Regulacje i polityka gospodarcza · 23/12/1996

Maximum Portion of Guarantee Authority Available for Fiscal Year 1996-97

As set forth in the final rule under 7 CFR subpart B of part 4279, effective on December 23, 1996, each fiscal year the Agency shall establish a limit on the maximum portion of guarantee authority available for that fiscal year that may be used to guarantee loans with a guarantee fee of 1 percent and/or guaranteed loans with a guarantee percentage exceeding 80 percent. Allowing the guarantee fee to be reduced to 1 percent and/or exceeding the 80 percent guarantee on certain guaranteed loans that meet the conditions set forth in subpart B of part 4279 will allow for the targeting of projects in rural communities that remain persistently poor, experience long-term population decline and job deterioration, and other related criteria. Not more than 7 percent of the Agency guarantee authority will be reserved for loan requests with a guarantee fee of 1 percent, and not more than 15 percent of the Agency guarantee authority will be reserved for guaranteed loan requests with a guaranteed percentage exceeding 80 percent. Once the above quarterly limits have been reached, all additional loans guaranteed during the remainder of that quarter will require a 2 percent guarantee fee and not exce