Sec. 304. Making improvements to business and industry direct and guaranteed loans to benefit producers of local or regionally produced agricultural food products
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Section 310B(g) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1932(g) ) is amended— in paragraph (6)(A)— in clause (i), by striking value-added processing and all that follows through the semicolon and inserting value-added processing, distribution, aggregation, storage, or marketing of agricultural food products that create new opportunities for agricultural producers; ; and in clause (iii), by striking subsection (a)(2)(A) and inserting this subsection ; and in paragraph (9)(B)— in clause (i), by inserting in rural or non-rural areas after entities ; by striking clauses
(ii)and
(iii)and inserting the following new clauses: In making or guaranteeing a loan under clause (i), the Secretary shall give priority to projects that will— result in increased access to locally or regionally grown food in underserved communities; create new market opportunities for local or regional agricultural producers; or support strategic economic and community development regional economic development plans on a multijurisdictional basis. In guaranteeing a loan under clause (i), the Secretary may waive, reduce, or incorporate into the amount of the guarantee made under such clause, the fee that would otherwise be imposed under paragraph
(5)with respect to such guarantee. ; by redesignating clauses
(iv)and
(v)as clauses
(v)and (vi), respectively; by inserting after clause
(iii)the following new clause: The Secretary shall develop and implement an outreach plan to publicize the availability of loans and loan guarantees under this paragraph, working closely with rural cooperative development centers, credit unions, community development financial institutions, regional economic development authorities, and other financial and economic development entities. ; in clause
(v)(as redesignated by subparagraph (C))— in the matter preceding subclause (I), by inserting , and publish on the internet, after Senate ; by redesignating subclauses
(I)and
(II)as subclauses
(II)and (III), respectively; by inserting before subclause (II), the following new subclause: summary information on each such project; ; and in subclause
(II)(as redesignated by clause (ii)), by inserting and agricultural producers after communities ; and in clause (vi)(I) (as so redesignated), by striking 2012 and inserting 2018 .
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Sec. 304
Making improvements to business and industry direct and guaranteed loans to benefit producers of local or regionally produced agricultural food products
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