For the cost of direct and guaranteed loans, including
the cost of modifying loans, as defined in section 502 of
the Congressional Budget Act of 1974, as follows: section
502 loans, $112,700,000, of which $2,700,000 shall be for
unsubsidized guaranteed loans; section 504 housing repair
loans, $8,808,000; section 538 multi-family housing guar-
anteed loans, $2,900,000; section 514 farm labor housing,
$10,406,000; section 515 rental housing, $48,250,000;
section 524 site loans, $17,000; credit sales of acquired
property, $3,492,000, of which up to $2,416,000 may be
for multi-family credit sales; and section 523 self-help
housing land development loans, $282,000.
In addition, for administrative expenses necessary to
carry out the direct and guaranteed loan programs,
$354,785,000, which shall be transferred to and merged
with the appropriation for ‘‘Rural Housing Service—Sala-
ries and Expenses’’.
RENTAL ASSISTANCE PROGRAM
For rental assistance agreements entered into or re-
newed pursuant to the authority under section 521(a)(2)
or agreements entered into in lieu of debt forgiveness or
payments for eligible households as authorized by section
502(c)(5)(D) of the Housing Act of 1949, as amended,
$583,397,000; and in addition such sums as may be nec-
essary, as authorized by section 521(c) of the Act, to liq-
uidate debt incurred prior to fiscal year 1992 to carry out
the rental assistance program under section 521(a)(2) of
the Act: Provided, That of this amount not more than
$5,900,000 shall be available for debt forgiveness or pay-
ments for eligible households as authorized by section
502(c)(5)(D) of the Act, and not to exceed $10,000 per
project for advances to nonprofit organizations or public
agencies to cover direct costs (other than purchase price)
incurred in purchasing projects pursuant to section
502(c)(5)(C) of the Act: Provided further, That agree-
ments entered into or renewed during fiscal year 1999
shall be funded for a five-year period, although the life
of any such agreement may be extended to fully utilize
amounts obligated.
MUTUAL AND SELF-HELP HOUSING GRANTS
For grants and contracts pursuant to section
523(b)(1)(A) of the Housing Act of 1949 (42 U.S.C.
1490c), $26,000,000, to remain available until expended
(7 U.S.C. 2209b).
RURAL HOUSING ASSISTANCE GRANTS
(INCLUDING TRANSFERS OF FUNDS)
For grants and contracts for housing for domestic
farm labor, very low-income housing repair, supervisory
and technical assistance, compensation for construction
defects, and rural housing preservation made by the Rural
Housing Service as authorized by 42 U.S.C. 1474,
1479(c), 1486, 1490e, and 1490m, $41,000,000, to re-
main available until expended: Provided, That of the total
amount appropriated, $1,200,000 shall be for empower-
ment zones and enterprise communities, as authorized by
Public Law 103–66: Provided further, That if such funds
are not obligated for empowerment zones and enterprise
communities by June 30, 1999, they shall remain available
for other authorized purposes under this heading.
SALARIES AND EXPENSES
For necessary expenses of the Rural Housing Service,
including administering the programs authorized by the
Consolidated Farm and Rural Development Act, title V
of the Housing Act of 1949, and cooperative agreements,
$57,958,000: Provided, That this appropriation shall be
available for employment pursuant to the second sentence
of section 706(a) of the Organic Act of 1944 (7 U.S.C.
2225), and not to exceed $520,000 may be used for em-
ployment under 5 U.S.C. 3109.
RURAL BUSINESS—COOPERATIVE SERVICE
RURAL DEVELOPMENT LOAN FUND PROGRAM ACCOUNT
(INCLUDING TRANSFERS OF FUNDS)
For the cost of direct loans, $17,622,000, as author-
ized by the Rural Development Loan Fund (42 U.S.C.
9812(a)): Provided, That such costs, including the cost of
modifying such loans, shall be as defined in section 502
of the Congressional Budget Act of 1974: Provided fur-
ther, That these funds are available to subsidize gross obli-
gations for the principal amount of direct loans of
$35,000,000: Provided further, That through June 30,
1999, of the total amount appropriated, $3,345,000 shall
be available for the cost of direct loans for empowerment
zones and enterprise communities, as authorized by title
XIII of the Omnibus Budget Reconciliation Act of 1993,
to subsidize gross obligations for the principal amount of
direct loans, $7,246,000.
In addition, for administrative expenses to carry out
the direct loan programs, $3,499,000 shall be transferred
to and merged with the appropriation for ‘‘Rural Busi-
ness—Cooperative Service—Salaries and Expenses’’.
RURAL ECONOMIC DEVELOPMENT LOANS PROGRAM
ACCOUNT
(INCLUDING TRANSFERS OF FUNDS)
For the principal amount of direct loans, as author-
ized under section 313 of the Rural Electrification Act,
for the purpose of promoting rural economic development
and job creation projects, $15,000,000.
For the cost of direct loans, including the cost of
modifying loans as defined in section 502 of the Congres-
sional Budget Act of 1974, $3,783,000.
Of the funds derived from interest on the cushion of
credit payments in fiscal year 1999, as authorized by sec-
tion 313 of the Rural Electrification Act of 1936,
$3,783,000 shall not be obligated and $3,783,000 are re-
scinded.
RURAL COOPERATIVE DEVELOPMENT GRANTS
For rural cooperative development grants authorized
under section 310B(e) of the Consolidated Farm and
Rural Development Act (7 U.S.C. 1932), $3,300,000, of
which up to $1,300,000 may be available for cooperative
agreements for the appropriate technology transfer for
rural areas program.
SALARIES AND EXPENSES
For necessary expenses of the Rural Business-Coop-
erative Service, including administering the programs au-
thorized by the Consolidated Farm and Rural Develop-
ment Act; section 1323 of the Food Security Act of 1985;
the Cooperative Marketing Act of 1926; for activities re-
lating to the marketing aspects of cooperatives, including
economic research findings, as authorized by the Agricul-
tural Marketing Act of 1946; for activities with institu-
tions concerning the development and operation of agricul-
tural cooperatives; and for cooperative agreements,
$25,680,000: Provided, That this appropriation shall be
available for employment pursuant to the second sentence
of section 706(a) of the Organic Act of 1944 (7 U.S.C.
2225), and not to exceed $260,000 may be used for em-
ployment under 5 U.S.C. 3109.
RURAL UTILITIES SERVICE
RURAL ELECTRIFICATION AND TELECOMMUNICATIONS
LOANS PROGRAM ACCOUNT
(INCLUDING TRANSFERS OF FUNDS)
Insured loans pursuant to the authority of section
305 of the Rural Electrification Act of 1936 (7 U.S.C.
935), shall be made as follows: 5 percent rural electrifica-
tion loans, $71,500,000; 5 percent rural telecommuni-
cations loans, $75,000,000; cost of money rural tele-
communications loans, $300,000,000; municipal rate rural
electric loans, $295,000,000; and loans made pursuant to
section 306 of that Act, rural electric, $700,000,000 and
rural telecommunications, $120,000,000, to remain avail-
able until expended.
For the cost, as defined in section 502 of the Con-
gressional Budget Act of 1974, including the cost of modi-
fying loans, of direct and guaranteed loans authorized by
the Rural Electrification Act of 1936 (7 U.S.C. 935 and
936), as follows: cost of direct loans, $16,667,000; cost
of municipal rate loans, $25,842,000; cost of money rural
telecommunications loans, $810,000: Provided, That not-
withstanding section 305(d)(2) of the Rural Electrifica-