Title 7 — Agriculture
Chapter 50 — Agricultural Credit
§ 2009d. Rural Development Trust Fund
Statutory text
Establishment
There is established in the Treasury of the United States a trust fund which shall be known as the Rural Development Trust Fund (in this subchapter referred to as the “Trust Fund”).
Accounts
There are established in the Trust Fund the following accounts:
The rural community facilities account.
The rural utilities account.
The rural business and cooperative development account.
The federally recognized Indian tribe account.
Deposits into accounts
Notwithstanding any other provision of law, each fiscal year—
all amounts made available to carry out the authorities described in subsection (d)(1) for the fiscal year shall be deposited into the rural community facilities account of the Trust Fund;
all amounts made available to carry out the authorities described in subsection (d)(2) for the fiscal year shall be deposited into the rural utilities account of the Trust Fund; and
all amounts made available to carry out the authorities described in subsection (d)(3) for the fiscal year shall be deposited into the rural business and cooperative development account of the Trust Fund.
Function categories
The function categories described in this subsection are the following:
Rural community facilities
The rural community development category consists of all amounts made available for—
community facility direct and guaranteed loans under section 1926(a)(1) of this title; or
community facility grants under paragraph (19), (20), or (21) of section 1926(a) of this title.
Rural utilities
The rural utilities category consists of all amounts made available for—
water or waste disposal grants or direct or guaranteed loans under paragraph (1) or (2) of section 1926(a) of this title;
rural water or wastewater technical assistance and training grants under section 1926(a)(14) of this title;
emergency community water assistance grants under section 1926a of this title; or
solid waste management grants under section 1932(b) of this title.
Rural business and cooperative development
The rural business and cooperative development category consists of all amounts made available for—
business and industry direct and guaranteed loans under section 1932(a)(2)(A) of this title; or
rural business enterprise grants or rural educational network grants under section 1932(c) of this title.
Federally recognized Indian tribe account
Transfers into account
Each fiscal year, the Secretary shall transfer to the federally recognized Indian tribe account of the Trust Fund 3 percent of the amount deposited into the Trust Fund for the fiscal year under subsection (d).
Use of funds
The Secretary shall make available to federally recognized Indian tribes the amounts in the federally recognized Indian tribe account for use pursuant to any authority described in subsection (d).
Allocation among States
The Secretary shall allocate the amounts in each account specified in subsection (c) among the States in a fair, reasonable, and appropriate manner that takes into consideration rural population, levels of income, unemployment, and other relevant factors, as determined by the Secretary.
Availability of funds allocated for States
The Secretary shall make available to each State the total amount allocated for the State under subsection (f) that remains after applying section 2009f of this title.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Agricultural Act of 1961
Pub. L. 87–128 title III § 381E · 75 Stat. 294
Enacted · 7 U.S.C. § 2009d
Pub. L. 87–128, title III, § 381E, as added Pub. L. 104–127, title VII, § 761, Apr. 4, 1996, 110 Stat. 1140
Source evidence
Code source credit
Pub. L. 87–128, title III, § 381E, as added Pub. L. 104–127, title VII, § 761, Apr. 4, 1996, 110 Stat. 1140Pub. L. 105–86 title III · 111 Stat. 2079
Inserted · 7 U.S.C. § 2009d(d)(3)(B)
Pub. L. 105–86 inserted “direct and” after “business and industry”
Source evidence
Code amendment note
Subsec. (d)(3)(B). Pub. L. 105–86 inserted “direct and” after “business and industry”.Enacted provision · exact public law
TITLE III RURAL ECONOMIC AND COMMUNITY DEVELOPMENT PROGRAMS Office of the Under Secretary for Rural Development For necessary salaries and expenses of the Office of the Under Secretary for Rural Development to administer programs under the laws enacted by the Congress for the Rural Housing Service, the Rural Business-Cooperative Service, and the Rural Utilities Service of the Department of Agriculture, $588,000. rural community advancement program (including transfers of funds) For the cost of direct loans, loan guarantees, and grants, as authorized by 7 U.S.C. 1926, 1926a, 1926c, and 1932, except for sections 381E–H, 381N, and 3810 of the Consolidated Farm and Rural Development Act (7 U.S.C. 2009f), $652,197,000, to remain available until expended, of which $27,062,000 shall be for rural community programs described in section 381E(d)(1) of the Consolidated Farm and Rural Development Act; of which $577,242,000 shall be for the rural utilities programs described in section 381E(d)(2) of such Act; and of which $47,893,000 shall be for the rural business and cooperative development programs described in section 381E(d)(3) of such Act: Provided, That section 381E(d)(3)(B) of such Act is amended by inserting after the phrase “business and industry”, the words “direct and”: Provided further, That of the amount appropriated for the rural business and cooperative development programs, not to exceed $500,000 shall be made available for a grant to a qualified national organization to provide technical assistance for rural transportation in order to promote economic development: Provided further, That of the amount appropriated for rural utilities programs, not to exceed $20,000,000 shall be for water and waste disposal systems to benefit the Colonias along the United States/Mexico border, including grants pursuant to section 306C of such Act; not to exceed $15,000,000 shall be for water and waste disposal systems for rural and native villages in Alaska pursuant to section 306D of such Act; not to exceed $15,000,000 shall be for technical assistance grants for rural waste systems pursuant to section 306(a)(14) of such Act; and not to exceed $5,200,000 shall be for contracting with qualified national organizations for a circuit rider program to provide technical assistance for rural water systems: Provided further, That of the total amounts appropriated, not to exceed $20,048,000 shall be available through June 30, 1998, for empowerment zones and enterprise communities, as authorized by Public Law 103–66, of which $1,200,000 shall be for rural community programs described in section 381E(d)(1) of such Act; of which $18,700,000 shall be for the rural utilities programs described in section 381E(d)(2) of such Act; of which $148,000 shall be for the rural business and cooperative development programs described in section 381E(d)(3) of such Act: Provided further, That any obligated and unobligated balances available for prior years for the “Rural Water and Waste Disposal Grants”, “Rural Water and Waste Disposal Loans Program Account”, “Emergency Community Water Assistance Grants”, “Solid Waste Management Grants”, the community facility grant program in the “Rural Housing Assistance Program Account”, “Community Facility Loans Program Account”, “Rural Business Enterprise Grants”, “Rural Business and Industry Loans Program Account”, and “Local Technical Assistance and Planning Grants” shall be transferred to and merged with this account. Rural Housing Service rural housing insurance fund program account (including transfers of funds) For gross obligations for the principal amount of direct and guaranteed loans as authorized by title V of the Housing Act of 1949, to be available from funds in the rural housing insurance fund, as follows: $4,000,000,000 for loans to section 502 borrowers, as determined by the Secretary, of which $3,000,000,000 shall be for unsubsidized guaranteed loans; $30,000,000 for section 504 housing repair loans; $19,700,000 for section 538 guaranteed multi-family housing loans; $15,000,000 for section 514 farm labor housing; $128,640,000 for section 515 rental housing; $600,000 for section 524 site loans; $25,000,000 for credit sales of acquired property; and $587,000 for section 523 self-help housing land development loans. For the cost of direct and guaranteed loans, including the cost of modifying loans, as defined in section 502 of the Congressional Budget Act of 1974, as follows: section 502 loans, $135,000,000, of which $6,900,000 shall be for unsubsidized guaranteed loans; section 504 housing repair loans, $10,300,000; section 538 multi-family housing guaranteed loans, $1,200,000; section 514 farm labor housing, $7,388,000; section 515 rental housing, $68,745,000; credit sales of acquired property, $3,492,000; and section 523 self-help housing land development loans, $17,000. In addition, for administrative expenses necessary to carry out the direct and guaranteed loan programs, $354,785,000, which shall be transferred to and merged with the appropriation for “Rural Housing Service—Salaries and Expenses”. rental assistance program For rental assistance agreements entered into or renewed pursuant to the authority under section 521(a)(2) or agreements entered into in lieu of debt forgiveness or payments for eligible households as authorized by section 502(c)(5)(D) of the Housing Act of 1949, $541,397,000; and in addition such sums as may be necessary, as authorized by section 521(c) of the Act, to liquidate debt incurred prior to fiscal year 1992 to carry out the rental assistance program under section 521(a)(2) of the Act: Provided, That of this amount not more than $5,900,000 shall be available for debt forgiveness or payments for eligible households as authorized by section 502(c)(5)(D) of the Act, and not to exceed $10,000 per project for advances to nonprofit organizations or public agencies to cover direct costs (other than purchase price) incurred in purchasing projects pursuant to section 502(c)(5)(C) of the Act: Provided further, That agreements entered into or renewed during fiscal year 1998 shall be funded for a five-year period, although the life of any such agreement may be extended to fully utilize amounts obligated. mutual and self-help housing grants For grants and contracts pursuant to section 523(b)(1)(A) of the Housing Act of 1949 (42 U.S.C. 1490c), $26,000,000, to remain available until expended (7 U.S.C. 2209b). rural community fire protection grants For grants pursuant to section 7 of the Cooperative Forestry Assistance Act of 1978 (Public Law 95–313), $2,000,000 to fund up to 50 percent of the cost of organizing, training, and equipping rural volunteer fire departments. rural housing assistance grants (including transfers of funds) For grants and contracts for housing for domestic farm labor, very low-income housing repair, supervisory and technical assistance, compensation for construction defects, and rural housing preservation made by the Rural Housing Service as authorized by 42 U.S.C. 1474, 1479(c), 1486, 1490c, 1490e, and 1490m, $45,720,000, to remain available until expended: Provided, That any obligated and unobligated balances available from prior years in “Rural Housing for Domestic Farm Labor”, “Supervisory and Technical Assistance Grants”, “Very Low-Income Housing Repair Grants”, “Compensation for Construction Defects”, and “Rural Housing Preservation Grants” shall be transferred to and merged with this account: Provided further, That of the total amount appropriated, $1,200,000 shall be for empowerment zones and enterprise communities, as authorized by Public Law 103–66: Provided further, That if such funds are not obligated for empowerment zones and enterprise communities by June 30, 1998, they shall remain available for other authorized purposes under this head. salaries and expenses For necessary expenses of the Rural Housing Service, including administering the programs authorized by the Consolidated Farm and Rural Development Act, title V of the Housing Act of 1949, and cooperative agreements, $58,804,000: Provided, That this appropriation shall be available for employment pursuant to the second sentence of section 706(a) of the Organic Act of 1944 (7 U.S.C. 2225), and not to exceed $520,000 may be used for employment under 5 U.S.C. 3109. Rural Business-Cooperative Service rural development loan fund program account (including transfers of funds) For the cost of direct loans, $16,888,000, as authorized by the Rural Development Loan Fund (42 U.S.C. 9812(a)): Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974: Provided further, That these funds are available to subsidize gross obligations for the principal amount of direct loans of $35,000,000: Provided further, That through June 30, 1998, of the total amount appropriated, $3,345,000 shall be available for the cost of direct loans for empowerment zones and enterprise communities, as authorized by title XIII of the Omnibus Budget Reconciliation Act of 1993, to subsidize gross obligations for the principal amount of direct loans, $7,246,000. In addition, for administrative expenses to carry out the direct loan programs, $3,482,000 shall be transferred to and merged with the appropriation for “Rural Business-Cooperative Service-Salaries and Expenses”. rural economic development loans program account (including transfers of funds) For the principal amount of direct loans, as authorized under section 313 of the Rural Electrification Act, for the purpose of promoting rural economic development and job creation projects, $25,000,000. For the cost of direct loans, including the cost of modifying loans as defined in section 502 of the Congressional Budget Act of 1974, $5,978,000. Of the funds derived from interest on the cushion of credit payments in fiscal year 1998, as authorized by section 313 of the Rural Electrification Act of 1936, $5,978,000 shall not be obligated and $5,978,000 are rescinded. alternative agricultural research and commercialization revolving fund For necessary expenses to carry out the Alternative Agricultural Research and Commercialization Act of 1990 (7 U.S.C. 5901–5908), $7,000,000 are appropriated to the Alternative Agricultural Research and Commercialization Corporation Revolving Fund. rural cooperative development grants For rural cooperative development grants authorized under section 310B(e) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1932), $3,000,000, of which up to $1,300,000 may be available for cooperative agreements for the appropriate technology transfer for rural areas program. salaries and expenses For necessary expenses of the Rural Business-Cooperative Service, including administering the programs authorized by the Consolidated Farm and Rural Development Act; section 1323 of the Food Security Act of 1985; the Cooperative Marketing Act of 1926; for activities relating to the marketing aspects of cooperatives, including economic research findings, as authorized by the Agricultural Marketing Act of 1946; for activities with institutions concerning the development and operation of agricultural cooperatives; and for cooperative agreements; $25,680,000: Provided, That this appropriation shall be available for employment pursuant to the second sentence of section 706(a) of the Organic Act of 1944 (7 U.S.C. 2225), and not to exceed $260,000 may be used for employment under 5 U.S.C. 3109. Rural Utilities Service rural electrification and telecommunications loans program account (including transfers of funds) Insured loans pursuant to the authority of section 305 of the Rural Electrification Act of 1936 (7 U.S.C. 935), shall be made as follows: 5 percent rural electrification loans, $125,000,000; 5 percent rural telecommunications loans, $75,000,000; cost of money rural telecommunications loans, $300,000,000; municipal rate rural electric loans, $500,000,000; and loans made pursuant to section 306 of that Act, rural electric, $300,000,000 and rural telecommunications, $120,000,000, to remain available until expended. For the cost, as defined in section 502 of the Congressional Budget Act of 1974, including the cost of modifying loans, of direct and guaranteed loans authorized by the Rural Electrification Act of 1936 (7 U.S.C. 935 and 936), as follows: cost of direct loans, $12,265,000; cost of municipal rate loans, $21,100,000; cost of money rural telecommunications loans, $60,000; cost of loans guaranteed pursuant to section 306, $2,760,000: Provided, That notwithstanding section 305(d)(2) of the Rural Electrification Act of 1936, borrower interest rates may exceed 7 percent per year. In addition, for administrative expenses necessary to carry out the direct and guaranteed loan programs, $29,982,000, which shall be transferred to and merged with the appropriation for “Rural Utilities Service—Salaries and Expenses”. rural telephone bank program account (including transfers of funds) The Rural Telephone Bank is hereby authorized to make such expenditures, within the limits of funds available to such corporation in accord with law, and to make such contracts and commitments without regard to fiscal year limitations as provided by section 104 of the Government Corporation Control Act, as may be necessary in carrying out its authorized programs for the current fiscal year. During fiscal year 1998 and within the resources and authority available, gross obligations for the principal amount of direct loans shall be $175,000,000. For the cost, as defined in section 502 of the Congressional Budget Act of 1974, including the cost of modifying loans, of direct loans authorized by the Rural Electrification Act of 1936 (7 U.S.C. 935), $3,710,000. In addition, for administrative expenses necessary to carry out the loan programs, $3,000,000, which shall be transferred to and merged with the appropriation for “Rural Utilities Service—Salaries and Expenses”. distance learning and medical link program For the cost of direct loans and grants, as authorized by 7 U.S.C. 950aaa et seq., $12,530,000, to remain available until expended, to be available for loans and grants for telemedicine and distance learning services in rural areas: Provided, That the costs of direct loans shall be as defined in section 502 of the Congressional Budget Act of 1974. salaries and expenses For necessary expenses of the Rural Utilities Service, including administering the programs authorized by the Rural Electrification Act of 1936, and the Consolidated Farm and Rural Development Act, and for cooperative agreements, $33,000,000: Provided, That this appropriation shall be available for employment pursuant to the second sentence of section 706(a) of the Organic Act of 1944 (7 U.S.C. 2225), and not to exceed $105,000 may be used for employment under 5 U.S.C. 3109.Grain Standards and Warehouse Improvement Act of 2000
Pub. L. 106–472 § 305(b) · 114 Stat. 2058
Substituted · 7 U.S.C. § 2009d(d)(1)(B)
Pub. L. 106–472, § 305(b), substituted “paragraph (19), (20), or (21)” for “paragraph (19) or (20)”
Source evidence
Code amendment note
Subsec. (d)(1)(B). Pub. L. 106–472, § 305(b), substituted “paragraph (19), (20), or (21)” for “paragraph (19) or (20)”.Enacted provision · exact public law section
(b) Conforming Amendment.— Section 381E(d)(1)(B) of the Consolidated Farm and Rural Development Act (7 U.S.C. 2009d(d)(1)(B)) (as amended by section 304(b)) is amended by striking “paragraph (19) or (20)” and inserting “paragraph (19), (20), or (21)”.Grain Standards and Warehouse Improvement Act of 2000
Pub. L. 106–472 § 304(b) · 114 Stat. 2058
Substituted · 7 U.S.C. § 2009d(d)(1)(B)
Pub. L. 106–472, § 304(b), substituted “paragraph (19) or (20) of section 1926(a)” for “section 1926(a)(19)”
Target inherited from the preceding amendment note.
Source evidence
Code amendment note
Pub. L. 106–472, § 304(b), substituted “paragraph (19) or (20) of section 1926(a)” for “section 1926(a)(19)”.Enacted provision · exact public law section
(b) Conforming Amendment.— Section 381E(d)(1)(B) of the Consolidated Farm and Rural Development Act (7 U.S.C. 2009d(d)(1)(B)) is amended by striking “section 306(a)(19)” and inserting “paragraph (19) or (20) of section 306(a)”.Pub. L. 107–171 § 6026(a)(1) · 116 Stat. 134
Redesignated · 7 U.S.C. § 2009d(b)(4); 7 U.S.C. § 2009d(b)(5)
Pub. L. 107–171, § 6026(a)(1), redesignated par. (5) as (4)
Struck · 7 U.S.C. § 2009d(b)(4); 7 U.S.C. § 2009d(b)(5)
Pub. L. 107–171, § 6026(a)(1), struck out former par. (4) which read as follows: “The national reserve account.”
Source evidence
Code amendment note
Subsec. (b)(4), (5). Pub. L. 107–171, § 6026(a)(1), redesignated par. (5) as (4) and struck out former par. (4) which read as follows: “The national reserve account.”Enacted provision · exact public law section
(1) in subsection (b)— (A) by striking paragraph (4); and (B) by redesignating paragraph (5) as paragraph (4);Pub. L. 107–171 § 6026(a)(2) · 116 Stat. 134
Redesignated · 7 U.S.C. § 2009d(e)
Pub. L. 107–171, § 6026(a)(2), (3), redesignated subsec. (f) as (e)
Struck · 7 U.S.C. § 2009d(e)
Pub. L. 107–171, § 6026(a)(2), (3), struck out heading and text of former subsec. (e) which related to national reserve account
Source evidence
Code amendment note
Subsec. (e). Pub. L. 107–171, § 6026(a)(2), (3), redesignated subsec. (f) as (e) and struck out heading and text of former subsec. (e) which related to national reserve account.Enacted provision · exact public law section
(2) by striking subsection (e);Pub. L. 107–171 § 6026(a)(3) · 116 Stat. 134
Redesignated · 7 U.S.C. § 2009d(f)
Pub. L. 107–171, § 6026(a)(3), redesignated subsec. (g) as (f). Former subsec. (f) redesignated (e)
Source evidence
Code amendment note
Subsec. (f). Pub. L. 107–171, § 6026(a)(3), redesignated subsec. (g) as (f). Former subsec. (f) redesignated (e).Enacted provision · exact public law section
(3) by redesignating subsections (f) through (h) as subsections (e) through (g), respectively; andPub. L. 107–171 § 6026(a)(3) · 116 Stat. 134
Redesignated · 7 U.S.C. § 2009d(g); 7 U.S.C. § 2009d(h)
Pub. L. 107–171, § 6026(a)(3), (4), redesignated subsec. (h) as (g)
Redesignated · 7 U.S.C. § 2009d(g); 7 U.S.C. § 2009d(h)
Pub. L. 107–171, § 6026(a)(3), (4), substituted “subsection (f)” for “subsection (g) of this section”. Former subsec. (g) redesignated (f)
Source evidence
Code amendment note
Subsecs. (g), (h). Pub. L. 107–171, § 6026(a)(3), (4), redesignated subsec. (h) as (g) and substituted “subsection (f)” for “subsection (g) of this section”. Former subsec. (g) redesignated (f).Enacted provision · exact public law section
(3) by redesignating subsections (f) through (h) as subsections (e) through (g), respectively; andFood, Conservation, and Energy Act of 2008
Pub. L. 110–246 § 6012(b)(4) · 122 Stat. 1651
Substituted · 7 U.S.C. § 2009d(d)(3)(B)
Pub. L. 110–246, § 6012(b)(4), substituted “1932(a)(2)(A)” for “1932(a)(1)”
Source evidence
Code amendment note
Subsec. (d)(3)(B). Pub. L. 110–246, § 6012(b)(4), substituted “1932(a)(2)(A)” for “1932(a)(1)”.Enacted provision · exact public law section
(4) Section 381E(d)(3)(B) of the Consolidated Farm and Rural Development Act (7 U.S.C. 2009d(d)(3)(B)) is amended by striking “section 310B(a)(1)” and inserting “section 310B(a)(2)(A)”.Agriculture Improvement Act of 2018
Pub. L. 115–334 title VI § 6701(e)(1) · 132 Stat. 4490
Redesignated · 7 U.S.C. § 2009d(d)(3)
Pub. L. 115–334 redesignated subpars. (B) and (C) as (A) and (B), respectively
Struck · 7 U.S.C. § 2009d(d)(3)
Pub. L. 115–334 struck out former subpar. (A) which read as follows: “rural business opportunity grants under section 1926(a)(11)(A) of this title;”
Source evidence
Code amendment note
Subsec. (d)(3). Pub. L. 115–334 redesignated subpars. (B) and (C) as (A) and (B), respectively, and struck out former subpar. (A) which read as follows: “rural business opportunity grants under section 1926(a)(11)(A) of this title;”.Enacted provision · exact public law section
(1) Section 381E(d)(3) of the Consolidated Farm and Rural Development Act (7 U.S.C. 2009d(d)(3)) is amended by striking subparagraph (A) and redesignating subparagraphs (B) and (C) as subparagraphs (A) and (B), respectively.Effective date note
Pub. L. 115–334, title VI, § 6701(e)(2), Dec. 20, 2018, 132 Stat. 4778, provided that: “The amendment made by paragraph (1) [amending this section] shall take effect as if included in the enactment of section 6012(b) of the Agricultural Act of 2014 (Public Law 113–79).”
12 of 14 references resolved to an enrolled provision · 2 partial
Editorial Notes
Codification
Pub. L. 110–234 and Pub. L. 110–246 made identical amendments to this section. The amendments by Pub. L. 110–234 were repealed by section 4(a) of Pub. L. 110–246.
Amendments1997–2018 · 5 rounds
2018
Subsec. (d)(3). Pub. L. 115–334 redesignated subpars. (B) and (C) as (A) and (B), respectively, and struck out former subpar. (A) which read as follows: “rural business opportunity grants under section 1926(a)(11)(A) of this title;”.
2008
Subsec. (d)(3)(B). Pub. L. 110–246, § 6012(b)(4), substituted “1932(a)(2)(A)” for “1932(a)(1)”.
2002
Subsec. (b)(4), (5). Pub. L. 107–171, § 6026(a)(1), redesignated par. (5) as (4) and struck out former par. (4) which read as follows: “The national reserve account.”
Subsec. (e). Pub. L. 107–171, § 6026(a)(2), (3), redesignated subsec. (f) as (e) and struck out heading and text of former subsec. (e) which related to national reserve account.
Subsec. (f). Pub. L. 107–171, § 6026(a)(3), redesignated subsec. (g) as (f). Former subsec. (f) redesignated (e).
Subsecs. (g), (h). Pub. L. 107–171, § 6026(a)(3), (4), redesignated subsec. (h) as (g) and substituted “subsection (f)” for “subsection (g) of this section”. Former subsec. (g) redesignated (f).
2000
Subsec. (d)(1)(B). Pub. L. 106–472, § 305(b), substituted “paragraph (19), (20), or (21)” for “paragraph (19) or (20)”.
Pub. L. 106–472, § 304(b), substituted “paragraph (19) or (20) of section 1926(a)” for “section 1926(a)(19)”.
1997
Subsec. (d)(3)(B). Pub. L. 105–86 inserted “direct and” after “business and industry”.
Statutory Notes and Related Subsidiaries
Effective Date of 2018 Amendment
Pub. L. 115–334, title VI, § 6701(e)(2), , 132 Stat. 4778, provided that: “The amendment made by paragraph (1) [amending this section] shall take effect as if included in the enactment of section 6012(b) of the Agricultural Act of 2014 (Public Law 113–79).”
Effective Date of 2008 Amendment
Amendment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective , the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as an Effective Date note under section 8701 of this title.
Transfer of Account Balances
Pub. L. 112–55, div. A, title VII, § 747, , 125 Stat. 590, provided that:
“For 2012 and subsequent fiscal years—
“(1) Any balances to carry out a housing demonstration program to provide revolving loans for the preservation of low-income multi-family housing projects as authorized in Public Law 108–447 and Public Law 109–97 and a demonstration program for the preservation and revitalization of the section 515 multi-family rental housing properties as authorized by Public Law 109–97 and Public Law 110–5 shall be transferred to and merged with the ‘Rural Housing Service, Multi-family Housing Revitalization Program Account’;
“(2) Any prior balances in the Rural Development, Rural Community Advancement Program account for programs authorized by section 306 [7 U.S.C. 1926] and described in section 381E(d)(1) [7 U.S.C. 2009d(d)(1)] of such Act [probably means title III of Pub. L. 87–128, known as the Consolidated Farm and Rural Development Act, which is classified principally to this chapter] be transferred and merged with the ‘Rural Community Facilities Program Account’ and any other prior balances from the Rural Development, Rural Community Advancement Program account that the Secretary determines are appropriate to transfer;
“(3) Any prior balances in the Rural Development, Rural Community Advancement Program account for programs authorized by sections 306 and 310B [7 U.S.C. 1926, 1932] and described in sections 310B(f) and 381E(d)(3) of such Act be transferred and merged with the ‘Rural Business Program Account’ and any other prior balances from the Rural Development, Rural Community Advancement Program account that the Secretary determines are appropriate to transfer; and
“(4) Any prior balances in the Rural Development, Rural Community Advancement Program account programs authorized by sections 306, 306A, 306C, 306D, 306E, and 310B [7 U.S.C. 1926, 1926a, 1926c, 1926d, 1926e, 1932] and described in sections 306C(a)(2), 306D, 306E, and 381E(d)(2) of such Act be transferred to and merged with the ‘Rural Water and Waste Disposal Program Account’ and any other prior balances from the Rural Development, Rural Community Advancement Program account that the Secretary determines are appropriate to transfer.”
Credits
1996–2018 · 7 acts
- 1996Pub. L. 87–128, title III, § 381E, as added Pub. L. 104–127, title VII, § 761, , 110 Stat. 1140
- 1997amended Pub. L. 105–86, title III, , 111 Stat. 2094
- 2000Pub. L. 106–472, title III, §§ 304(b), 305(b), , 114 Stat. 2071
- 2002Pub. L. 107–171, title VI, § 6026(a), , 116 Stat. 372
- 2008Pub. L. 110–234, title VI, § 6012(b)(4), , 122 Stat. 1165
- 2008Pub. L. 110–246, § 4(a), title VI, § 6012(b)(4), , 122 Stat. 1664, 1927
- 2018Pub. L. 115–334, title VI, § 6701(e)(1), , 132 Stat. 4778.
Show as published
(Pub. L. 87–128, title III, § 381E, as added Pub. L. 104–127, title VII, § 761, , 110 Stat. 1140; amended Pub. L. 105–86, title III, , 111 Stat. 2094; Pub. L. 106–472, title III, §§ 304(b), 305(b), , 114 Stat. 2071; Pub. L. 107–171, title VI, § 6026(a), , 116 Stat. 372; Pub. L. 110–234, title VI, § 6012(b)(4), , 122 Stat. 1165; Pub. L. 110–246, § 4(a), title VI, § 6012(b)(4), , 122 Stat. 1664, 1927; Pub. L. 115–334, title VI, § 6701(e)(1), , 132 Stat. 4778.)