To provide for a limitation on availability of funds for US Department of Agriculture, Rural Business-Cooperative Service, Rural Econoic Development Loans Program Account for fiscal year 2024.
Source: Congress.gov ·
256 words in original text
What This Bill Does
This bill puts a spending cap on the US Department of Agriculture's Rural Business-Cooperative Service Rural Economic Development Loans Program. The bill limits how much money can be spent from this program for fiscal year 2024.
Who It Affects
The US Department of Agriculture Rural Business-Cooperative Service is directly affected by this spending limit.
Key Provisions
• The amount of money available for the Rural Economic Development Loans Program Account cannot exceed a specific amount for fiscal year 2024 (Sec. 1)
What Changes
If this bill becomes law, the Rural Economic Development Loans Program Account will have a spending limit that overrides any other law that might allow for different spending amounts.
Important Definitions
None defined in bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only.
It is not legal advice. Always consult the official bill text on Congress.gov
or a qualified attorney for legal matters.