7 USC 6616 - Loans to economically disadvantaged rural communities

U.S Code last checked for updates: Nov 24, 2024

§ 6616.

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 System land resources; and

(3)

supporting the development of new industries or commercial ventures unrelated to National Forest System land resources.

(b)

Interest rates

(Pub. L. 101–624, title XXIII, § 2378, Nov. 28, 1990, 104 Stat. 4048; Pub. L. 106–113, div. B, § 1000(a)(3) [title III, § 345(f)], Nov. 29, 1999, 113 Stat. 1535, 1501A–204.)

cite as: 7 USC 6616