IV-GENERAL PROVISIONS SEC. 401. The Consolidated Farmers Home Administration Act of 1961 (75 Stat. 307) is amended as follows: (1) By inserting in section 303 after "use and conservation" a comma and the following "including recreational uses and facilities"; ture Act of 1962 7 USC 1921 7 USC 1923. (2) By inserting in section 306 (a) after "soil conservation 7 USC 1926. practices," the following: "shifts in land use including the devel opment of recreational facilities,"; (3) By striking out in section 309 (f) (1) the figure "$10,000,000" 7 USC 1929. and inserting in lieu thereof the figure "$25,000,000"; (4) By inserting in section 312 after the words "and conserva- 7 USC 1942. tion" the words "including recreational uses and facilities”; and (5) By adding at the end thereof a new section as follows: "SEC. 343. As used in this title (1) the term 'farmers' shall be "Farmers." deemed to include persons who are engaged in, or who, with assistance afforded under this title, intend to engage in, fish farming, and (2) the term 'farming' shall be deemed to include fish farming." Approved September 27, 1962, 1:00 p.m. (346) "Farming." 87th Congress, H. R. 12653 An Act 76 STAT. 908. To amend the Consolidated Farmers Home Administration Act of 1981 in order to increase the limitation on the amount of loans which may be insured under subtitle A of such Act. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 308 of Real estate the Consolidated Farmers Home Administration Act of 1961 is loans. amended by striking out the figure "$150,000,000" and inserting in 75 Stat. 308. lieu thereof the figure "$200,000,000". Approved October 11, 1962. (347) 7 USC 1928. Public Law 87-832 87th Congress, H. R. 946 October 15, 1962 An Act 76 STAT. 958. To extend to oyster planters the benefits of the provisions of the present law which provide for production disaster loans for farmers and stockmen. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That subsection (b) Oyster planters. of section 321 of the Consolidated Farmers Home Administration Act Disaster loans. of 1961 is amended by striking out "farmers or ranchers" and inserting 75 Stat. 311. "farmers, ranchers, or oyster planters" and by striking out "farming 7 USC 1961. or ranching" and inserting "farming, ranching, or oyster planting". Approved October 15, 1962. (348) 88th Congress, H. R. 10419 An Act 78 STAT. 736. To amend further the Farm Credit Act of 1933, as amended, to provide that part of the patronage refunds paid by a bank for cooperatives shall be in money instead of class C stock after the bank becomes subject to Federal income tax, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. That section 36(b) Agriculture. of the Farm Credit Act of 1933, as amended (12 U.S.C. 11341 (b)), is Banks for coopamended by adding the following sentence at the end thereof: "For eratives, refunds any fiscal year that a bank for cooperatives is subject to Federal income 69 Stat. 659. tax under chapter 1 of the Internal Revenue Code of 1954, it shall pay 68A Stat. 3; in money instead of class C stock such portion of its patronage refunds Ante, p. 19. as will permit its taxable income under said chapter 1 to be determined 26 USC 1-1388. without taking into account savings applied as provided in (2), (4), and (6) of subsection (a) of this section.". Approved August 31, 1964. LEGISLATIVE HISTORY & HOUSE REPORT No. 1368 (Comm. on Agriculture). SENATE REPORT No. 1453 (Comm. on Agriculture & Forestry). May 18: Passed House. Aug. 18: Considered and passed Senate. (349) To provide for enforcement of rules and regulations for the protection, development, and administration of the national forests and national grasslands, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Act of Forest and June 4, 1897, as amended (30 Stat. 11, 35; 16 U.S.C. 551), second full grasslands. paragraph, page 35, and section 32(f), title III, of the Bankhead- Protection. Jones Farm Tenant Act, as amended (50 Stat. 526; 7 U.S.C. 1011(f)), are further amended by addition of the following sentence in each case: "Any person charged with the violation of such rules and regulations may be tried and sentenced by any United States commissioner specially designated for that purpose by the court by which he was appointed, in the same manner and subject to the same conditions as provided for in title 18, United States Code, section 3401, subsections (b), (c), (d), and (e), as amended." Approved August 31, 1964. 62 Stat. 830. LEGISLATIVE HISTORY: HOUSE REPORT No. 1378 (Comm. on Agriculture). SENATE REPORT No. 1447 (Comm. on Agriculture & Forestry). June 15: Passed House. Aug. 18: Considered and passed Senate. (350) |