678 
‘‘(bb) are seeking a loan 
from the microenterprise develop-
ment organization under sub-
paragraph (B)(iii). 
‘‘(II) 
MAXIMUM
AMOUNT
OF 
TECHNICAL ASSISTANCE GRANT.—The 
maximum amount of a grant under 
this clause shall be in an amount 
equal to not more than 25 percent of 
the total outstanding balance of 
microloans made by the microenter-
prise development organization under 
clause (iii), as of the date the grant is 
awarded. 
‘‘(vi) ADMINISTRATIVE
EXPENSES.— 
Not more than 10 percent of a grant re-
ceived by a microenterprise development 
organization for a fiscal year under this 
subparagraph may be used to pay adminis-
trative expenses. 
‘‘(C) ADMINISTRATION.— 
‘‘(i) MATCHING REQUIREMENT.—As a 
condition of any grant made under clauses 
(iv) and (v) of subparagraph (B), the Sec-
retary shall require the microenterprise de-
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velopment organization to match not less 
than 15 percent of the total amount of the 
grant in the form of matching funds (in-
cluding 
community 
development 
block 
grants), indirect costs, or in-kind goods or 
services. 
‘‘(ii) OVERSIGHT.—At a minimum, 
not later than December 1 of each fiscal 
year, a microenterprise development orga-
nization that receives a loan or grant 
under this section shall provide to the Sec-
retary such information as the Secretary 
may require to ensure that assistance pro-
vided under this section is used for the 
purposes for which the loan or grant was 
made. 
‘‘(D) 
AUTHORIZATION
OF
APPROPRIA-
TIONS.—There is authorized to be appropriated 
to carry out this paragraph $40,000,000 for 
each of fiscal years 2014 through 2018. 
‘‘(E) MANDATORY
FUNDING
FOR
FISCAL 
YEARS 2014 THROUGH 2018.—Of the funds of 
the Commodity Credit Corporation, the Sec-
retary shall use to carry out this paragraph 
$3,000,000 for each of fiscal years 2014 
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through 2018, to remain available until ex-
pended. 
‘‘SEC. 3602. RURAL BUSINESS INVESTMENT PROGRAM. 
‘‘(a) DEFINITIONS.—In this section: 
‘‘(1) ARTICLES.—The term ‘articles’ means ar-
ticles of incorporation for an incorporated body or 
the functional equivalent or other similar documents 
specified by the Secretary for other business entities. 
‘‘(2) DEVELOPMENTAL
VENTURE
CAPITAL.— 
The term ‘developmental venture capital’ means cap-
ital in the form of equity capital investments in rural 
business investment companies with an objective of 
fostering economic development in rural areas. 
‘‘(3) EMPLOYEE
WELFARE
BENEFIT
PLAN; 
PENSION PLAN.— 
‘‘(A) IN GENERAL.—The terms ‘employee 
welfare benefit plan’ and ‘pension plan’ have 
the meanings given the terms in section 3 of 
the Employee Retirement Income Security Act 
of 1974 (29 U.S.C. 1002). 
‘‘(B) INCLUSIONS.—The terms ‘employee 
welfare benefit plan’ and ‘pension plan’ in-
clude— 
‘‘(i) public and private pension or re-
tirement plans subject to this subtitle; and 
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‘‘(ii) similar plans not covered by this 
subtitle that have been established, and 
that are maintained, by the Federal Gov-
ernment or any State (including by a polit-
ical subdivision, agency, or instrumentality 
of the Federal Government or a State) for 
the benefit of employees. 
‘‘(4) EQUITY CAPITAL.—The term ‘equity cap-
ital’ means common or preferred stock or a similar 
instrument, including subordinated debt with equity 
features. 
‘‘(5) LEVERAGE.—The term ‘leverage’ in-
cludes— 
‘‘(A) debentures purchased or guaranteed 
by the Secretary; 
‘‘(B) participating securities purchased or 
guaranteed by the Secretary; and 
‘‘(C) preferred securities outstanding as of 
the date of enactment of the Agriculture Re-
form, Food, and Jobs Act of 2013. 
‘‘(6) LICENSE.—The term ‘license’ means a li-
cense issued by the Secretary in accordance with in 
subsection (d)(5). 
‘‘(7) LIMITED LIABILITY COMPANY.—The term 
‘limited liability company’ means a business entity 
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that is organized and operating in accordance with 
a State limited liability company law approved by 
the Secretary. 
‘‘(8) MEMBER.—The term ‘member’ means, 
with respect to a rural business investment company 
that is a limited liability company, a holder of an 
ownership interest, or a person otherwise admitted 
to membership in the limited liability company. 
‘‘(9) OPERATIONAL
ASSISTANCE.—The term 
‘operational assistance’ means management, mar-
keting, and other technical assistance that assists a 
rural business concern with business development. 
‘‘(10) PARTICIPATION AGREEMENT.—The term 
‘participation agreement’ means an agreement, be-
tween the Secretary and a rural business investment 
company granted final approval under subsection 
(d)(5), that requires the rural business investment 
company to make investments in smaller enterprises 
in rural areas. 
‘‘(11) PRIVATE CAPITAL.— 
‘‘(A) IN GENERAL.—The term ‘private cap-
ital’ means the total of— 
‘‘(i)(I) the paid-in capital and paid-in 
surplus of a corporate rural business in-
vestment company; 
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