To improve a provision relating to loans to purchasers of highly fractionated land.
What it does: Rewrites section 5102
Sen. Daniel K. Akaka (D-HI)What it changes
1 change to S. 3240 · shown in the bill's text
Rewrites section 5102
ReplacesIn S. 3240 · Placed on Calendar Senate
SEC. 5102. LOANS TO PURCHASERS OF HIGHLY FRACTIONATED LAND.
Struck: The first section of Public Law 91-229 (25 U.S.C. 488) is amended in subsection (b)(1) by inserting "or to intermediaries in order to establish revolving loan funds for the purchase of highly fractionated land under that section" before the period at the end.
Inserted: (a) In General.--The first sentence of Public Law 91 229 (25 U.S.C. 488) is amended--
Inserted: (1) in subsection (a), in the first sentence, by striking "loans from" and all that follows through "1929)" and inserting "direct loans in a manner consistent with direct loans pursuant to chapter 4 of subtitle A of the Consolidated Farm and Rural Development Act";
Inserted: (2) in subsection (b)(1)--
Inserted: (A) by striking "pursuant to section 205(c) of the Indian Land Consolidation Act (25 U.S.C. 2204(c))"; and
Inserted: (B) by inserting "or to intermediaries in order to establish revolving loan funds for the purchase of highly fractionated land under that section" before the period at the end; and
Inserted: (3) by adding at the end the following:
Inserted: "(c) Consultation Required.--In determining regulations and procedures to define eligible purchasers of highly fractionated land under this section, the Secretary of Agriculture shall consult with the Secretary of the Interior.".
Inserted: (b) Relationship to Other Amendment.--Section 6002 is amended by striking subsection (bb).
Original wording
Strike section 5102 and insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2440. Mr. AKAKA submitted an amendment intended to be proposed by him to the bill S. 3240, to reauthorize agricultural programs through 2017, and for other purposes; which was ordered to lie on the table; as follows:
Strike section 5102 and insert the following:
SEC. 5102. LOANS TO PURCHASERS OF HIGHLY FRACTIONATED LAND.
(a) In General.--The first sentence of Public Law 91 229 (25 U.S.C. 488) is amended--
(1) in subsection (a), in the first sentence, by striking “loans from” and all that follows through “1929)” and inserting “direct loans in a manner consistent with direct loans pursuant to chapter 4 of subtitle A of the Consolidated Farm and Rural Development Act”;
(2) in subsection (b)(1)--
(A) by striking “pursuant to section 205(c) of the Indian Land Consolidation Act (25 U.S.C. 2204(c))”; and
(B) by inserting “or to intermediaries in order to establish revolving loan funds for the purchase of highly fractionated land under that section” before the period at the end; and
(3) by adding at the end the following:
“(c) Consultation Required.--In determining regulations and procedures to define eligible purchasers of highly fractionated land under this section, the Secretary of Agriculture shall consult with the Secretary of the Interior.”.
(b) Relationship to Other Amendment.--Section 6002 is amended by striking subsection (bb).
Legislative Activity
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Senate amendment proposed (on the floor): Amendment SA 2440 proposed by Senator Akaka.(consideration: CR S4266; text: CR S4266)
June 19, 2012
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Senate amendment proposed (on the floor): Amendment SA 2440 proposed by Senator Akaka.(consideration: CR S4266; text: CR S4266)
June 19, 2012
Senate amendment agreed to: Amendment SA 2440 agreed to in Senate by Voice Vote.
June 19, 2012
Amendment SA 2440 proposed by Senator Akaka. (consideration: CR S4266; text: CR S4266) To improve a provision relating to loans to purchasers of highly fractionated land.
June 19, 2012
Amendment SA 2440 agreed to in Senate by Voice Vote.
June 19, 2012
Senate amendment submitted
June 18, 2012