7 USC 2009d - Rural Development Trust Fund

U.S Code last checked for updates: Nov 23, 2024

§ 2009d.

Rural Development Trust Fund

(a)

Establishment

(b)

Accounts

There are established in the Trust Fund the following accounts:

(1)

The rural community facilities account.

(2)

The rural utilities account.

(3)

The rural business and cooperative development account.

(4)

The federally recognized Indian tribe account.

(c)

Deposits into accounts

Notwithstanding any other provision of law, each fiscal year—

(1)

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;

(2)

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

(3)

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.

(d)

Function categories

The function categories described in this subsection are the following:

(1)

Rural community facilities

The rural community development category consists of all amounts made available for—

(A)

community facility direct and guaranteed loans under section 1926(a)(1) of this title; or

(B)

community facility grants under paragraph (19), (20), or (21) of section 1926(a) of this title.

(2)

Rural utilities

The rural utilities category consists of all amounts made available for—

(A)

water or waste disposal grants or direct or guaranteed loans under paragraph (1) or (2) of section 1926(a) of this title;

(B)

rural water or wastewater technical assistance and training grants under section 1926(a)(14) of this title;

(C)

emergency community water assistance grants under section 1926a of this title; or

(D)

solid waste management grants under section 1932(b) of this title.

(3)

Rural business and cooperative development

The rural business and cooperative development category consists of all amounts made available for—

(A)

business and industry direct and guaranteed loans under section 1932(a)(2)(A) of this title; or

(B)

rural business enterprise grants or rural educational network grants under section 1932(c) of this title.

(e)

Federally recognized Indian tribe account

(1)

Transfers into account

(2)

Use of funds

(f)

Allocation among States

(g)

Availability of funds allocated for States

(Pub. L. 87–128, title III, § 381E, as added Pub. L. 104–127, title VII, § 761, Apr. 4, 1996, 110 Stat. 1140; amended Pub. L. 105–86, title III, Nov. 18, 1997, 111 Stat. 2094; Pub. L. 106–472, title III, §§ 304(b), 305(b), Nov. 9, 2000, 114 Stat. 2071; Pub. L. 107–171, title VI, § 6026(a), May 13, 2002, 116 Stat. 372; Pub. L. 110–234, title VI, § 6012(b)(4), May 22, 2008, 122 Stat. 1165; Pub. L. 110–246, § 4(a), title VI, § 6012(b)(4), June 18, 2008, 122 Stat. 1664, 1927; Pub. L. 115–334, title VI, § 6701(e)(1), Dec. 20, 2018, 132 Stat. 4778.)

cite as: 7 USC 2009d