Section 761.201 - Purpose(a) This subpart addresses: (1) The allocation of funds for direct and guaranteed FO, CL, and OL loans;(2) The establishment of socially disadvantaged target participation rates; and(3) The reservation of loan funds for beginning farmers.(b) The Agency does not allocate EM loan funds to State Offices but makes funds available following a designated or declared disaster. EM loan funds are available on a first-come first-served basis.(c) State funding information is available for review in any State Office. 72 FR 63285 , Nov. 8, 2007, as amended at 75 FR 54013 , Sept. 3, 2010