Sec. 5203. Microloans
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/bill/118/s/5335/is/section-5203A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 313(c) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1943(c) ) is amended— in paragraph (2), by striking $50,000 and inserting $100,000 ; and in paragraph (4)(A), in the matter preceding clause (i), by striking 2023 and inserting 2029 . Section 316(a)(2) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1946(a)(2) ) is amended— in the matter preceding subparagraph (A)— by striking 2501(e) and inserting 2501(a) ; and by striking 2279(e)), and inserting 2279(a)), ; and by striking not be— in the matter preceding subparagraph
(A)and all that follows through the period at the end of subparagraph
(B)and inserting be equal to the interest rate for direct farm operating loans under this subtitle, not to exceed 5 percent per year. .
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