To provide for a limitation on availability of funds for US Department of Agriculture, Rural Business-Cooperative Service, Rural Cooperative Development Grants for fiscal year 2024.
Source: Congress.gov ·
245 words in original text
What This Bill Does
This bill puts a cap on how much money can be spent on Rural Cooperative Development Grants in 2024. The grants come from the US Department of Agriculture's Rural Business-Cooperative Service, which helps rural communities start and run cooperative businesses (businesses owned and controlled by their members).
Who It Affects
The US Department of Agriculture and the Rural Business-Cooperative Service directly handle this money. Rural cooperatives and organizations that receive these grants are affected by the spending limit.
Key Provisions
* The total amount available for Rural Cooperative Development Grants in fiscal year 2024 cannot go above $27,600,000 (Sec. 1)
What Changes
If this bill becomes law, no more than $27,600,000 can be used for Rural Cooperative Development Grants during fiscal year 2024, even if other laws say more money should be available.
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.