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Rolnictwo i żywność · 20.05.2014

Notice of Funding Availability for the Intermediary Relending Program

This Notice announces $18.9 million in program funding available for Fiscal Year 2014 for the Intermediary Relending Program (IRP). The IRP provides direct loans to intermediaries that establish programs for the purpose of providing loans to ultimate recipients for business facilities and community developments in a rural area. The Agency will make awards each of the remaining Federal fiscal quarters. In the event all program funds are not obligated in a quarter, the remaining unobligated funds will be carried over to the subsequent quarter. This Notice is being issued in accordance with the new requirements set forth by the Agricultural Act of 2014 (Farm Bill). The 2014 Farm Bill consolidates IRP's authority under the Consolidated Farm and Rural Development Act (Con Act). Consequently, the Agency must comply with the standard `rural' and `rural area' definition in the Con Act under 7 U.S.C. 1991(a)(13).

Source: Federal Register — Agriculture DepartmentOpen original release →