An Act to amend the Bankhead-Jones Farm Tenant Act so as to provide a more effective distribution of mortgage loans insured under title I, to give holders of such mortgage loans preference in the refinancing of loans on a noninsured basis, to adjust the loan limitations governing title II loans so as to provide more effective assistance to production and subsistence loan borrowers, and for other purposes
PL 82-123 (S.684), enacted 08/23/1951

65 STAT. 
PUBLIC LAW 123—AUG. 23, 1951 
197 
pay to purchase required clothing and equipment shall be required 
to turn in to the Academy all clothing and equipment of a distinc-
tively military nature to the extent required to discharge such indebt-
edness; and, if the value of such clothing and equipment so turned 
in does not cover the indebtedness incurred, then such indebtedness 
shall be canceled." 
Approved August 22, 1951. 
Public Law 123 
CHAPTER 344 
AN ACT 
To amend the Bankhead-Jones Farm Tenant Act so as to provide a more effec-
tive distribution of mortgage loans insured under title I, to give holders of 
such mortgage loans preference in the refinancing of loans on a noninsured 
basis, to adjust the loan limitations governing title II loans so as to provide 
more effective assistance to production and subsistence loan borrowers, and 
for other purposes. 
August 23, 1951 
[S. 684] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That the following 
sections of the Bankhead-Jones Farm Tenant Act, as amended (60 
Stat. 1062), are hereby amended as follows: 
Amend section 4 by striking out the words "and insuring mortgages" 
and "insure mortgages or" where they occur in said section and amend 
the last sentence of section 12 (b) to read as follows: 
"With respect to any fiscal year, one-quarter of the amount avail-
able for insurance, commitments and acceptance of mortgages 
under this title shall be distributed among the several States and 
Territories on the basis of bona fide applications and the avail-
ability of farms with respect to which loans may be insured and 
the balance shall be distributed on the basis provided in section 4, 
and preferences shall be given to mortgages executed by veterans 
qualified under section 1." 
SEC. 2. Amend section 21 to read: 
"SEC. 21. (a) The Secretary may make loans to farmers and stock-
men who are citizens of the United States for the purchase of live-
stock, seed, feed, fertilizer, farm equipment, supplies, and other farm 
needs, the cost of reorganizing the farming enterprise or changing 
farming practices to accomplish more diversified or more profitable 
farming operations, the refinancing of existing indebtedness, and for 
family subsistence. 
"(b) No loan shall be made under this section for the purchase or 
leasing of land or for the carrying on of any land-purchase or land-
leasing program. 
No initial loan to any one borrower under this 
section shall exceed $7,000 and no further loan may be made under 
this section to a borrower so long as the total amount outstanding, 
including accrued interest, taxes, and other obligations properly 
chargeable to the account of the borrower, exceeds $10,000. 
"(c) The terms of loans under this section, including any renewal 
or extension of any such loan, shall not exceed seven years from the 
date the^riginal loan was made. 
"(d) No person who has failed to liquidate his indebtedness under 
this section for seven consecutive years shall be eligible for loans 
hereunder until he has paid such indebtedness in full, except that the 
indebtedness on loans made prior to November 1, 1946, which are 
being serviced and collected by the Farmers Home Administration, 
shall not be subject to the limitations of this section until Novem-
ber 1, 1953." 
Bankhead-Jones 
Farm Tenant Act, 
amendment. 
50 Stat. 522. 
7 U. S. C. § 1000. 
7 U. S. C. § 1004. 
7 U. S. C; § 1005b. 
D i s t r i b u t i o n of 
mortgage insurance. 
7 U. S. C. § 1007. 
Eligible borrowers. 
Restrictions. 
Terms of loans. 
198 
PUBLIC LAW 124—AUG. 24, 1951 
[65 STAT. 
7 U. S. C. § 1018. 
Refinancing on un-
insured basis. 
7 U. S. C. § 1022. 
Initial annual pay-
ment. 
SEC. 3. Amend section 44 (c) by changing the period at the end 
of said section to a colon and adding the following proviso: ''''Pro-
vided^ however^ That in the case of mortgage loans heretofore or 
hereafter insured under this title, the Secretary may at his discretion 
delaj^ his request for refinancing until the borrower has acquired a 
sufficient equity in the farm to enable the holder of the insured mort-
gage to refinance the loan on an uninsured basis under laws or regu-
lations to which he may be subject." 
SEC. 4. Amend section 48 by adding at the end of said section the 
following sentence: "The foregoing requirements shall not preclude 
establishing the initial annual payment at a date not exceeding two 
full crop years from the date of the loan where the Secretary deter-
mines that farm income sufficient to make the initial payment cannot 
be readily anticipated at an earlier date, but this provision shall not 
have the effect of extending the maximum term of any loan." 
Approved August 23, 1951. 
August 24, 1951 
[H. R. 4601] 
Public Law 124 
CHAPTER 345 
AN ACT 
To provide that the admissions tax shall not apply in respect of admissions free 
of charge of uniformed members of the Armed Forces of the United States. 
Armed Forces, ad-
missions tax. 
53 Stat. 189. 
20 U. S. C. § 1700. 
Be it enacted hy the Senate aryd House of Representatives 
of the 
United States of America in Congress assenfihled^ That section 1700 
(a) (1) of the Internal Revenue Code is hereby amended by adding 
at the end thereof the following new sentence: "No tax shall be im-
posed in the case of admission free of charge of a member of the 
Armed Forces of the United States when in uniform." 
SEC. 2. The amendment made by this Act shall be applicable to 
admissions on and after the first day of the first month which begins 
more than ten days after the date oi the enactment of this Act. 
Approved August 24, 1951. 
August 27, 1951 
[S. 353] 
Public Law 125 
CHAPTER 346 
AN ACT 
Relating to the time for publication of the Official Register of the United States. 
Be it enxicted hy the Senate and House of Representatives- of the 
United States of America in Congress assenibled^ That section 2 of 
the Act entitled "An Act to provide for the compiling and publishing 
of the Official Register of the United States", approved August 28, 
1935 (49 Stat. 957; 5 U. S. C. 654), is amended by striking out "as 
early as practicable after the first of June", and inserting in lieu 
thereof "on or before December 31". 
Approved August 27, 1951. 
August 28, 1951 
[S.248] 
Audubon Centennial 
Year. 
Public Law 126 
CHAPTER 
348 
AN ACT 
Authorizing the President of the United States to issue a proclamation 
designating 1951 as Audubon Centennial Year. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assemhled, That the President 
of the United States is hereby authorized to issue a proclamation