H.R. 6021 · 109th Congress

To permit the proceeds of certain agriculture grants to be used for a revolving loan fund, and for other purposes.

Stage
In committee
Introduced
2006-07-28
Latest action
2006-07-28 · Introduced in House

Summary

Permits any nonprofit corporation incorporated on March 14, 1995, to: (1) use the proceeds from certain grants awarded to it under the Consolidated Farm and Rural Development Act and the National Forest-Dependent Rural Communities Economic Diversification Act of 1990 to establish and operate a revolving loan fund; and (2) on dissolution of such fund, retain fund amounts.

States that such a fund shall remain in operation for a period ending not earlier than five years after the date of enactment of this Act.