Sec. 204. Beginning farmer and rancher development program to provide training, education, outreach, and technical assistance initiatives
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Section 7405 of the Farm Security and Rural Investment Act of 2002 ( 7 U.S.C. 3319f ) is amended by striking subsection
(h)and inserting the following new subsections: Of the funds made available under subsection (i), the Secretary may transfer up to $10,000,000 per year, plus allocable administrative costs, for individual development accounts as authorized under section 333B of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1983b ). The Secretary may not use more than 4 percent of the funds transferred under this subsection for administrative costs incurred in implementing the individual development accounts authorized under section 333B of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1983b ). Of the funds of the Commodity Credit Corporation, the Secretary shall make available to carry out this section— $20,000,000 for fiscal year 2018; $30,000,000 for each of fiscal years 2019 and 2020; $40,000,000 for each of fiscal years 2021 and 2022; and $50,000,000 for fiscal year 2023 and each fiscal year thereafter. In addition to funds provided under paragraph (1), there is authorized to be appropriated to carry out this section $30,000,000 for fiscal year 2018 and each fiscal year thereafter. Amounts made available under this subsection shall remain available until expended. .
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Sec. 204
Beginning farmer and rancher development program to provide training, education, outreach, and technical assistance initiatives
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