H. R. 4818—22
RURAL BUSINESS—COOPERATIVE SERVICE
RURAL DEVELOPMENT LOAN FUND PROGRAM ACCOUNT
(INCLUDING TRANSFER OF FUNDS)
For the principal amount of direct loans, as authorized by
the Rural Development Loan Fund (42 U.S.C. 9812(a)), $34,213,000.
For the cost of direct loans, $15,868,000, as authorized by
the Rural Development Loan Fund (42 U.S.C. 9812(a)), of which
$1,724,000 shall be available through June 30, 2005, for Federally
Recognized Native American Tribes and of which $3,449,000 shall
be available through June 30, 2005, for Mississippi Delta Region
counties (as determined in accordance with Public Law 100–460):
Provided, That of such amount made available, the Secretary may
provide up to $1,500,000 for the Delta Regional Authority (7 U.S.C.
1921 et seq.): Provided further, 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 further, That
of the total amount appropriated, $2,447,000 shall be available
through June 30, 2005, for the cost of direct loans for authorized
empowerment zones and enterprise communities and communities
designated by the Secretary of Agriculture as Rural Economic Area
Partnership Zones.
In addition, for administrative expenses to carry out the direct
loan programs, $4,316,000 shall be transferred to and merged with
the appropriation for ‘‘Rural Development, Salaries and Expenses’’.
RURAL ECONOMIC DEVELOPMENT LOANS PROGRAM ACCOUNT
(INCLUDING RESCISSION OF FUNDS)
For the principal amount of direct loans, as authorized under
section 313 of the Rural Electrification Act, for the purpose of
promoting rural economic development and job creation projects,
$25,003,000.
For the cost of direct loans, including the cost of modifying
loans as defined in section 502 of the Congressional Budget Act
of 1974, $4,698,000, to remain available until expended.
Of the funds derived from interest on the cushion of credit
payments in the current fiscal year, as authorized by section 313
of the Rural Electrification Act of 1936, $4,698,000 shall not be
obligated and $4,698,000 are rescinded.
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), $24,000,000, of which $2,500,000 shall be
for cooperative agreements for the appropriate technology transfer
for rural areas program: Provided, That not to exceed $1,500,000
shall be for cooperatives or associations of cooperatives whose pri-
mary focus is to provide assistance to small, minority producers
and whose governing board and/or membership is comprised of
at least 75 percent minority; and of which not to exceed $15,500,000,
to remain available until expended, shall be for value-added agricul-
tural product market development grants, as authorized by section
6401 of the Farm Security and Rural Investment Act of 2002
(7 U.S.C. 1621 note).
H. R. 4818—23
RURAL EMPOWERMENT ZONES AND ENTERPRISE COMMUNITIES GRANTS
For grants in connection with second and third rounds of
empowerment zones and enterprise communities, $12,500,000, to
remain available until expended, for designated rural empowerment
zones and rural enterprise communities, as authorized by the Tax-
payer Relief Act of 1997 and the Omnibus Consolidated and Emer-
gency Supplemental Appropriations Act, 1999 (Public Law 105–
277): Provided, That of the funds appropriated, $1,000,000 shall
be made available to third round empowerment zones, as authorized
by the Community Renewal Tax Relief Act (Public Law 106–554).
RENEWABLE ENERGY PROGRAM
For the cost of a program of direct loans, loan guarantees,
and grants, under the same terms and conditions as authorized
by section 9006 of the Farm Security and Rural Investment Act
of 2002 (7 U.S.C. 8106), $23,000,000 for direct and guaranteed
renewable energy loans and grants: Provided, That the cost of
direct loans and loan guarantees, including the cost of modifying
such loans, shall be as defined in section 502 of the Congressional
Budget Act of 1974.
RURAL UTILITIES SERVICE
RURAL ELECTRIFICATION AND TELECOMMUNICATIONS LOANS PROGRAM
ACCOUNT
(INCLUDING TRANSFER 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 electrification loans, $120,000,000; munic-
ipal rate rural electric loans, $100,000,000; loans made pursuant
to section 306 of that Act, rural electric, $2,100,000,000; Treasury
rate direct electric loans, $1,000,000,000; guaranteed underwriting
loans pursuant to section 313A, $1,000,000,000; 5 percent rural
telecommunications loans, $145,000,000; cost of money rural tele-
communications loans, $250,000,000; and for loans made pursuant
to section 306 of that Act, rural telecommunications loans,
$125,000,000.
For the cost, as defined in section 502 of the Congressional
Budget Act of 1974, including the cost of modifying loans, of direct
and guaranteed loans authorized by sections 305 and 306 of the
Rural Electrification Act of 1936 (7 U.S.C. 935 and 936), as follows:
cost of rural electric loans, $5,058,000, and the cost of telecommuni-
cations loans, $100,000: Provided, That notwithstanding section
305(d)(2) of the Rural Electrification Act of 1936, borrower interest
rates may exceed 7 percent per year.
In addition, for administrative expenses necessary to carry
out the direct and guaranteed loan programs, $38,277,000 which
shall be transferred to and merged with the appropriation for
‘‘Rural Development, Salaries and Expenses’’.