§773.7. Loan uses.

7 C.F.R. § 773.7

Loan funds may be used for any of the following purposes related to the production or marketing of apples:

(a)

Payment of costs associated with reorganizing a farm to improve its profitability;

(b)

Payment of annual farm operating expenses;

(c)

Purchase of farm equipment or fixtures;

(d)

Acquiring, enlarging, or leasing a farm;

(e)

Making capital improvements to a farm;

(f)

Refinancing indebtedness;

(g)

Purchase of cooperative stock for credit, production, processing or marketing purposes; or

(h)

Payment of loan closing costs.

Notes, amendments, and revision history

Authority: Pub. L. 106-224.

Source: 65 FR 76117, Dec. 6, 2000, unless otherwise noted.