§ 6616. Loans to economically disadvantaged rural communities

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.

1. 1990

   National Forest-Dependent Rural Communities Economic Diversification Act of 1990

   Pub. L. 101–624 title XXIII § 2378 · 104 Stat. 3359

   Enacted · 7 U.S.C. § 6616

   Pub. L. 101–624, title XXIII, § 2378, Nov. 28, 1990, 104 Stat. 4048

   Source evidence

   Code source credit
   Pub. L. 101–624, title XXIII, § 2378, Nov. 28, 1990, 104 Stat. 4048

   Enacted provision · exact public law section
   SEC. 2378. LOANS TO ECONOMICALLY DISADVANTAGED RURAL COMMUNITIES. (a) In General.— The Secretary, under such terms and conditions as the Secretary shall establish, may make loans to economically disadvantaged rural communities for the purposes of securing technical assistance and services to aid in the development and implementation of action plans, including planning for— (1) improving existing facilities in the community that may generate employment or revenue; (2) expanding existing infrastructure, facilities, and services to capitalize on opportunities to diversify economies now dependent on national forest resources; and (3) supporting the development of new industries or commercial ventures unrelated to national forest resources. (b) Interest Rates.— The interest rates on a loan made pursuant to this section shall be as determined by the Secretary, but not in excess of the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the maturity of such loan, plus not to exceed 1 percent, as determined by the Secretary, and rounded to the nearest one-eighth of 1 percent.

2. 1999

   District of Columbia Appropriations Act, 2000

   Pub. L. 106–113 div. B § 1000(a)(3)(tIII)(s345)(f) · 113 Stat. 1501

   Substituted · 7 U.S.C. § 6616(a)(2); 7 U.S.C. § 6616(a)(3)

   Pub. L. 106–113 substituted “National Forest System land resources” for “national forest resources”

   Source evidence

   Code amendment note
   Subsec. (a)(2), (3). Pub. L. 106–113 substituted “National Forest System land resources” for “national forest resources”.

1 of 2 references resolved to an enrolled provision · 1 partial