7 U.S.C. § 2008b — Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers

In the case of a loan guaranteed by the Secretary under subchapter I or II to a socially disadvantaged farmer or rancher (as defined in section 2003(e) of this title ) or a qualified beginning farmer or rancher, the Secretary may provide for a standard guarantee plan, which shall cover an amount equal to 95 percent of the outstanding principal of the loan. ( Pub. L. 87–128, title III, § 367 , as added Pub. L. 115–334, title V, § 5306 , Dec. 20, 2018 , 132 Stat. 4673 .) Editorial Notes Prior Provisions A prior section 2008b, Pub. L. 87–128, title III, § 367 , as added Pub. L. 101–624, title XXIII, § 2317 , Nov. 28, 1990 , 104 Stat. 4008 ; amended Pub. L. 102–237, title VII, § 701(g) , Dec. 13, 1991 , 105 Stat. 1879 , related to limited transfer authority of loan amounts, prior to repeal by Pub. L. 104–127, title VII, § 755 , Apr. 4, 1996 , 110 Stat. 1131 .

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