Sec. 6010. Rural business and industry loan program
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Section 310B(a)(2)(A) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1932(a)(2)(A) ) is amended by inserting (including through the financing of working capital) after employment . Section 310B(g)(7) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1932(g)(7) ) is amended— by striking In determining and inserting the following: In determining ; and by adding at the end the following: In the discretion of the Secretary, if the Secretary determines that the action would not create or otherwise contribute to an unreasonable risk of default or loss to the Federal Government, the Secretary may take accounts receivable as security for the obligations entered into in connection with loans and a borrower may use accounts receivable as collateral to secure a loan made or guaranteed under this subsection. .
Not later than 180 days after the date of enactment of this Act, the Secretary shall promulgate such regulations as are necessary to implement the amendments made by this section.
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Sec. 6010
Rural business and industry loan program
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