2012 US Code
Title 7 - Agriculture
Chapter 50 - AGRICULTURAL CREDIT (§§ 1921 - 2009ee-3)
Subchapter V - RURAL COMMUNITY ADVANCEMENT PROGRAM (§§ 2009 - 2009n)
Section 2009e - Transfers of funds
Publication Title | United States Code, 2012 Edition, Title 7 - AGRICULTURE |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 7 - AGRICULTURE CHAPTER 50 - AGRICULTURAL CREDIT SUBCHAPTER V - RURAL COMMUNITY ADVANCEMENT PROGRAM Sec. 2009e - Transfers of funds |
Contains | section 2009e |
Date | 2012 |
Laws in Effect as of Date | January 15, 2013 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 87-128, title III, §381F, as added Pub. L. 104-127, title VII, §761, Apr. 4, 1996, 110 Stat. 1142. |
Statutes at Large Reference | 110 Stat. 1142 |
Public Law References | Public Law 87-128, Public Law 104-127 |
Download PDF
Subject to subsection (b) of this section, the State Director 1 of any State may, during any fiscal year, transfer from each account specified in section 2009d(c) of this title a total of not more than 25 percent of the amount in the account that is allocated for the State for the fiscal year to any other account in which amounts are allocated for the State for the fiscal year.
(b) LimitationExcept as provided in subsection (c) of this section, a transfer otherwise authorized by subsection (a) of this section to be made during a fiscal year may not be made to the extent that the sum of the amount to be transferred and all amounts so transferred by State directors under subsection (a) of this section during the fiscal year exceeds 10 percent of the total amount made available to carry out the authorities described in section 2009d(d) of this title for the fiscal year.
(c) ExceptionsSubsections (a) and (b) of this section shall not apply to a transfer of funds by a State director if the State director certifies to the Secretary that—
(1) there is an approved application for a project in the function category to which the funds are to be transferred but funds are not available for the project in the function category; and
(2)(A) there is no such approved application in the function category from which the funds are to be transferred; or
(B) the community that would benefit from the project has a smaller population and a lesser per capita income than any community that would benefit from a project in the function category from which the funds are to be transferred.
(Pub. L. 87–128, title III, §381F, as added Pub. L. 104–127, title VII, §761, Apr. 4, 1996, 110 Stat. 1142.)
1 So in original. Probably should not be capitalized.
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.