; or (iii) a veteran (as defined in section 101(2) of title 38, United States Code). (4) Annual reports to Congress Within 1 year after the date of the enactment of this subsection, and annually thereafter, the Secretary shall prepare, make public, and submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a written report on the activities carried out under this subsection in the year covered by the report. (5) Limitations on authorization of appropriations To carry out this subsection, there is authorized to be appropriated to the Secretary $60,000,000 for each of fiscal years 2025 through 2029. . (c) Annual report on operations and outcomes under the relending program to resolve ownership and succession on farmland Section 310I(g) of such Act, as so redesignated by subsection (b) of this section, is amended by striking Not later than 1 year after the date of enactment of this section, the Secretary shall and inserting The Secretary shall annually . 5109. Prompt approval of loans and loan guarantees Section 333A of the of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1983a ) is amended— (1) in subsection (g)— (A) by striking paragraph (1) and inserting the following: (1) Real estate and operating guaranteed loans (A) In general The Secretary shall provide to lenders a short, simplified application form for real estate and operating guaranteed loans under this title, for loans of not more than $1,000,000. (B) Notice Within 5 business days after receipt of an application to guarantee a farm ownership or operating loan that meets the requirements under subparagraph (A) originated by a USDA preferred lender, the Secretary shall notify the lender as to whether the application is approved or disapproved. (C) Maximum guarantee The percentage of the principal amount of a loan which may be guaranteed pursuant to this paragraph shall not exceed— (i) 90 percent, in the case of a loan not exceeding $125,000