Water and Waste Facility Loans and Grants

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-CITE-

7 USC Sec. 1926 01/03/2007

-EXPCITE-

TITLE 7 - AGRICULTURE

CHAPTER 50 - AGRICULTURAL CREDIT

SUBCHAPTER I - REAL ESTATE LOANS

-HEAD-

Sec. 1926. Water and waste facility loans and grants

-STATUTE-

(a) In general

(1) The Secretary is also authorized to make or insure loans to

associations, including corporations not operated for profit,

Indian tribes on Federal and State reservations and other federally

recognized Indian tribes, and public and quasi-public agencies to

provide for the application or establishment of soil conservation

practices, shifts in land use, the conservation, development, use,

and control of water, and the installation or improvement of

drainage or waste disposal facilities, recreational developments,

and essential community facilities including necessary related

equipment, all primarily serving farmers, ranchers, farm tenants,

farm laborers, rural businesses, and other rural residents, and to

furnish financial assistance or other aid in planning projects for

such purposes. The Secretary may also make or insure loans to

communities that have been designated as rural empowerment zones or

rural enterprise communities pursuant to part I of subchapter U of

chapter 1 of title 26, or as rural enterprise communities pursuant

to section 766 of the Agriculture, Rural Development, Food and Drug

Administration, and Related Agencies Appropriations Act, 1999

(Public Law 105-277; 112 Stat. 2681, 2681-37), to provide for the

installation or improvement of essential community facilities

including necessary related equipment, and to furnish financial

assistance or other aid in planning projects for such purposes. The

Secretary may also make loans to any borrower to whom a loan has

been made under the Rural Electrification Act of 1936 (7 U.S.C. 901

et seq.), for the conservation, development, use, and control of

water, and the installation of drainage or waste disposal

facilities, primarily serving farmers, ranchers, farm tenants, farm

laborers, rural businesses, and other rural residents. When any

loan made for a purpose specified in this paragraph is sold out of

the Agricultural Credit Insurance Fund as an insured loan, the

interest or other income thereon paid to an insured holder shall be

included in gross income for purposes of chapter 1 of title 26.

With respect to loans of less than $500,000 made or insured under

this paragraph that are evidenced by notes and mortgages, as

distinguished from bond issues, borrowers shall not be required to

appoint bond counsel to review the legal validity of the loan

whenever the Secretary has available legal counsel to perform such

review.

(2) Water, waste disposal, and wastewater facility grants. -

(A) Authority. -

(i) In general. - The Secretary is authorized to make grants

to such associations to finance specific projects for works for

the development, storage, treatment, purification, or

distribution of water or the collection, treatment, or disposal

of waste in rural areas.

(ii) Amount. - The amount of any grant made under the

authority of this subparagraph shall not exceed 75 per centum

of the development cost of the project to serve the area which

the association determines can be feasibly served by the

facility and to adequately serve the reasonably foreseeable

growth needs of the area.

(iii) Grant rate. - The Secretary shall fix the grant rate

for each project in conformity with regulations issued by the

Secretary that shall provide for a graduated scale of grant

rates establishing higher rates for projects in communities

that have lower community population and income levels.

(B) Revolving funds for financing water and wastewater

projects. -

(i) In general. - The Secretary may make grants to qualified

private, nonprofit entities to capitalize revolving funds for

the purpose of providing financing to eligible entities for -

(I) predevelopment costs associated with proposed water and

wastewater projects or with existing water and wastewater

systems; and

(II) short-term costs incurred for replacement equipment,

small-scale extension services, or other small capital

projects that are not part of the regular operations and

maintenance activities of existing water and wastewater

systems.

(ii) Eligible entities. - To be eligible to obtain financing

from a revolving fund under clause (i), an eligible entity must

be eligible to obtain a loan, loan guarantee, or grant under

paragraph (1) or this paragraph.

(iii) Maximum amount of financing. - The amount of financing

made to an eligible entity under this subparagraph shall not

exceed -

(I) $100,000 for costs described in clause (i)(I); and

(II) $100,000 for costs described in clause (i)(II).

(iv) Term. - The term of financing provided to an eligible

entity under this subparagraph shall not exceed 10 years.

(v) Administration. - The Secretary shall limit the amount of

grant funds that may be used by a grant recipient for

administrative costs incurred under this subparagraph.

(vi) Annual report. - A nonprofit entity receiving a grant

under this subparagraph shall submit to the Secretary an annual

report that describes the number and size of communities served

and the type of financing provided.

(vii) Authorization of appropriations. - There are authorized

to be appropriated to carry out this subparagraph $30,000,000

for each of fiscal years 2002 through 2007.

(3) No grant shall be made under paragraph (2) of this subsection

in connection with any project unless the Secretary determines that

the project (i) will serve a rural area which, if such project is

carried out, is not likely to decline in population below that for

which the project was designed, (ii) is designed and constructed so

that adequate capacity will or can be made available to serve the

present population of the area to the extent feasible and to serve

the reasonably foreseeable growth needs of the area, and (iii) is

necessary for an orderly community development consistent with a

comprehensive community water, waste disposal, or other development

plan of the rural area.

(4)(A) The term "development cost" means the cost of construction

of a facility and the land, easements, and rights-of-way, and water

rights necessary to the construction and operation of the facility.

(B) The term "project" shall include facilities providing central

service or facilities serving individual properties, or both.

(5) Application requirements. - Not earlier than 60 days before a

preliminary application is filed for a loan under paragraph (1) or

a grant under paragraph (2) for a water or waste disposal purpose,

a notice of the intent of the applicant to apply for the loan or

grant shall be published in a general circulation newspaper. The

selection of engineers for a project design shall be done by a

request for proposals by the applicant.

(6) The Secretary may make grants aggregating not to exceed

$30,000,000 in any fiscal year to public bodies or such other

agencies as the Secretary may determine having authority to prepare

comprehensive plans for the development of water or waste disposal

systems in rural areas which do not have funds available for

immediate undertaking of the preparation of such plan.

(7) Repealed. Pub. L. 107-171, title VI, Sec. 6020(b)(1), May 13,

2002, 116 Stat. 363.

(8) In each instance where the Secretary receives two or more

applications for financial assistance for projects that would serve

substantially the same group of residents within a single rural

area, and one such application is submitted by a city, town, county

or other unit of general local government, he shall, in the absence

of substantial reasons to the contrary, provide such assistance to

such city, town, county or other unit of general local government.

(9) Conformity with state drinking water standards. - No Federal

funds shall be made available under this section for a water system

unless the Secretary determines that the water system will make

significant progress toward meeting the standards established under

title XIV of the Public Health Service Act (commonly known as the

"Safe Drinking Water Act") (42 U.S.C. 300f et seq.).

(10) Conformity with federal and state water pollution control

standards. - No Federal funds shall be made available under this

section for a water treatment discharge or waste disposal system

unless the Secretary determines that the effluent from the system

conforms with applicable Federal and State water pollution control

standards.

(11) Rural business opportunity grants. -

(A) In general. - The Secretary may make grants, not to exceed

$1,500,000 annually, to public bodies, private nonprofit

community development corporations or entities, or such other

agencies as the Secretary may select to enable the recipients -

(i) to identify and analyze business opportunities, including

opportunities in export markets, that will use local rural

economic and human resources;

(ii) to identify, train, and provide technical assistance to

existing or prospective rural entrepreneurs and managers;

(iii) to establish business support centers and otherwise

assist in the creation of new rural businesses, the development

of methods of financing local businesses, and the enhancement

of the capacity of local individuals and entities to engage in

sound economic activities;

(iv) to conduct regional, community, and local economic

development planning and coordination, and leadership

development; and

(v) to establish centers for training, technology, and trade

that will provide training to rural businesses in the

utilization of interactive communications technologies to

develop international trade opportunities and markets.

(B) Criteria. - In awarding the grants, the Secretary shall

consider, among other criteria to be established by the Secretary

-

(i) the extent to which the applicant provides development

services in the rural service area of the applicant; and

(ii) the capability of the applicant to accomplish the

activities described in the relevant clauses of subparagraph

(A).

(C) Coordination. - The Secretary shall ensure, to the maximum

extent practicable, that assistance provided under this paragraph

is coordinated with and delivered in cooperation with similar

services or assistance provided to rural residents by the

Cooperative State Research, Education, and Extension Service or

other Federal agencies.

(D) Authorization of appropriations. - There are authorized to

be appropriated to carry out this paragraph $15,000,000 for each

of fiscal years 1996 through 2007.

(12)(A) The Secretary shall, in cooperation with institutions

eligible to receive funds under the Act of July 2, 1862 (12 Stat.

503-505, as amended; 7 U.S.C. 301-305, 307 and 308), or the Act of

August 30, 1890 (26 Stat. 417-419, as amended; 7 U.S.C. 321-326 and

328), including the Tuskegee Institute and State, substate, and

regional planning bodies, establish a system for the dissemination

of information and technical assistance on federally sponsored or

funded programs. The system shall be for the use of institutions

eligible to receive funds under the Act of July 2, 1862 (12 Stat.

503-505, as amended; 7 U.S.C. 301-305, 307, and 308), or the Act of

August 30, 1890 (26 Stat. 417-419, as amended; 7 U.S.C. 321-326 and

328), including the Tuskegee Institute and State, substate, and

regional planning bodies, and other persons concerned with rural

development.

(B) The informational system developed under this paragraph shall

contain all pertinent information, including, but not limited to,

information contained in the Federal Procurement Data System,

Federal Assistance Program Retrieval System, Catalogue of Federal

Domestic Assistance, Geographic Distribution of Federal Funds,

United States Census, and Code of Federal Regulations.

(C) The Secretary shall obtain from all other Federal departments

and agencies comprehensive, relevant, and applicable information on

programs under their jurisdiction that are operated in rural areas.

(D) Of the sums authorized to be appropriated to carry out the

provisions of this chapter, not more than $1,000,000 per year may

be expended to carry out the provisions of this paragraph.

(13) In the making of loans and grants for community waste

disposal and water facilities under paragraphs (1) and (2) of this

subsection the Secretary shall accord highest priority to the

application of any municipality or other public agency (including

an Indian tribe on a Federal or State reservation or other

federally recognized Indian tribal group) in a rural community

having a population not in excess of five thousand five hundred and

which, in the case of water facility loans, has a community water

supply system, where the Secretary determines that due to

unanticipated diminution or deterioration of its water supply,

immediate action is needed, or in the case of waste disposal, has a

community waste disposal system, where the Secretary determines

that due to unanticipated occurrences the system is not adequate to

the needs of the community. The Secretary shall utilize the Soil

Conservation Service in rendering technical assistance to

applicants under this paragraph to the extent he deems appropriate.

(14) Rural water and wastewater technical assistance and training

programs. -

(A) In general. - The Secretary may make grants to private

nonprofit organizations for the purpose of enabling them to

provide to associations described in paragraph (1) of this

subsection technical assistance and training to -

(i) identify, and evaluate alternative solutions to, problems

relating to the obtaining, storage, treatment, purification, or

distribution of water or the collection, treatment, or disposal

of waste in rural areas;

(ii) prepare applications to receive financial assistance for

any purpose specified in paragraph (2) of this subsection from

any public or private source; and

(iii) improve the operation and maintenance practices at any

existing works for the storage, treatment, purification, or

distribution of water or the collection, treatment, or disposal

of waste in rural areas.

(B) Selection priority. - In selecting recipients of grants to

be made under subparagraph (A), the Secretary shall give priority

to private nonprofit organizations that have experience in

providing the technical assistance and training described in

subparagraph (A) to associations serving rural areas in which

residents have low income and in which water supply systems or

waste facilities are unhealthful.

(C) Funding. - Not less than 1 nor more than 3 percent of any

funds appropriated to carry out paragraph (2) of this subsection

for any fiscal year shall be reserved for grants under

subparagraph (A) unless the applications, qualifying for grants,

received by the Secretary from eligible nonprofit organizations

for the fiscal year total less than 1 per centum of those funds.

(15) In the case of water and waste disposal facility projects

serving more than one separate rural community, the Secretary shall

use the median population level and the community income level of

all the separate communities to be served in applying the standards

specified in paragraph (2) of this subsection and section

1927(a)(3)(A) of this title.

(16) Grants under paragraph (2) of this subsection may be used to

pay the local share requirements of another Federal grant-in-aid

program to the extent permitted under the law providing for such

grant-in-aid program.

(17)(A) In the approval and administration of a loan made under

paragraph (1) for a water or waste disposal facility, the Secretary

shall consider fully any recommendation made by the loan applicant

or borrower concerning the technical design and choice of materials

to be used for such facility.

(B) If the Secretary determines that a design or materials, other

than those that were recommended, should be used in the water or

waste disposal facility, the Secretary shall provide such applicant

or borrower with a comprehensive justification for such

determination.

(18) In making or insuring loans or making grants under this

subsection, the Secretary may not condition approval of such loans

or grants upon any requirement, condition or certification other

than those specified under this chapter.

(19) Community facilities grant program. -

(A) In general. - The Secretary may make grants, in a total

amount not to exceed $10,000,000 for any fiscal year, to

associations, units of general local government, nonprofit

corporations, Indian tribes (as such term is defined under

section 450b(e) of title 25),(!1) and federally recognized Indian

tribes to provide the Federal share of the cost of developing

specific essential community facilities in rural areas.

(B) Federal share. -

(i) In general. - Except as provided in clauses (ii) and

(iii), the Secretary shall, by regulation, establish the amount

of the Federal share of the cost of the facility under this

paragraph.

(ii) Maximum amount. - The amount of a grant provided under

this paragraph for a facility shall not exceed 75 percent of

the cost of developing the facility.

(iii) Graduated scale. - The Secretary shall provide for a

graduated scale for the amount of the Federal share provided

under this paragraph, with higher Federal shares for facilities

in communities that have lower community population and income

levels, as determined by the Secretary.

(C) Reservation of funds for child day care facilities. -

(i) In general. - For each fiscal year, not less than 10

percent of the funds made available to carry out this paragraph

shall be reserved for grants to pay the Federal share of the

cost of developing and constructing day care facilities for

children in rural areas.

(ii) Release. - Funds reserved under clause (i) for a fiscal

year shall be reserved only until April 1 of the fiscal year.

(20) Community facilities grant program for rural communities

with extreme unemployment and severe economic depression. -

(A) Definition of not employed rate. - In this paragraph, the

term "not employed rate", with respect to a community, means the

percentage of individuals over the age of 18 who reside within

the community and who are ready, willing, and able to be employed

but are unable to find employment, as determined by the

department of labor of the State in which the community is

located.

(B) Grant authority. - The Secretary may make grants to

associations, units of general local government, nonprofit

corporations, and Indian tribes (as defined in section 450b of

title 25) in a State to provide the Federal share of the cost of

developing specific essential community facilities in rural

communities with respect to which the not employed rate is

greater than the lesser of -

(i) 500 percent of the average national unemployment rate on

November 9, 2000, as determined by the Bureau of Labor

Statistics; or

(ii) 200 percent of the average national unemployment rate

during the Great Depression, as determined by the Bureau of

Labor Statistics.

(C) Federal share. - Paragraph (19)(B) shall apply to a grant

made under this paragraph.

(D) Authorization of appropriations. - There are authorized to

be appropriated to carry out this paragraph $50,000,000 for

fiscal year 2001 and such sums as are necessary for each

subsequent fiscal year, of which not more than 5 percent of the

amount made available for a fiscal year shall be available for

community planning and implementation.

(E) Rural broadband. - Notwithstanding subparagraph (C), the

Secretary may make grants to state (!2) agencies for use by

regulatory commissions in states (!2) with rural communities

without local dial-up Internet access or broadband service to

establish a competitively, technologically neutral grant program

to telecommunications carriers or cable operators that establish

common carrier facilities and services which, in the commission's

determination, will result in the long-term availability to such

communities of affordable broadband services which are used for

the provision of high speed Internet access.

(21) Community facilities grant program for rural communities

with high levels of out-migration or loss of population. -

(A) Grant authority. - The Secretary may make grants to

associations, units of general local government, nonprofit

corporations, and Indian tribes (as defined in section 450b of

title 25) in a State to provide the Federal share of the cost of

developing specific essential community facilities in any

geographic area -

(i) that is represented by -

(I) any political subdivision of a State;

(II) an Indian tribe on a Federal or State reservation; or

(III) other federally recognized Indian tribal group;

(ii) that is located in a rural area (as defined in section

2009 (!3) of this title);

(iii) with respect to which, during the most recent 5-year

period, the net out-migration of inhabitants, or other

population loss, from the area equals or exceeds 5 percent of

the population of the area; and

(iv) that has a median household income that is less than the

nonmetropolitan median household income of the United States.

(B) Federal share. - Paragraph (19)(B) shall apply to a grant

made under this paragraph.

(C) Authorization of appropriations. - There are authorized to

be appropriated to carry out this paragraph $50,000,000 for

fiscal year 2001 and such sums as are necessary for each

subsequent fiscal year, of which not more than 5 percent of the

amount made available for a fiscal year shall be available for

community planning and implementation.

(22) Rural water and wastewater circuit rider program. -

(A) In general. - The Secretary shall establish a national

rural water and wastewater circuit rider program that is based on

the rural water circuit rider program of the National Rural Water

Association that (as of May 13, 2002) receives funding from the

Secretary, acting through the Rural Utilities Service.

(B) Relationship to existing program. - The program established

under subparagraph (A) shall not affect the authority of the

Secretary to carry out the circuit rider program for which funds

are made available under the heading "rural community advancement

program" in title III of the Agriculture, Rural Development, Food

and Drug Administration, and Related Agencies Appropriations Act,

2002 (115 Stat. 719).

(C) Authorization of appropriations. - There is authorized to

be appropriated to carry out this paragraph $15,000,000 for

fiscal year 2003 and each fiscal year thereafter.

(23) Multijurisdictional regional planning organizations. -

(A) Grants. - The Secretary shall provide grants to

multijurisdictional regional planning and development

organizations to pay the Federal share of the cost of providing

assistance to local governments to improve the infrastructure,

services, and business development capabilities of local

governments and local economic development organizations.

(B) Priority. - In determining which organizations will receive

a grant under this paragraph, the Secretary shall give priority

to an organization that -

(i) serves a rural area that, during the most recent 5-year

period -

(I) had a net out-migration of inhabitants, or other

population loss, from the rural area that equals or exceeds 5

percent of the population of the rural area; or

(II) had a median household income that is less than the

nonmetropolitan median household income of the applicable

State; and

(ii) has a history of providing substantive assistance to

local governments and economic development organizations.

(C) Federal share. - A grant provided under this paragraph

shall be for not more than 75 percent of the cost of providing

assistance described in subparagraph (A).

(D) Maximum amount of grants. - The amount of a grant provided

to an organization under this paragraph shall not exceed

$100,000.

(E) Authorization of appropriations. - There is authorized to

be appropriated to carry out this paragraph $30,000,000 for each

of fiscal years 2003 through 2007.

(24) Loan guarantees for water, wastewater, and essential

community facilities loans. -

(A) In general. - The Secretary may guarantee a loan made to

finance a community facility or water or waste facility project

in a rural area, including a loan financed by the net proceeds of

a bond described in section 142(a) of title 26.

(B) Requirements. - To be eligible for a loan guarantee under

subparagraph (A), an individual or entity offering to purchase

the loan shall demonstrate to the Secretary that the person has -

(i) the capabilities and resources necessary to service the

loan in a manner that ensures the continued performance of the

loan, as determined by the Secretary; and

(ii) the ability to generate capital to provide borrowers of

the loan with the additional credit necessary to properly

service the loan.

(25) Tribal college and university essential community

facilities. -

(A) In general. - The Secretary may make grants to tribal

colleges and universities (as defined in section 1059c of title

20) to provide the Federal share of the cost of developing

specific tribal college or university essential community

facilities in rural areas.

(B) Federal share. -

(i) In general. - Except as provided in clauses (ii) and

(iii), the Secretary shall, by regulation, establish the

maximum percentage of the cost of the facility that may be

covered by a grant under this paragraph.

(ii) Maximum amount. - The amount of a grant provided under

this paragraph for a facility shall not exceed 75 percent of

the cost of developing the facility.

(iii) Graduated scale. - The Secretary shall provide for a

graduated scale of the percentages of the cost covered by a

grant made under this paragraph that provides higher

percentages for facilities in communities that have lower

community population and income levels, as determined by the

Secretary.

(C) Authorization of appropriations. - There is authorized to

be appropriated to carry out this paragraph $10,000,000 for each

of fiscal years 2003 through 2007.

(b) Curtailment or limitation of service prohibited

The service provided or made available through any such

association shall not be curtailed or limited by inclusion of the

area served by such association within the boundaries of any

municipal corporation or other public body, or by the granting of

any private franchise for similar service within such area during

the term of such loan; nor shall the happening of any such event be

the basis of requiring such association to secure any franchise,

license, or permit as a condition to continuing to serve the area

served by the association at the time of the occurrence of such

event.

(c) Repealed. Pub. L. 91-606, title III, Sec. 302(2), Dec. 31,

1970, 84 Stat. 1759

(d) Carryover of unused authorizations for appropriations

Any amounts appropriated under this section shall remain

available until expended, and any amounts authorized for any fiscal

year under this section but not appropriated may be appropriated

for any succeeding fiscal year.

-SOURCE-

(Pub. L. 87-128, title III, Sec. 306, Aug. 8, 1961, 75 Stat. 308;

Pub. L. 87-703, title IV, Sec. 401(2), Sept. 27, 1962, 76 Stat.

632; Pub. L. 89-240, Sec. 1, Oct. 7, 1965, 79 Stat. 931; Pub. L. 89-

769, Sec. 6(b), Nov. 6, 1966, 80 Stat. 1318; Pub. L. 90-488, Secs.

3-5, Aug. 15, 1968, 82 Stat. 770; Pub. L. 91-524, title VIII, Sec.

806(a), Nov. 30, 1970, 84 Stat. 1383; Pub. L. 91-606, title III,

Sec. 302(2), Dec. 31, 1970, 84 Stat. 1759; Pub. L. 91-617, Sec.

1(a), Dec. 31, 1970, 84 Stat. 1855; Pub. L. 92-419, title I, Secs.

104-112, Aug. 30, 1972, 86 Stat. 658, 659; Pub. L. 91-524, title

VIII, Sec. 816(c), as added Pub. L. 93-86, Sec. 1(27)(B), Aug. 10,

1973, 87 Stat. 240; Pub. L. 95-334, title I, Secs. 104-107(a), Aug.

4, 1978, 92 Stat. 421, 422; Pub. L. 96-355, Sec. 7, Sept. 24, 1980,

94 Stat. 1174; Pub. L. 96-438, Sec. 2(1), Oct. 13, 1980, 94 Stat.

1871; Pub. L. 97-35, title I, Sec. 121, Aug. 13, 1981, 95 Stat.

368; Pub. L. 99-198, title XIII, Sec. 1304(a), Dec. 23, 1985, 99

Stat. 1519; Pub. L. 99-514, Sec. 2, Oct. 22, 1986, 100 Stat. 2095;

Pub. L. 101-624, title XXIII, Secs. 2316(b), 2321, 2328, 2329,

2341, 2342, 2393, Nov. 28, 1990, 104 Stat. 4008, 4010, 4017, 4026,

4027, 4057; Pub. L. 102-237, title VII, Sec. 701(a), (h)(1)(A),

(B), Dec. 13, 1991, 105 Stat. 1879, 1880; Pub. L. 103-129, Sec. 3,

Nov. 1, 1993, 107 Stat. 1366; Pub. L. 103-354, title II, Sec.

235(b)(5), Oct. 13, 1994, 108 Stat. 3222; Pub. L. 104-127, title

VII, Secs. 741(a), 758, 763, Apr. 4, 1996, 110 Stat. 1122, 1132,

1148; Pub. L. 106-387, Sec. 1(a) [title VII, Sec. 773], Oct. 28,

2000, 114 Stat. 1549, 1549A-45; Pub. L. 106-472, title III, Secs.

304(a), 305(a), Nov. 9, 2000, 114 Stat. 2070, 2071; Pub. L. 107-76,

title VII, Sec. 762, Nov. 28, 2001, 115 Stat. 743; Pub. L. 107-171,

title VI, Secs. 6001-6007(a), 6008, 6020(b)(1), May 13, 2002, 116

Stat. 352-355, 363.)

-REFTEXT-

REFERENCES IN TEXT

Section 766 of the Agriculture, Rural Development, Food and Drug

Administration, and Related Agencies Appropriations Act, 1999,

referred to in subsec. (a)(1), is Pub. L. 105-277, div. A, Sec.

101(a)[title VII, Sec. 766], Oct. 21, 1998, 112 Stat. 2681, 2681-

37, which is not classified to the Code.

The Rural Electrification Act of 1936, referred to in subsec.

(a)(1), is act May 20, 1936, ch. 432, 49 Stat. 1363, as amended,

which is classified generally to chapter 31 (Sec. 901 et seq.) of

this title. For complete classification of this Act to the Code,

see section 901 of this title and Tables.

The Public Health Service Act, referred to in subsec. (a)(9), is

act July 1, 1944, ch. 373, 58 Stat. 682, as amended. Title XIV of

the Act, known as the Safe Drinking Water Act, is classified

principally to subchapter XII (Sec. 300f et seq.) of chapter 6A of

Title 42, The Public Health and Welfare. For complete

classification of these Acts to the Code, see Short Title note and

Short Title of 1974 Amendments note set out under section 201 of

Title 42 and Tables.

Act of July 2, 1862 (12 Stat. 503-505, as amended; 7 U.S.C. 301-

305, 307 and 308), referred to in subsec. (a)(12)(A), is act July

2, 1862, ch. 130, 12 Stat. 503, as amended, popularly known as the

Morrill Act and also as the First Morrill Act, which is classified

generally to subchapter I (Sec. 301 et seq.) of chapter 13 of this

title. For complete classification of this Act to the Code, see

Short Title note set out under section 301 of this title and

Tables.

Act of August 30, 1890 (26 Stat. 417-419, as amended; 7 U.S.C.

321-326 and 328), referred to in subsec. (a)(12)(A), is act Aug.

30, 1890, ch. 841, 26 Stat. 417, as amended, popularly known as the

Agricultural College Act of 1890 and also as the Second Morrill

Act, which is classified generally to subchapter II (Sec. 321 et

seq.) of chapter 13 of this title. For complete classification of

this Act to the Code, see Short Title note set out under section

321 of this title and Tables.

For definition of "this chapter", referred to in subsec.

(a)(12)(D), (18), see note set out under section 1921 of this

title.

Section 2009 of this title, referred to in subsec.

(a)(21)(A)(ii), was subsequently amended, and no longer defines the

term "rural area".

The Agriculture, Rural Development, Food and Drug Administration,

and Related Agencies Appropriations Act, 2002, referred to in

subsec. (a)(22)(B), is Pub. L. 107-76, Nov. 28, 2001, 115 Stat.

704. Provisions under the heading "rural community advancement

program" in title III of the Act appear at 115 Stat. 719 and are

not classified to the Code.

-MISC1-

AMENDMENTS

2002 - Subsec. (a)(1). Pub. L. 107-171, Sec. 6001, inserted after

first sentence "The Secretary may also make or insure loans to

communities that have been designated as rural empowerment zones or

rural enterprise communities pursuant to part I of subchapter U of

chapter 1 of title 26, or as rural enterprise communities pursuant

to section 766 of the Agriculture, Rural Development, Food and Drug

Administration, and Related Agencies Appropriations Act, 1999

(Public Law 105-277; 112 Stat. 2681, 2681-37), to provide for the

installation or improvement of essential community facilities

including necessary related equipment, and to furnish financial

assistance or other aid in planning projects for such purposes."

Subsec. (a)(2). Pub. L. 107-171, Sec. 6002, inserted heading,

designated existing provisions as subpar. (A) and inserted heading,

designated first sentence of subpar. (A) as cl. (i), inserted

heading, and struck out "aggregating not to exceed $590,000,000 in

any fiscal year" after "authorized to make grants", designated

second sentence of subpar. (A) as cl. (ii), inserted heading, and

substituted "subparagraph" for "paragraph", designated third

sentence of subpar. (A) as cl. (iii) and inserted heading, and

added subpar. (B).

Subsec. (a)(7). Pub. L. 107-171, Sec. 6020(b)(1), struck out

heading and text of par. (7). Text read as follows: "For the

purpose of water and waste disposal grants and direct and

guaranteed loans provided under paragraphs (1) and (2), the terms

'rural' and 'rural area' mean a city, town, or unincorporated area

that has a population of no more than 10,000 inhabitants."

Subsec. (a)(11)(D). Pub. L. 107-171, Sec. 6003, substituted

"$15,000,000" for "$7,500,000" and "2007" for "2002".

Subsec. (a)(19)(C). Pub. L. 107-171, Sec. 6004, added subpar.

(C).

Subsec. (a)(22) to (25). Pub. L. 107-171, Secs. 6005-6007(a),

6008, added pars. (22) to (25).

2001 - Subsec. (a)(20)(E). Pub. L. 107-76 added subpar. (E).

2000 - Subsec. (a)(19)(A). Pub. L. 106-387, which directed

amendment of section 306(a)(19)(A) of the Consolidated Farmers Home

Administration Act of 1961 by inserting ", Indian tribes (as such

term is defined under section 450b(e) of title 25)," after

"nonprofit corporations", was executed to this section, which is

section 306(a)(19)(A) of the Consolidated Farm and Rural

Development Act, to reflect the probable intent of Congress.

Subsec. (a)(20). Pub. L. 106-472, Sec. 304(a), added par. (20).

Subsec. (a)(21). Pub. L. 106-472, Sec. 305(a), added par. (21).

1996 - Subsec. (a)(2). Pub. L. 104-127, Sec. 741(a)(1),

substituted "$590,000,000" for "$500,000,000".

Subsec. (a)(5). Pub. L. 104-127, Sec. 758, added par. (5).

Subsec. (a)(7). Pub. L. 104-127, Sec. 741(a)(2), added par. (7)

and struck out former par. (7) which read as follows: "As used in

this chapter, the terms 'rural' and 'rural area' shall not include

any area in any city or town which has a population in excess of

ten thousand inhabitants, except that (A) for the purpose of loans

for essential community facilities under subsection (a)(1) of this

section, the terms 'rural' and 'rural area' may include any area in

any city or town that has a population not in excess of twenty

thousand inhabitants; and (B) for purposes of loans and grants for

private business enterprises under sections 1924(b), 1932 and

1942(b), (c), and (d) of this title the terms 'rural' and 'rural

area' may include all territory of a State that is not within the

outer boundary of any city having a population of fifty thousand or

more and its immediately adjacent urbanized and urbanizing areas

with a population density of more than one hundred persons per

square mile, as determined by the Secretary of Agriculture

according to the latest decennial census of the United States:

Provided, That special consideration for such loans and grants

shall be given to areas other than cities having a population of

more than twenty-five thousand."

Subsec. (a)(9), (10). Pub. L. 104-127, Sec. 741(a)(3), added

pars. (9) and (10) and struck out former pars. (9) and (10) which

read as follows:

"(9) No Federal funds shall be authorized for use unless it be

certified by the appropriate State water pollution control agency

that the water supply system authorized will not result in

pollution of waters of the State in excess of standards established

by that agency.

"(10) In the case of sewers and waste disposal systems, no

Federal funds shall be advanced hereunder unless the appropriate

State water pollution control agency shall certify that the

effluent therefrom shall conform with appropriate State and Federal

water pollution control standards when and where established."

Subsec. (a)(11). Pub. L. 104-127, Sec. 741(a)(3), added par. (11)

and struck out former par. (11) which authorized grants to public

bodies, private nonprofit community development corporations or

entities, or other agencies to enable such recipients to (1)

identify and analyze business opportunities, including

opportunities in export markets, that would use local rural

economic and human resources, (2) identify, train, and provide

technical assistance to existing or prospective rural entrepreneurs

and managers, (3) establish business support centers and otherwise

assist in creation of new rural businesses, development of methods

of financing local businesses, and enhancing capacity of local

individuals and entities to engage in sound economic activities,

and (4) conduct regional, community, and local economic development

planning and coordination, and leadership development.

Subsec. (a)(14). Pub. L. 104-127, Sec. 741(a)(6)(A)-(D)(i),

inserted par. heading and headings for subpars. (A) to (C), and

realigned margins of subpars. and cls. (i) to (iii) of subpar. (A).

Pub. L. 104-127, Sec. 741(a)(4), (5), redesignated par. (16) as

(14) and struck out former par. (14) which read as follows:

"(14)(A) The Secretary, under such reasonable rules and

conditions as he shall establish, shall make grants to eligible

volunteer fire departments for up to 50 per centum of the cost of

firefighting equipment needed by such departments but which such

departments are unable to purchase through the resources otherwise

available to them, and for the cost of the training necessary to

enable such departments to use such equipment efficiently.

"(B) For the purposes of this subsection, the term 'eligible

volunteer fire department' means any established volunteer fire

department in a rural town, village, or unincorporated area where

the population is less than two thousand but greater than two

hundred, as reasonably determined by the Secretary."

Subsec. (a)(14)(C). Pub. L. 104-127, Sec. 741(a)(6)(D)(ii), which

directed substitution of "3 percent of any funds appropriated" for

"2 per centum of any funds provided in appropriations Acts", was

executed by making the substitution for "2 per centum of any funds

provided in Appropriations Acts", to reflect the probable intent of

Congress.

Subsec. (a)(15). Pub. L. 104-127, Sec. 741(a)(4), (5),

redesignated par. (17) as (15) and struck out former par. (15)

which authorized making or insuring of loans to associations,

including corporations not operated for profit, Indian tribes on

Federal and State reservations and other federally recognized

Indian tribes, and public and quasi-public agencies, for purpose of

financing construction, acquisition, and operation of transmission

facilities for any electric system owned and operated by a public

body located in a rural area which was, as of October 1, 1976,

receiving bulk power from designated agencies of Department of the

Interior.

Subsec. (a)(16) to (18). Pub. L. 104-127, Sec. 741(a)(5),

redesignated pars. (18) to (20) as (16) to (18), respectively.

Former pars. (16) to (18) redesignated (14) to (16), respectively.

Subsec. (a)(19). Pub. L. 104-127, Sec. 763, added par. (19).

Pub. L. 104-127, Sec. 741(a)(5), redesignated par. (19) as (17).

Subsec. (a)(20). Pub. L. 104-127, Sec. 741(a)(5), redesignated

par. (20) as (18).

1994 - Subsec. (a)(15)(C), (D). Pub. L. 103-354 redesignated

subpar. (D) as (C) and struck out former subpar. (C) which read as

follows: "The Administrator of the Rural Electrification

Administration shall administer loans made or insured under this

paragraph."

1993 - Subsec. (a)(1). Pub. L. 103-129 inserted after first

sentence "The Secretary may also make loans to any borrower to whom

a loan has been made under the Rural Electrification Act of 1936 (7

U.S.C. 901 et seq.), for the conservation, development, use, and

control of water, and the installation of drainage or waste

disposal facilities, primarily serving farmers, ranchers, farm

tenants, farm laborers, rural businesses, and other rural

residents."

1991 - Subsec. (a)(11)(B)(ii). Pub. L. 102-237, Sec. 701(a)(1),

in subcl. (I) inserted "and" after semicolon and in subcl. (II)

substituted a period for "; and".

Subsec. (a)(12)(D), (20). Pub. L. 102-237, Sec. 701(h)(1)(A),

(B), substituted "this chapter" for "this Act".

Subsec. (a)(21). Pub. L. 102-237, Sec. 701(a)(2), struck out par.

(21) which was identical to par. (20).

1990 - Subsec. (a)(1). Pub. L. 101-624, Sec. 2328, inserted

"rural businesses," after "farm laborers,".

Subsec. (a)(2). Pub. L. 101-624, Sec. 2321, struck out ":

Provided, That for fiscal years commencing after September 30,

1981, such grants may not exceed $154,900,000 in any fiscal year"

after "in rural areas".

Subsec. (a)(3). Pub. L. 101-624, Sec. 2316(b), struck out "and

not inconsistent with any planned development provided in any

State, multijurisdictional, county, or municipal plan approved by

competent authority for the area in which the rural community is

located, and the Secretary shall require the submission of all

applications for financial assistance under this section to the

multijurisdictional substate areawide general purpose planning and

development agency that has been officially designated as a

clearinghouse agency under Office of Management and Budget Circular

A-95 and to the county or municipal government having jurisdiction

over the area in which the proposed project is to be located for

review and comment within a designated period of time not to exceed

30 days concerning among other considerations, the effect of the

project upon the areawide goals and plans of such agency or

government. No loan under this section shall be made that is

inconsistent with any multijurisdictional planning and development

district areawide plan of such agency. The Secretary is authorized

to reimburse such agency or government for the cost of making the

required review. Until October 1, 1973, the Secretary may make

grants prior to the completion of the comprehensive plan, if the

preparation of such plan has been undertaken for the area" after

"of the rural area".

Subsec. (a)(11). Pub. L. 101-624, Secs. 2341, 2342, amended par.

(11) generally. Prior to amendment, par. (11) read as follows: "The

Secretary may make grants, not to exceed $15,000,000 annually, to

public bodies or such other agencies as the Secretary may select to

provide rural development technical assistance, rural community

leadership development, and community and areawide rural

development planning."

Subsec. (a)(20). Pub. L. 101-624, Sec. 2329, added par. (20).

Subsec. (a)(21). Pub. L. 101-624, Sec. 2393, added par. (21).

1986 - Subsec. (a)(1), (15)(B). Pub. L. 99-514 substituted

"Internal Revenue Code of 1986" for "Internal Revenue Code of

1954", which for purposes of codification was translated as "title

26" thus requiring no change in text.

1985 - Subsec. (a)(2). Pub. L. 99-198 provided for graduated

scale of grant rates for each project and higher rates in

communities having lower community population and income levels.

Subsec. (a)(16) to (19). Pub. L. 99-198 added pars. (16) to (19).

1981 - Subsec. (a)(2). Pub. L. 97-35 inserted provisions limiting

grants for fiscal years after Sept. 30, 1981.

1980 - Subsec. (a)(7). Pub. L. 96-438 provided that for the

purpose of loans for essential community facilities under

subsection (a)(1) of this section, terms "rural" and "rural area"

may include any area in any city or town with a population not in

excess of twenty thousand.

Subsec. (a)(11) to (15). Pub. L. 96-355 in par. (11) substituted

provisions authorizing annual grants not to exceed $15,000,000 for

rural development technical assistance, rural community leadership

development, etc., for provisions authorizing annual grants not to

exceed $10,000,000 for preparation of comprehensive plans for rural

development or designated aspects of such rural development, added

par. (12), and redesignated former pars. (12) to (14) as (13) to

(15), respectively.

1978 - Subsec. (a)(1). Pub. L. 95-334, Sec. 104, inserted

provisions respecting bond counsel requirements for loans under

$500,000.

Subsec. (a)(2). Pub. L. 95-334, Sec. 105, substituted

"$500,000,000" for "$300,000,000" and "75" for "50".

Subsec. (a)(7). Pub. L. 95-334, Sec. 106, struck out references

to the Commonwealth of Puerto Rico and the Virgin Islands.

Subsec. (a)(14). Pub. L. 95-334, Sec. 107(a), added par. (14).

1973 - Subsec. (a)(13). Pub. L. 91-524, title VIII, Sec. 816(c),

as added by Pub. L. 93-86 added par. (13).

1972 - Subsec. (a)(1). Pub. L. 92-419, Sec. 104(1), (2),

authorized loans to Indian tribes on Federal and State reservations

and other federally recognized Indian tribes and included as an

allowable use provision for essential community facilities

including necessary related equipment, respectively.

Subsec. (a)(2). Pub. L. 92-419, Sec. 105, substituted

"$300,000,000" for "$100,000,000".

Subsec. (a)(3). Pub. L. 92-419, Secs. 106, 107, substituted

"project" for "facility" where first appearing; in item (i),

substituted "project" for "facility" and inserted in such text ",

if such project is carried out,"; in item (ii), substituted "will

or can be" for "will be or can be"; substituted "and (iii)" for "or

(iii)" and in such item (iii), substituted "an orderly community

development consistent with a comprehensive community water, waste

disposal, or other development plan" and "development provided in

any State, multijurisdictional, county, or municipal plan approved

by competent authority" for "orderly community development

consistent with a comprehensive community water or sewer

development plan" and "development under State, county, or

municipal plans approved as official plans by competent authority",

substituted "Secretary shall require the submission of all

applications for financial assistance under this section to the

multijurisdictional substate areawide general purpose planning and

development agency that has been officially designated as a

clearinghouse agency under Office of Management and Budget Circular

A-95 and to the county or municipal government having jurisdiction

over the area in which the proposed project is to be located for

review and comment within a designated period of time not to exceed

30 days concerning among other considerations, the effect of the

project upon the areawide goals and plans of such agency or

government" for "Secretary shall establish regulations requiring

the submission of all applications for financial assistance under

this chapter to the county or municipal government in which the

proposed project is to be located for review and comment by such

agency within a designated period of time"; prohibited loans

inconsistent with multijurisdictional planning and development

district areawide plan of the agency; authorized agency or

government reimbursement for cost of making the review; and

extended authority for making grants prior to completion of the

comprehensive plan from Oct. 1, 1971 to Oct. 1, 1973.

Subsec. (a)(5). Pub. L. 92-419, Sec. 110, struck out provisions

of former par. (5) which prohibited any loan or grant under subsec.

(a) of this section which would cause the unpaid principal

indebtedness of any association under this chapter and Act Aug. 28,

1937, as amended (superseded by this chapter), together with amount

of any assistance in the form of a grant to exceed $4,000,000 at

any one time.

Subsec. (a)(6). Pub. L. 92-419, Sec. 108, substituted

"$30,000,000" for "$15,000,000", struck out "official" before

"comprehensive plans", and substituted "waste disposal systems" for

"sewer systems".

Subsec. (a)(7). Pub. L. 92-419, Sec. 109, substituted definition

of "rural" and "rural area" as excluding an area in a city or town

with a population in excess of ten thousand inhabitants for prior

provision for rural areas for purposes of water and waste disposal

projects excluding an area in a city or town with a population in

excess of 5,500 inhabitants, provided exception provision and

special consideration for loans and grants to areas other than

cities having a population of more than twenty-five thousand.

Subsec. (a)(11), (12). Pub. L. 92-419, Secs. 111, 112, added

pars. (11) and (12).

1970 - Subsec. (a)(1). Pub. L. 91-617 required inclusion in gross

income of the interest or other income paid to an insured holder

when any loan made for a purpose specified in subsec. (a)(1) is

sold out of the Agricultural Credit Insurance Fund as an insured

loan.

Subsec. (c). Pub. L. 91-606 repealed subsec. (c), added by Pub.

L. 89-769, Sec. 6(b), Nov. 6, 1966, 80 Stat. 1318, which related to

loans to associations in areas suffering major disasters. See

section 4401 et seq. of Title 42, The Public Health and Welfare.

Subsec. (d). Pub. L. 91-524 added subsec. (d).

1968 - Subsec. (a). Pub. L. 90-488 substituted "$100,000,000" for

"$50,000,000" in par. (2), "1971" for "1968" in par. (3), and

"$15,000,000" for "$5,000,000" in par. (6), respectively.

1966 - Subsec. (c). Pub. L. 89-769 added subsec. (c).

1965 - Subsec. (a). Pub. L. 89-240 designated existing provisions

as par. (1), struck out "including the development of recreational

facilities" after "shifts in land use", substituted "drainage or

waste disposal facilities" for "drainage facilities", inserted "and

recreational developments", deleted provisions which prohibited

loans which would cause an association's unpaid principal

indebtedness to exceed $500,000, in the case of direct loans and

$1,000,000 in the case of insured loans at any one time, and added

pars. (2) to (10).

1962 - Subsec. (a). Pub. L. 87-703 authorized loans to be made or

insured to provide for the application or establishment of shifts

in land use including the development of recreational facilities.

EFFECTIVE DATE OF 1991 AMENDMENT

Amendment by section 701(a) of Pub. L. 102-237 effective as if

included in the provision of the Food, Agriculture, Conservation,

and Trade Act of 1990, Pub. L. 101-624, to which the amendment

relates, and amendment by section 701(h)(1)(A), (B) of Pub. L. 102-

237 to any provision specified therein effective as if included in

act that added provision so specified at the time such act became

law, see section 1101(b)(6), (c) of Pub. L. 102-237, set out as a

note under section 1421 of this title.

EFFECTIVE DATE OF 1980 AMENDMENT

Amendment by Pub. L. 96-355 effective Oct. 1, 1980, see section

10 of Pub. L. 96-355, set out as an Effective Date note under

section 2204b of this title.

EFFECTIVE DATE OF 1978 AMENDMENT

Section 105 of Pub. L. 95-334 provided that the amendment made by

that section is effective Oct. 1, 1978.

EFFECTIVE DATE OF 1970 AMENDMENTS

Section 1(b) of Pub. L. 91-617 provided that: "The amendment made

by subsection (a) [amending this section] shall apply to the

insured loans sold out of the Agricultural Credit Insurance Fund

after the date of the enactment of this Act [Dec. 31, 1970]."

Amendment by Pub. L. 91-606 effective Dec. 31, 1970, see section

304 of Pub. L. 91-606, set out as a note under section 165 of Title

26, Internal Revenue Code.

EFFECTIVE DATE OF 1966 AMENDMENT

Amendment by Pub. L. 89-769 applicable with respect to any major

disaster occurring after Oct. 3, 1964, see section 14 of Pub. L. 89-

769.

-TRANS-

TRANSFER OF FUNCTIONS

Powers, duties, and assets of agencies, offices, and other

entities within Department of Agriculture relating to rural

development functions transferred to Rural Development

Administration by section 2302(b) of Pub. L. 101-624.

-MISC2-

ASSISTANCE IN RURAL ALASKA

Pub. L. 106-387, Sec. 1(a) [title VII, Sec. 736], Oct. 28, 2000,

114 Stat. 1549, 1549A-33, provided that: "Notwithstanding any other

provision of law, for any fiscal year, in the case of a high cost,

isolated rural area of the State of Alaska that is not connected to

a road system -

"(1) in the case of assistance provided by the Rural Housing

Service for single family housing under title V of the Housing

Act of 1949 (7 [42] U.S.C. 1471 et seq.), the maximum income

level for the assistance shall be 150 percent of the average

income level in metropolitan areas of the State;

"(2) in the case of community facility loans and grants

provided under paragraphs (1) and (19), respectively, of section

306(a) of the Consolidated Farm and Rural Development Act (7

U.S.C. 1926(a)) and assistance provided under programs carried

out by the Rural Utilities Service, the maximum income level for

the loans, grants, and assistance shall be 150 percent of the

average income level in nonmetropolitan areas of the State;

"(3) in the case of a business and industry guaranteed loan

made under section 310B(a)(1) of the Consolidated Farm and Rural

Development Act (7 U.S.C. 1932(a)(1)), to the extent permitted

under that Act, the Secretary of Agriculture shall -

"(A) guarantee the repayment of 90 percent of the principal

and interest due on the loan; and

"(B) charge a loan origination and servicing fee in an amount

not to exceed 1 percent of the amount of the loan; and

"(4) in the case of assistance provided under the Rural

Community Development Initiative for fiscal year 2001 carried out

under the rural community advancement program established under

subtitle E of the Consolidated Farm and Rural Development Act (7

U.S.C. 2009 et seq.), the median household income level, and the

not employed rate, with respect to applicants for assistance

under the Initiative shall be scored on a community-by-community

basis."

TEMPORARY EXPANDED ELIGIBILITY OF CERTAIN TIMBER-DEPENDENT

COMMUNITIES IN PACIFIC NORTHWEST FOR LOANS AND GRANTS FROM RURAL

DEVELOPMENT ADMINISTRATION

Pub. L. 103-427, Oct. 31, 1994, 108 Stat. 4373, provided that:

"(a) Findings. - Congress finds the following:

"(1) Timber-dependent communities in the Pacific Northwest have

contributed significantly to the economic needs of the United

States and have helped ensure an adequate national supply of

timber and timber products.

"(2) A significant portion of the timber traditionally

harvested in the Pacific Northwest is derived from Federal forest

lands, and these forests have played an important role in

sustaining local economies.

"(b) Expanded Eligibility. - During the period beginning on the

date of the enactment of this Act [Oct. 31, 1994] and ending on

September 30, 1998, the terms 'rural' and 'rural area', as used in

the Consolidated Farm and Rural Development Act (7 U.S.C. 1921 et

seq.), shall include any town, city, or municipality -

"(1) part or all of which lies within 100 miles of the boundary

of a national forest covered by the Federal document entitled

'Forest Plan for a Sustainable Economy and a Sustainable

Environment', dated July 1, 1993;

"(2) that is located in a county in which at least 15 percent

of the total primary and secondary labor and proprietor income is

derived from forestry, wood products, or forest-related

industries such as recreation and tourism; and

"(3) that has a population of not more than 25,000 inhabitants.

"(c) Effect on State Allotments of Funds. - This section shall

not be taken into consideration in allotting funds to the various

States for purposes of the Consolidated Farm and Rural Development

Act (7 U.S.C. 1921 et seq.), or otherwise affect or alter the

manner under which such funds were allotted to States before the

date of the enactment of this Act [Oct. 31, 1994]."

RURAL WASTEWATER TREATMENT CIRCUIT RIDER PROGRAM

Section 2324 of Pub. L. 101-624 directed Secretary to establish

national rural wastewater circuit rider grant program that was to

be modeled after existing National Rural Water Association Rural

Water Circuit Rider Program that received funding from Farmers Home

Administration and authorized $4,000,000 for each fiscal year to

carry out such program, prior to repeal by Pub. L. 104-127, title

VII, Sec. 703, Apr. 4, 1996, 110 Stat. 1108.

INTEREST RATE RESTRUCTURING FOR CERTAIN BORROWERS

Pub. L. 100-233, title VI, Sec. 615(b)(2), Jan. 6, 1988, 101

Stat. 1682, provided that: "Effective July 29, 1987, the interest

rate charged on any loan of $2,000,000 or more made on such date

under section 306 [7 U.S.C. 1926] to any nonprofit corporation

shall be the interest rate quoted to such nonprofit corporation by

the Farmers Home Administration on June 22, 1987, in the request

for obligation of funds made with respect to the loan."

LEASE OF CERTAIN ACQUIRED PROPERTY

Pub. L. 100-233, title VI, Sec. 620, Jan. 6, 1988, 101 Stat.

1684, provided that: "Notwithstanding any other provision of law,

the Secretary of Agriculture may lease to public or private

nonprofit organizations, for a nominal rent, any facilities

acquired in connection with the disposition of a loan made by the

Secretary under section 306 [7 U.S.C. 1926]. Any such lease shall

be for such reasonable period of time as the Secretary determines

is appropriate."

-FOOTNOTE-

(!1) So in original.

(!2) So in original. Probably should be capitalized.

(!3) See References in Text note below.

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