Sec. 302. Clarification on allowed partnerships for certain community facilities grants and loans
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Section 306(a)(19) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1926(a)(19) ) is amended by adding at the end the following new subparagraph: An association, unit of general local government, nonprofit corporation, or Indian tribe that receives a grant under this paragraph may partner with philanthropic or for-profit entities in developing specific essential community facilities in rural areas. . Section 306(a)(24) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1926(a)(24) ) is amended by adding at the end the following new subparagraph:
The recipient of a loan guarantee under this paragraph may partner with philanthropic or for-profit entities in servicing, or providing additional credit with respect to, a loan described in subparagraph (A). .
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Sec. 302
Clarification on allowed partnerships for certain community facilities grants and loans
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