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
- Sponsor
- Greg Walden
- 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.