Rural Housing Service
H.R. 1 Updates
H.R. 1 Updates
Rural Development Programs
rural community advancement program
(including transfers of funds)
For an additional amount for gross obligations for the principal
amount of direct and guaranteed loans as authorized by sections
306 and 310B and described in sections 381E(d)(1), 381E(d)(2),
and 381E(d)(3) of the Consolidated Farm and Rural Development
Act, to be available from the rural community advancement
program, as follows: $5,838,000,000, of which $1,102,000,000 is
for rural community facilities direct loans, of which
$2,000,000,000 is for business and industry guaranteed loans,
and of which $2,736,000,000 is for rural water and waste disposal
direct loans.
For an additional amount for the cost of direct loans, loan
guarantees, and grants, including the cost of modifying loans, as
defined in section 502 of the Congressional Budget Act of 1974,
as follows: $1,800,000,000, of which $63,000,000 is for rural
community facilities direct loans, of which $137,000,000 is for
rural community facilities grants authorized under section 306(a)
of the Consolidated Farm and Rural Development Act, of which
$87,000,000 is for business and industry guaranteed loans, of
which $13,000,000 is for rural business enterprise grants
authorized under section 310B of the Consolidated Farm and
Rural Development Act, of which $400,000,000 is for rural water
and waste disposal direct loans, and of which $1,100,000,000 is
for rural water and waste disposal grants authorized under
section 306(a): Provided, That the amounts appropriated under
this heading shall be transferred to, and merged with, the
appropriation for “Rural Housing Service, Rural Community
Facilities Program Account”, the appropriation for “Rural Business-
Cooperative Service, Rural Business Program Account”, and the
appropriation for “Rural Utilities Service, Rural Water and Waste
Disposal Program Account”: Provided further, That priority for
awarding such funds shall be given to project applications that
demonstrate that, if the application is approved, all project
elements will be fully funded: Provided further, That priority for
awarding such funds shall be given to project applications for
activities that can be completed if the requested funds are
provided: Provided further, That priority for awarding such funds
shall be given to activities that can commence promptly following
enactment of this Act.
In addition to other available funds, the Secretary of Agriculture
may use not more than 3 percent of the funds made available
under this account for administrative costs to carry out loans,
loan guarantees, and grants funded under this account, which
shall be transferred and merged with the appropriation for “Rural
Development, Salaries and Expenses” and shall remain available
until September 30, 2012: Provided, That the authority provided
in this paragraph shall apply to appropriations under this heading
in lieu of the provisions of section 1106 of this Act.
Funds appropriated by this Act to the Rural Community
Advancement Program for rural community facilities, rural
business, and rural water and waste disposal direct loans, loan
guarantees and grants may be transferred among these
programs: Provided, That the Committees on Appropriations of
the House of Representatives and the Senate shall be notified at
least 15 days in advance of any transfer.
rural housing service
rural housing insurance fund program account
(including transfers of funds)
For an additional amount of gross obligations for the principal
amount of direct and guaranteed loans as authorized by title V of
the Housing Act of 1949, to be available from funds in the rural
housing insurance fund, as follows: $22,129,000,000 for loans to
section 502 borrowers, of which $4,018,000,000 shall be for
direct loans, and of which $18,111,000,000 shall be for
unsubsidized guaranteed loans.
For an additional amount for the cost of direct and guaranteed
loans, including the cost of modifying loans, as defined in section
502 of the Congressional Budget Act of 1974, as follows: section
502 loans, $500,000,000, of which $270,000,000 shall be for
direct loans, and of which $230,000,000 shall be for unsubsidized
guaranteed loans.
In addition to other available funds, the Secretary of Agriculture
may use not more than 3 percent of the funds made available
under this account for administrative costs to carry out loans and
loan guarantees funded under this account, of which $1,750,000
will be committed to agency projects associated with maintaining
the compliance, safety, and soundness of the portfolio of loans
guaranteed through the section 502 guaranteed loan program:
Provided, These funds shall be transferred and merged with the
appropriation for “Rural Development, Salaries and Expenses”:
Provided further, That the authority provided in this paragraph
shall apply to appropriations under this heading in lieu of the
provisions of section 1106 of this Act.
Funds appropriated by this Act to the Rural Housing Insurance
Fund Program account for section 502 direct loans and
unsubsidized guaranteed loans may be transferred between these
programs: Provided, That the Committees on Appropriations of
the House of Representatives and the Senate shall be notified at
least 15 days in advance of any transfer.
rural community advancement program
(including transfers of funds)
For an additional amount for gross obligations for the principal
amount of direct and guaranteed loans as authorized by sections
306 and 310B and described in sections 381E(d)(1), 381E(d)(2),
and 381E(d)(3) of the Consolidated Farm and Rural Development
Act, to be available from the rural community advancement
program, as follows: $5,838,000,000, of which $1,102,000,000 is
for rural community facilities direct loans, of which
$2,000,000,000 is for business and industry guaranteed loans,
and of which $2,736,000,000 is for rural water and waste disposal
direct loans.
For an additional amount for the cost of direct loans, loan
guarantees, and grants, including the cost of modifying loans, as
defined in section 502 of the Congressional Budget Act of 1974,
as follows: $1,800,000,000, of which $63,000,000 is for rural
community facilities direct loans, of which $137,000,000 is for
rural community facilities grants authorized under section 306(a)
of the Consolidated Farm and Rural Development Act, of which
$87,000,000 is for business and industry guaranteed loans, of
which $13,000,000 is for rural business enterprise grants
authorized under section 310B of the Consolidated Farm and
Rural Development Act, of which $400,000,000 is for rural water
and waste disposal direct loans, and of which $1,100,000,000 is
for rural water and waste disposal grants authorized under
section 306(a): Provided, That the amounts appropriated under
this heading shall be transferred to, and merged with, the
appropriation for “Rural Housing Service, Rural Community
Facilities Program Account”, the appropriation for “Rural Business-
Cooperative Service, Rural Business Program Account”, and the
appropriation for “Rural Utilities Service, Rural Water and Waste
Disposal Program Account”: Provided further, That priority for
awarding such funds shall be given to project applications that
demonstrate that, if the application is approved, all project
elements will be fully funded: Provided further, That priority for
awarding such funds shall be given to project applications for
activities that can be completed if the requested funds are
provided: Provided further, That priority for awarding such funds
shall be given to activities that can commence promptly following
enactment of this Act.
In addition to other available funds, the Secretary of Agriculture
may use not more than 3 percent of the funds made available
under this account for administrative costs to carry out loans,
loan guarantees, and grants funded under this account, which
shall be transferred and merged with the appropriation for “Rural
Development, Salaries and Expenses” and shall remain available
until September 30, 2012: Provided, That the authority provided
in this paragraph shall apply to appropriations under this heading
in lieu of the provisions of section 1106 of this Act.
Funds appropriated by this Act to the Rural Community
Advancement Program for rural community facilities, rural
business, and rural water and waste disposal direct loans, loan
guarantees and grants may be transferred among these
programs: Provided, That the Committees on Appropriations of
the House of Representatives and the Senate shall be notified at
least 15 days in advance of any transfer.
rural housing service
rural housing insurance fund program account
(including transfers of funds)
For an additional amount of gross obligations for the principal
amount of direct and guaranteed loans as authorized by title V of
the Housing Act of 1949, to be available from funds in the rural
housing insurance fund, as follows: $22,129,000,000 for loans to
section 502 borrowers, of which $4,018,000,000 shall be for
direct loans, and of which $18,111,000,000 shall be for
unsubsidized guaranteed loans.
For an additional amount for the cost of direct and guaranteed
loans, including the cost of modifying loans, as defined in section
502 of the Congressional Budget Act of 1974, as follows: section
502 loans, $500,000,000, of which $270,000,000 shall be for
direct loans, and of which $230,000,000 shall be for unsubsidized
guaranteed loans.
In addition to other available funds, the Secretary of Agriculture
may use not more than 3 percent of the funds made available
under this account for administrative costs to carry out loans and
loan guarantees funded under this account, of which $1,750,000
will be committed to agency projects associated with maintaining
the compliance, safety, and soundness of the portfolio of loans
guaranteed through the section 502 guaranteed loan program:
Provided, These funds shall be transferred and merged with the
appropriation for “Rural Development, Salaries and Expenses”:
Provided further, That the authority provided in this paragraph
shall apply to appropriations under this heading in lieu of the
provisions of section 1106 of this Act.
Funds appropriated by this Act to the Rural Housing Insurance
Fund Program account for section 502 direct loans and
unsubsidized guaranteed loans may be transferred between these
programs: Provided, That the Committees on Appropriations of
the House of Representatives and the Senate shall be notified at
least 15 days in advance of any transfer.
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