legislation: 93-s-3431

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
93-s-3431 93 s 3431 Young Farmers Investment Act Agriculture and Food 1974-05-02 1974-05-02 Referred to Senate Committee on Agriculture and Forestry. Senate Sen. Clark, Dick [D-IA] IA D C000448 3 Young Farmers Investment Act - Provides that direct loans may be made for acquiring and improving owner-operated farms without regard to monetary limitations but not in excess of the present market values of the farms as certified by the appropriate county committees. States that the loan shall bear interest at a rate not in excess of 6 percent per annum. Stipulates that an amount equal to not less than 50 percent of the loan may be amortized over a period of forty years. Provides that the balance of any such loan shall become due and payable at the end of such period or extension thereof approved by the Secretary if the farm is then owned and operated by an eligible borrower or at such earlier date as the farm, or any interest therein, is transferred without the consent or approval of the Secretary to an eligible person. 2025-09-03T12:52:55Z  

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