Executive Order 7554—Amendment of Section 1 of Executive Order No. 7180 of September 6, 1935, Prescribing Rules and Regulations Governing the Making of Loans by the Puerto Rico Reconstruction Administration Under the Emergency Relief Appropriation Act of 1935

By virtue of and pursuant to the authority vested in me by the Emergency Relief Appropriation Act of 1935, approved April 8, 1935 (49 Stat. 115), I hereby amend section 1 of Executive Order No. 7180 of September 6, 1935, prescribing rules and regulations governing the making of loans by the Puerto Rico Reconstruction Administration under the Emergency Relief Appropriation Act of 1935 (Regulation No. 8), to read as follows:

"Section 1. Loans may be made by the Puerto Rico Reconstruction Administration (a) for the purpose of financing, in whole or in part, the purchase of farm lands and necessary equipment by farmers, farm tenants, croppers, farm laborers, or stockmen, and (b) for such other purposes as may be necessary for rural rehabilitation or relief in stricken agricultural areas."

FRANKLIN D ROOSEVELT

The White House,
February 17, 1937.