7 USC 2009cc-7 - Operational assistance grants

U.S Code last checked for updates: Nov 22, 2024

§ 2009cc–7.

Operational assistance grants

(a)

In general

(b)

Terms

(c)

Use of funds

(d)

Submission of plans

(e)

Grant amount

(1)

Rural business investment companies

The amount of a grant made under this section to a rural business investment company shall be equal to the lesser of—

(A)

10 percent of the private capital raised by the rural business investment company; or

(B)

$1,000,000.

(2)

Other entities

(Pub. L. 87–128, title III, § 384H, as added Pub. L. 107–171, title VI, § 6029, May 13, 2002, 116 Stat. 395.)

cite as: 7 USC 2009cc-7