S.Amdt. 1124
What it does: Rewrites page 433, line 23 through page 434, line 5
Sen. Tom Harkin (D-IA)What it changes
1 change to S. 954
Rewrites page 433, line 23 through page 434, line 5
ReplacesPrinted pageRemoves page 433, line 23 through page 434, line 5 of the printed bill. See that page
Inserted: (3) Joint financing arrangement.--If a direct farm ownership loan is made under this chapter as part of a joint financing arrangement and the amount of the direct farm ownership loan does not exceed 50 percent of the total principal amount financed under the arrangement, the interest rate on the direct farm ownership loan shall be a rate equal to the greater of--
Inserted: (A) the difference between--
Inserted: (i) 2 percent; and
Inserted: (ii) the interest rate for farm ownership loans under this chapter; or
Inserted: (B) 2.5 percent.
Original wording
Beginning on page 433, strike line 23 and all that follows through page 434, line 5, and insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1124. Mr. HARKIN submitted an amendment intended to be proposed by him to the bill S. 954, to reauthorize agricultural programs through 2018; which was ordered to lie on the table; as follows:
Beginning on page 433, strike line 23 and all that follows through page 434, line 5, and insert the following:
“(3) Joint financing arrangement.--If a direct farm ownership loan is made under this chapter as part of a joint financing arrangement and the amount of the direct farm ownership loan does not exceed 50 percent of the total principal amount financed under the arrangement, the interest rate on the direct farm ownership loan shall be a rate equal to the greater of--
“(A) the difference between--
“(i) 2 percent; and
“(ii) the interest rate for farm ownership loans under this chapter; or
“(B) 2.5 percent.
Legislative Activity
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Senate amendment submitted
May 23, 2013