2015 US Code
Title 7 - Agriculture (Sections 1 - 9097)
Chapter 50 - Agricultural Credit (Sections 1921 - 2009ee-3)
Subchapter I - Real Estate Loans (Sections 1922 - 1936b)
Sec. 1936b - Intermediary relending program
| Publication Title | United States Code, 2012 Edition, Supplement 3, 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 I - REAL ESTATE LOANS Sec. 1936b - Intermediary relending program |
| Contains | section 1936b |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 87-128, title III, §310H, as added Pub. L. 113-79, title VI, §6017(a), Feb. 7, 2014, 128 Stat. 845. |
| Statutes at Large Reference | 128 Stat. 845 |
| Public and Private Law | Public Law 87-128, Public Law 113-79 |
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The Secretary may make or guarantee loans to eligible entities described in subsection (b) so that the eligible entities may relend the funds to individuals and entities for the purposes described in subsection (c).
(b) Eligible entitiesEntities eligible for loans and loan guarantees described in subsection (a) are—
(1) public agencies;
(2) Indian tribes;
(3) cooperatives; and
(4) nonprofit corporations.
(c) Eligible purposesThe proceeds from loans made or guaranteed by the Secretary pursuant to subsection (a) may be relent by eligible entities for projects that—
(1) predominately serve communities in rural areas; and
(2) as determined by the Secretary—
(A) promote community development;
(B) establish new businesses;
(C) establish and support microlending programs; and
(D) create or retain employment opportunities.
(d) LimitationThe Secretary shall not make loans under section 9812(a) of title 42.
(e) Authorization of appropriationsThere is authorized to be appropriated to carry out this subsection $25,000,000 for each of fiscal years 2014 through 2018.
(Pub. L. 87–128, title III, §310H, as added Pub. L. 113–79, title VI, §6017(a), Feb. 7, 2014, 128 Stat. 845.)
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