
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC2207]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
     SUBCHAPTER IV--PROVISIONS APPLICABLE TO TWO OR MORE CLASSES OF 
                       INSTITUTIONS OF THE SYSTEM
 
            Part D--Activities of Institutions of the System
 
Sec. 2207. Young, beginning, and small farmers and ranchers

    (a) Under policies of the district Farm Credit Bank board, each 
Federal land bank association and production credit association shall 
prepare a program for furnishing sound and constructive credit and 
related services to young, beginning, and small farmers and ranchers. 
Such programs shall assure that such credit and services are available 
in coordination with other units of the Farm Credit System serving the 
territory and with other governmental and private sources of credit. 
Each program shall be subject to review and approval by the supervising 
bank.
    (b) The Farm Credit Bank for each district shall annually obtain 
from associations under its supervision reports of activities under 
programs developed pursuant to subsection (a) of this section and 
progress toward program objectives. On the basis of such reports, the 
bank shall provide to the Farm Credit Administration an annual report 
summarizing the operations and achievements in its district under such 
programs.

(Pub. L. 92-181, title IV, Sec. 4.19, as added Pub. L. 96-592, title IV, 
Sec. 403, Dec. 24, 1980, 94 Stat. 3446; amended Pub. L. 100-399, title 
IX, Sec. 901(i), (j), Aug. 17, 1988, 102 Stat. 1007.)


                               Amendments

    1988--Subsec. (a). Pub. L. 100-399, Sec. 901(i), inserted ``Farm 
Credit Bank'' after ``district''.
    Subsec. (b). Pub. L. 100-399, Sec. 901(j)(1), (2), (4), (5), 
substituted ``The Farm Credit Bank for each district'' for ``The Federal 
land bank and the Federal intermediate credit bank for each district'', 
``under its supervision'' for ``under their supervision'', ``the bank 
shall'' for ``the banks shall'', ``an annual report'' for ``a joint 
annual report'', and ``achievements in its district'' for ``achievements 
in their district''.
    Pub. L. 100-399, Sec. 901(j)(3), substituted ``subsection (a)'' for 
``subsection (a) of this section'', which for purposes of codification 
was translated as ``subsection (a) of this section'', requiring no 
change in text.


                    Effective Date of 1988 Amendment

    Amendment by Pub. L. 100-399 effective immediately after amendment 
made by section 401 of Pub. L. 100-233, which was effective 6 months 
after Jan. 6, 1988, see section 1001(b) of Pub. L. 100-399, set out as a 
note under section 2002 of this title.

                  Section Referred to in Other Sections

    This section is referred to in section 2252 of this title.
