United States Code
USC most recently checked for updates: Sep 23, 2023
The Secretary may make or guarantee loans to eligible entities described in subsection (b) so that the eligible entities may relend the funds to individuals and entities for the purposes described in subsection (c).
The Secretary shall not make loans under section 9812(a) of title 42.
To be eligible to receive a loan or loan guarantee under subsection (a), an eligible entity described in subsection (b) shall submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary may require.
The Secretary shall promulgate regulations and establish procedures reducing the administrative requirements on eligible entities described in subsection (b), including regulations to carry out the amendments made to this section by the Agriculture Improvement Act of 2018.
There is authorized to be appropriated to carry out this subsection $25,000,000 for each of fiscal years 2014 through 2023.