To provide for a limitation on availability of funds for US Department of Agriculture, Rural Utilities Service, Rural Electrification and Telecommunications Loans Program Account for fiscal year 2024.
Source: Congress.gov ·
260 words in original text
What This Bill Does
This bill limits how much money can be used for a specific loan program run by the US Department of Agriculture. The bill says that for the year 2024, the Rural Electrification and Telecommunications Loans Program Account cannot receive more than a set amount of funding.
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Who It Affects
The bill directly affects the US Department of Agriculture and its Rural Utilities Service, which manages loans for rural electrification and telecommunications projects.
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Key Provisions
* The total amount of money available for the Rural Electrification and Telecommunications Loans Program Account in fiscal year 2024 cannot go over $10,000,000 (Sec. 1)
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What Changes
If this bill becomes law, the Rural Utilities Service would be restricted from spending or approving more than $10,000,000 for this loan program in fiscal year 2024, even if other laws would normally allow them to spend more money.
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Important Definitions
None defined
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Effective Date
Not specified in bill text
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