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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9560 Introduced in House (IH)]

<DOC>

118th CONGRESS
  2d Session
                                H. R. 9560

To amend the Consolidated Farm and Rural Development Act to provide for 
  administrative costs with respect to the Heirs' Property Relending 
                    Program, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                           September 12, 2024

Ms. Crockett (for herself and Ms. Adams) introduced the following bill; 
           which was referred to the Committee on Agriculture

_______________________________________________________________________

                                 A BILL

 
To amend the Consolidated Farm and Rural Development Act to provide for 
  administrative costs with respect to the Heirs' Property Relending 
                    Program, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Heirs' Property Relending Program 
Progress Act of 2024'' or the ``HPRP Progress Act of 2024''.

SEC. 2. USE OF LOAN FUNDS TO COVER ADMINISTRATIVE COSTS.

    Section 310I of the Consolidated Farm and Rural Development Act (7 
U.S.C. 1936c) is amended--
            (1) in subsection (a), by striking ``relend the funds to 
        individuals and entities'' and inserting ``use the funds'';
            (2) by amending subsection (c) to read as follows:
    ``(c) Eligible Purposes.--An eligible entity that receives a loan 
made by the Secretary pursuant to subsection (a)--
            ``(1) shall relend the proceeds from the loan for projects 
        that assist heirs with undivided ownership interests to resolve 
        ownership and succession on farmland that has multiple owners; 
        and
            ``(2) may use not more than 30 percent of the amount of the 
        loan to pay administrative costs of relending the proceeds.''; 
        and
            (3) in subsection (e), by adding at the end the following:
            ``(4) The Secretary may forgive, as the Secretary deems 
        appropriate, the amounts of a loan used to pay administrative 
        costs of relending the proceeds from the loan.''.

SEC. 3. EXTENSION OF AUTHORIZATION.

    Section 310I(g) of the Consolidated Farm and Rural Development Act 
(7 U.S.C. 1936c(g)) is amended--
            (1) by striking ``$10,000,000'' and inserting 
        ``$60,000,000'';
            (2) by striking ``2019'' and inserting ``2025''; and
            (3) by striking ``2023'' and inserting ``2029, to remain 
        available until expended''.

SEC. 4. REPORT.

    Not later than 1 year after the date of the enactment of this Act, 
the Secretary shall submit to the Committee on Agriculture of the House 
of Representatives and the Committee on Agriculture, Nutrition, and 
Forestry of the Senate a report describing the operation and outcomes 
of the program under section 310I of the Consolidated Farm and Rural 
Development Act, with recommendations on how to strengthen the program.
                                 <all>
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