veloping and submitting loan dockets. Watershed loans will be serviced in accordance with regulations contained in Parts 361 and 362 of this chapter applicable to Soil and Water Conservation loans to associations. State Directors will utilize the authorities contained in subparagraphs (3), (6), (7), (8), (11), (12), and (14) of § 361.43 (a) of this chapter only with the prior approval of the National Office on an individual case basis. The Administrator may prescribe such special instructions on a case basis which he deems necessary for making and servicing of Watershed loans. § 391.22 Application for loan.

Loan applications will be processed in accordance with the provisions of § 391.2. § 391.23 County Committee recommendations.

County Committee recommendations will be obtained on each application in accordance with the provisions of § 391.4. § 391.24 Preparation, assembly,

submission of loan dockets.

and

(a) The preparation of a loan docket will not be started until the National Office has reviewed the application letter and has issued to the State Director such special instructions as may be needed, as provided in § 391.2.

(b) If the National Office determines that favorable consideration should be given to the application, the County Supervisor will proceed with the as

sembly of the loan docket and will be responsible for its submission to the State Director.

(c) The applicant, with the advice and guidance of Farmers Home Administration personnel will:

(1) Prepare and execute Form FHA28, "Association Proposal and Request for Funds."

(2) Supply or assist in obtaining information that is required by Farmers Home Administration personnel in preparing the narrative report on the application that will become a part of the loan docket.

(3) Prepare all documents that may have been required by the National Office in previous correspondence regarding the particular loan.

(d) The completed docket together with the recommendations of the State Director will be forwarded to the National Office.

§ 391.25 Approval of loans.

The Administrator will authorize the approval of loans and issue any special instructions needed for completing the processing of loans. When the State Director exercises the approval authority delegated to him by the Administrator, he will issue a memorandum of approval to the County Supervisor pursuant to § 391.10. When authorization cannot be given for the approval of a loan, the Administrator will notify the State Director, who in turn will notify the applicant.

Part 503

540 Pilot food stamp program.

503.10 Miscellaneous provisions. 503.11 Where to obtain information. 503.12 Amendments.

AUTHORITY: The provisions of this Part 503 issued under R.S. 161, sec. 416, 63 Stat. 1058, as amended; 5 U.S.C. 22, 7 U.S.C. 1431. Interpret or apply sec. 32, 49 Stat. 774, as amended, secs. 6 and 9, 60 Stat. 231, 233, 76 Stat. 945, sec. 210, 70 Stat. 202, 72 Stat. 164, 287, 1792, 74 Stat. 899, 75 Stat. 411, 7 U.S.C.

612c, 42 U.S.C. 1755, 1758, P.L. 87-823, 7 U.S.O. 1859, 7 U.S.C. 1431, note.

SOURCE: The provisions of this Part 503 appear at 28 F.R. 51, Jan. 3, 1963. § 503.1 General purpose and scope.

(a) Terms and conditions. This part contains the regulations prescribing the terms and conditions under which commodities may be obtained by Federal, State and private agencies for use in the United States in schools operating nonprofit school-lunch programs, in nonprofit summer camps for children, by needy Indians on reservations, in institutions, in State correctional institutions for minors, and in the assistance of other needy persons.

(b) Legislation. The legislation under which commodities are distributed for the stated purposes is as follows:

(1) Section 416 of the Agricultural Act of 1949, as amended (hereinafter referred to as "section 416”), which reads in part as follows:

In order to prevent the waste of commodities whether in private stocks or acquired through price-support operations by the Commodity Credit Corporation before they can be disposed of in normal domestic chan