diff --git a/refpolicy/Makefile b/refpolicy/Makefile
index 8468f4888..67687322b 100644
--- a/refpolicy/Makefile
+++ b/refpolicy/Makefile
@@ -337,23 +337,25 @@ enableaudit: policy.conf
 #
 # Construct file_contexts
 #
-$(FC): $(M4SUPPORT) tmp/generated_definitions.conf $(ALL_FC_FILES) $(FCSORT) $(POLVER)
+$(FC): $(M4SUPPORT) tmp/generated_definitions.conf $(ALL_FC_FILES) $(FCSORT)
 ifeq ($(ALL_FC_FILES),)
 	$(error No enabled modules! $(notdir $(MOD_CONF)) may need to be generated by using "make conf")
 endif
+	@echo "Creating file_contexts."
 	@test -d tmp || mkdir -p tmp
 	$(QUIET) m4 $(M4PARAM) $(M4SUPPORT) tmp/generated_definitions.conf $(ALL_FC_FILES) > tmp/$@.tmp
 	$(QUIET) grep -e HOME -e ROLE tmp/$@.tmp > $(HOMEDIR_TEMPLATE)
 	$(QUIET) sed -i -e /HOME/d -e /ROLE/d tmp/$@.tmp
 	$(QUIET) $(FCSORT) tmp/$@.tmp $@
-	@echo "Validating file_contexts."
-	$(SETFILES) -q -c $(POLVER) $(FC)
 
 ########################################
 #
 # Install file_contexts
 #
-$(FCPATH): $(FC) $(USERPATH)/system.users
+$(FCPATH): $(FC) $(LOADPATH) $(USERPATH)/system.users
+	@echo "Validating file_contexts."
+	$(SETFILES) -q -c $(LOADPATH) $(FC)
+	@echo "Installing file_contexts."
 	@mkdir -p $(CONTEXTPATH)/files
 	$(QUIET) install -m 644 $(FC) $(FCPATH)
 	$(QUIET) install -m 644 $(HOMEDIR_TEMPLATE) $(HOMEDIRPATH)