Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · BILL · 116th Congress · S. 1949 (Introduced in Senate) — To amend the Richard B. Russell National School Lunch Act to require the Secretary of Agriculture to make loan guaran... · Sec. 2

Sec. 2. Loan guarantees and grants to finance certain improvements to school lunch facilities

705 words·~3 min read·/bill/116/s/1949/is/section-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Richard B. Russell National School Lunch Act is amended by inserting after section 26 ( 42 U.S.C. 1769g ) the following: In this section: The term durable equipment means durable food preparation, handling, cooking, serving, and storage equipment greater than $500 in value. The term eligible entity means— a local educational agency or a school food authority administering or operating a school meal program; a tribal organization; or a consortium that includes a local educational agency or school food authority described in subparagraph (A), a tribal organization, or both.
The term infrastructure means a food storage facility, kitchen, food service facility, cafeteria, dining room, or food preparation facility. The term local educational agency has the meaning given the term in section 8101 of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 7801 ). The term school food authority has the meaning given the term in section 210.2 of title 7, Code of Federal Regulations (or a successor regulation). The term tribal organization has the meaning given the term in section 4 of the Indian Self-Determination and Education Assistance Act ( 25 U.S.C. 5304 ).
Subject to the availability of appropriations provided in advance in an appropriations Act specifically for the purpose of carrying out this subsection, the Secretary shall issue a loan guarantee to an eligible entity for purposes of financing the construction, remodeling, or expansion of infrastructure or the purchase of durable equipment that will assist the eligible entity in providing healthy meals through the school meal program under this Act. In issuing a loan guarantee under this subsection, the Secretary shall give a preference to an eligible entity that, as compared with other eligible entities seeking a loan guarantee under this subsection, the Secretary determines demonstrates substantial or disproportionate— need for infrastructure improvement; or durable equipment need or impairment.
The Secretary, acting through the Under Secretary for Rural Development, shall establish procedures to oversee any project or purchase for which a loan guarantee is issued under this subsection. A loan guarantee issued under this subsection may not guarantee more than 80 percent of the principal amount of the loan. The Secretary shall establish fees for loan guarantees under this subsection that, to the maximum extent practicable, are equal to the total cost of the loan guarantees (as defined in section 502(5) of the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661a(5) )), as determined by the Secretary.
If the fees established under subparagraph
(A)are not equal to the total cost of the loan guarantees described in that subparagraph, the Secretary may use the funds made available under paragraph (6)(A) to pay for the costs of loan guarantees not covered by the fees. There is authorized to be appropriated to carry out this subsection $5,000,000 for each of fiscal years 2020 through 2024. The Secretary may use not more than 5 percent of the amount made available to carry out this subsection for each fiscal year to provide technical assistance to applicants and prospective applicants in preparing applications and creating financing packages that leverage a mix of public and private funding sources. Subject to the availability of appropriations provided in advance in an appropriations Act specifically for the purpose of carrying out this subsection, the Secretary shall award competitive grants to State agencies to award subgrants to eligible entities to purchase the durable equipment needed to serve healthy meals, improve food safety, and help support the establishment, maintenance, or expansion of school meal programs. In awarding a subgrant under this subsection, the State agency shall give preference to an eligible entity that, as compared with other eligible entities seeking a subgrant under this subsection, the State agency determines demonstrates substantial or disproportionate— need for infrastructure improvement; or durable equipment need or impairment. There are authorized to be appropriated such sums as may be necessary to carry out this subsection for each of fiscal years 2020 through 2024. The Secretary may use not more than 5 percent of the amount made available to carry out this subsection for each fiscal year to provide technical assistance to applicants and prospective applicants in preparing applications and creating financing packages that leverage a mix of public and private funding sources. .
Connectionstraces to 4
Citation graph
cites case law
Sec. 2
Loan guarantees and grants to finance certain improvements to school lunch facilities
U.S.C.§ 1769g
U.S.C.§ 7801
U.S.C.§ 5304
U.S.C.§ 661a
Cites 4Cited by 0 across 0 sources
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.