In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

Q: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Rural Access to Credit Act of
2010''.

SEC. 2. BUSINESS AND INDUSTRY DIRECT AND GUARANTEED LOANS.

(a) Tangible Equity Requirements.--Section 310B(d) of the
Consolidated Farm and Rural Development Act (7 U.S.C. 1932(d)) is
amended by striking paragraph (6) and inserting the following:
''(6) Equity.--In the case of direct or guaranteed loans
under this section, the Secretary shall use commercial lending
standards in determining any equity requirement.''.
(b) General Terms.--Section 310B(g) of the Consolidated Farm and
Rural Development Act (7 U.S.C. 1932(g)) is amended by adding at the
end the following:
''(10) General terms.--
''(A) Maximum loan guarantee amount.--
''(i) In general.--Notwithstanding any
other provision of this Act, during the period
beginning on the date of enactment of this
paragraph and ending on December 31, 2011, the
Secretary shall guarantee up to 90 percent of a
business and industry loan in an amount of up
to $10,000,000 that is a high priority project,
as determined based on published criteria of
the Secretary that includes rural economic
factors.
''(ii) Subsequent fiscal years.--
Notwithstanding any other provision of this
Act, beginning on January 1, 2012, the
Secretary may guarantee up to 80 or 90 percent
(as determined by the Secretary) of a business
and industry loan in an amount of up to
$10,000,000 that is a high priority project, as
determined based on criteria described in
clause (i).
''(B) Line-of-credit loans.--In guaranteeing
business and industry loans, the Secretary shall
guarantee line-of-credit loans in accordance with
section 316(c).
''(C) Refinancing.--
''(i) In general.--A business and industry
loan may be used by a small business to
refinance debt in existence as of the day
before the date on which the loan was made or
guaranteed, if--
''(I) the project for which the
debt was incurred is viable and will
create or save jobs, as determined by
the Secretary; and
''(II) as of the date of
application for refinancing--
''(aa) the underlying loan
has been current for at least 1
year; and
''(bb) the lender is
providing better rates and
longer terms than under the
original loan.
''(ii) Subordinated owner debt.--
Subordinated owner debt shall not be eligible
for inclusion in debt described in clause (i).
''(D) Audit standards.--Notwithstanding any other
provision of law, the Secretary--
''(i) shall not require audited financial
statements consistent with generally accepted
accounting principles for business and industry
loans of less than $1,000,000; and
''(ii) may waive any requirement for
audited financial statements consistent with
generally accepted accounting principles for
business and industry loans of at least
$1,000,000.
''(E) Calculation of delinquency rates.--To allow
accurate comparison of delinquency rates among Federal
agencies, in calculating the delinquency rate for
business and industry loans, the Secretary shall use
the calculation method used by the Administrator of the
Small Business Administration.''.
(c) Sense of Congress Relating to the Rural Microentrepreneur
Assistance Program.--It is the sense of Congress that in allocating
discretionary funds of the Secretary of Agriculture, the Secretary of
Agriculture should give priority to the rural microentrepreneur
assistance program established under section 379E of the Consolidated
Farm and Rural Development Act (7 U.S.C. 2008s).
(d) Budgetary Effects.--The budgetary effects of this Act, for the
purpose of complying with the Statutory Pay-As-You-Go-Act of 2010,
shall be determined by reference to the latest statement titled
''Budgetary Effects of PAYGO Legislation'' for this Act, submitted for
printing in the Congressional Record by the Chairman of the Senate
Budget Committee, provided that such statement has been submitted prior
to the vote on passage.

A: Rural Access to Credit Act of 2010 - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture (USDA) to use commercial lending standards in determining equity requirements for rural entity direct or guaranteed loans.

Directs the Secretary, through December 31, 2011, to guarantee up to 90% of high priority business and industry loans up to $10 million. Authorizes the Secretary, beginning on January 1, 2012, to guarantee up to 80% or 90% of high priority business and industry loans up to $10 million. Directs the Secretary to guarantee related line-of-credit loans.

Authorizes business and industry loans to be used for refinancing.

Waives audit requirements for business and industry loans under $1 million. Authorizes audit waiver for loans of at least $1 million.

Directs the Secretary to use the Small Business Administration (SBA) calculation method in calculating the delinquency rate for business and industry loans.

Expresses the sense of Congress that in allocating discretionary funds the Secretary should give priority to the rural microentrepreneur assistance program.
****
Q: SECTION 1. SHORT TITLE.

This Act may be cited as the ''National Future Farmers of America
Commemorative Coin Act of 2009''.

SEC. 2. FINDINGS.

The Congress finds that--
(1) the National Future Farmers of America Organization
makes a positive difference in the lives of students by
developing their potential for leadership, personal growth, and
career success through agricultural education;
(2) the National Future Farmers of America Organization was
founded in 1928, as the ''Future Farmers of America'', to
provide leadership training for high school students of
vocational agriculture;
(3) the National Future Farmers of America Organization
created a national agricultural education model for use in
public school systems that has been adopted by youth leadership
organizations throughout the world;
(4) the National Future Farmers of America Organization
prepares its student members to think critically, work in
teams, and be successful in more than 300 careers relating to
the science, business, and technology of agriculture;
(5) approximately 9,000,000 living former members of the
National Future Farmers of America Organization are prominent
industry executives, members of Congress, community members,
farmers, and productive United States citizens;
(6) in 2009, the National Future Farmers of America
Organization had 507,763 members in more than 7,400 local
chapters in all 50 States, Puerto Rico, and the United States
Virgin Islands;
(7) the Future Farmers of America was chartered by Congress
in 1950, and continues to be an intra-curricular educational
organization within public school systems throughout the United
States; and
(8) October 2012 will mark the beginning of a year of
celebration in honor of the 85th anniversary of the founding of
the National Future Farmers of America Organization, which took
place at the first national convention of the National Future
Farmers of America Organization.

SEC. 3. COIN SPECIFICATIONS.

(a) Denominations.--In commemoration of the National Future Farmers
of America Organization and the 85th anniversary of the National Future
Farmers of America Organization, the Secretary of the Treasury (in this
Act referred to as the ''Secretary'') shall mint and issue--
(1) not more than 100,000 gold coins, which shall--
(A) weigh 8.359 grams;
(B) have a diameter of 0.850 inches; and
(C) contain 90 percent gold and 10 percent alloy;
and
(2) not more than 500,000 silver coins, which shall--
(A) weigh 26.7 grams;
(B) have a diameter of 1.500 inches; and
(C) contain 90 percent silver and 10 percent
copper.
(b) Legal Tender.--The coins minted under this Act shall be legal
tender, as provided in section 5103 of title 31, United States Code.
(c) Numismatic Items.--For purposes of sections 5134 and 5136 of
title 31, United States Code, all coins minted under this Act shall be
considered to be numismatic items.

SEC. 4. DESIGN OF COINS.

(a) Design Requirements.--
(1) In general.--The design of the coins minted under this
Act shall be emblematic of the 85-year history of the National
Future Farmers of America Organization.
(2) Designation and inscriptions.--On each coin minted
under this Act, there shall be--
(A) a designation of the value of the coin;
(B) inscriptions of the words ''Liberty'', ''In God
We Trust'', ''United States of America'', and ''E
Pluribus Unum''; and
(C) an inscription of the year 2012.
(b) Selection.--The design for the coins minted under this Act
shall be--
(1) selected by the Secretary, after consultation with the
National Future Farmers of America Organization and the
Commission of Fine Arts; and
(2) reviewed by the Citizens Coinage Advisory Committee.

SEC. 5. ISSUANCE OF COINS.

(a) Quality of Coins.--Coins minted under this Act shall be issued
in uncirculated and proof qualities.
(b) Period of Issuance.--The Secretary may issue coins under this
Act only for the 1-year period beginning on January 1, 2012.

SEC. 6. SALE OF COINS.

(a) Sale Price.--The coins minted under this Act shall be sold by
the Secretary at a price equal to the sum of--
(1) the face value of the coins;
(2) the surcharge provided in section 7 with respect to
such coins; and
(3) the cost of designing and minting the coins (including
labor, materials, dies, use of machinery, overhead expenses,
marketing, and shipping).
(b) Bulk Sales.--The Secretary shall make bulk sales of the coins
minted under this Act at a reasonable discount.
(c) Prepaid Orders.--
(1) In general.--The Secretary shall accept prepaid orders
for the coins minted under this Act before the issuance of such
coins.
(2) Discount.--Sale prices with respect to prepaid orders
under paragraph (1) shall be at a reasonable discount.

SEC. 7. SURCHARGES.

(a) In General.--All sales of coins minted under this Act shall
include a surcharge of $25 per gold coin and $10 per silver coin.
(b) Distribution.--Subject to section 5134(f) of title 31, United
States Code, the Secretary shall pay all of the surcharges received by
the Secretary from the sale of coins minted under this Act to the
National Future Farmers of America Foundation in Indianapolis, Indiana,
for the creation of an endowment to enhance and expand programs that
encourage the development of leadership skills, personal growth, and
career success through agricultural education and the Future Farmers of
America.
(c) Audits.--The Comptroller General of the United States is
authorized to examine such books, records, documents, and other data of
the organization described in subsection (b) as may be related to the
expenditures of amounts paid under subsection (b).

A: National Future Farmers of America Commemorative Coin Act of 2009 - Directs the Secretary of the Treasury to mint and issue gold and silver coins in commemoration of the National Future Farmers of America Organization and the 85th anniversary of such Organization.

Authorizes the issuance of coins under this Act only for a one year period, beginning on January 1, 2012.

Requires all sales of coins minted under this Act to include a surcharge of $25 per gold coin and $10 per silver coin.

Requires all of the surcharges received from the sale of such coins to be paid to the National Future Farmers of America Foundation in Indianapolis, Indiana, for the creation of an endowment to enhance and expand programs that encourage the development of leadership skills, personal growth, and career success through agricultural education and the Future Farmers of America.
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Q: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Railroad Safety and Positive Train
Control Extension Act''.

SEC. 2. IMPLEMENTATION DEADLINE.

(a) Technology Implementation Plan.--Section 20156(e)(4) of title
49, United States Code, is amended to read as follows:
''(4) Positive train control.--
''(A) In general.--Except as required by section
20157 (relating to the requirements for implementation
of positive train control systems), the Secretary shall
ensure that each railroad carrier's technology
implementation plan required under paragraph (1) that
includes a schedule for implementation of a positive
train control system complies with that schedule.
''(B) Rule of construction.--Nothing in this
section shall be construed as requiring the
installation of positive train control on railroad
tracks if--
''(i) positive train control is not
required on those tracks under section 20157;
and
''(ii) the railroad does not choose to
implement positive train control as a
technology on those tracks under this
section.''.
(b) Extension of Deadline.--Section 20157 of title 49, United
States Code, is amended--
(1) in subsection (a)(1)--
(A) by striking ''Not later than 18 months after
the date of enactment of the Rail Safety Improvement
Act of 2008, each'' and inserting ''Each''; and
(B) by striking ''by December 31, 2015'' and
inserting ''by December 31, 2020''; and
(2) in subsection (a)(1)(B), by striking ''transported''
and inserting ''transported on or after December 31, 2015''.

SEC. 3. AUTHORITY OF SECRETARY OF TRANSPORTATION TO EXTEND
IMPLEMENTATION DEADLINE.

(a) In General.--Section 20157 of title 49, United States Code, as
amended by section 2(b) of this Act, is further amended--
(1) in subsection (a)(1), by striking ''Each Class I'' and
inserting ''Except as provided under subsection (i), each Class
I'';
(2) by redesignating subsection (i) as subsection (j); and
(3) by inserting before subsection (j), as redesignated,
the following:
''(i) Implementation Extensions.--
''(1) In general.--The Secretary may extend in 1-year
increments, upon application, the deadline for implementing a
positive train control system under subsection (a)(1) for an
applicant, if the Secretary determines that--
''(A) full implementation will likely be infeasible
due to circumstances beyond the control of the
applicant, including funding availability, spectrum
acquisition, resource and technology availability,
software development and testing, availability of
alternate risk reduction strategies, and
interoperability standards;
''(B) the applicant has demonstrated good faith in
its positive train control system implementation;
''(C) the applicant has presented a revised plan
for implementing a positive train control system
indicating how the applicant will fully implement a
positive train control system as soon as feasible, but
not later than December 31, 2022; and
''(D) the extension will not extend later than
December 31, 2022.
''(2) Considerations.--In making a determination under
paragraph (1), the Secretary shall consider--
''(A) whether the affected areas of track have been
identified as areas of greater risk to the public and
railroad employees in the applicant's positive train
control implementation plan under section
236.1011(a)(4) of title 49, Code of Federal Regulations
(relating to PTC Implementation Plan content
requirements); and
''(B) the risk of operational failure to the
affected service areas and the applicant.
''(3) Review.--Not later than 10 days after the Secretary
receives an application under paragraph (1), the Secretary
shall review and approve or disapprove the application.''.
(b) Conforming Amendment.--Section 20156(e)(2) of title 49, United
States Code, is amended by striking ''as defined in section 20157(i)''
and inserting ''as defined in section 20157(j)''.

SEC. 4. EQUIPPING LOCOMOTIVES OPERATING IN POSITIVE TRAIN CONTROL
TERRITORY.

Not later than 180 days after the date of enactment of this Act,
the Secretary of Transportation shall revise section
236.1006(b)(4)(iii)(B) of title 49, Code of Federal Regulations
(relating to equipping locomotives operating in PTC territory) to
extend each deadline 5 years.

A:
Railroad Safety and Positive Train Control Extension Act - Revises the railroad safety risk reduction program. Extends from December 31, 2015, to December 31, 2020, the deadline for submission to the Secretary of Transportation (DOT) by each Class I railroad carrier and each entity providing regularly scheduled intercity or commuter rail passenger transportation of a plan for implementing a positive train control (PTC) system on certain of its tracks. Authorizes the Secretary to extend the implementation deadline, upon application, in one-year increments, if specified circumstances exist. Directs the Secretary to revise federal regulations requiring a Class II or III railroad (including a tourist or excursion railroad) to equip its locomotives with an onboard PTC system to operate in PTC territory. Extends for five years the time for such railroad to meet the deadline for equipping its locomotives with a PTC system.
****