To provide for a limitation on availability of funds for US Department of Agriculture, Rural Business-Cooperative Service, Intermediary Relending Program Fund Account for fiscal year 2024.
Source: Congress.gov ·
253 words in original text
What This Bill Does
This bill places a spending cap on money the U.S. Department of Agriculture can use for its Rural Business-Cooperative Service Intermediary Relending Program in 2024. The program would not be allowed to spend more than the limit set in the bill.
Who It Affects
The U.S. Department of Agriculture's Rural Business-Cooperative Service and the Intermediary Relending Program (a program that provides loans in rural areas) are directly affected by this bill.
Key Provisions
• No money designated for the Rural Business-Cooperative Service Intermediary Relending Program Fund Account for fiscal year 2024 can exceed $18,889,000 (Sec. 1)
What Changes
If this bill becomes law, the Intermediary Relending Program cannot spend more than $18,889,000 during fiscal year 2024. Any amounts that would normally be available to this program would be reduced to stay below this limit.
Important Definitions
None defined in bill text
Effective Date
Not specified in bill text
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