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Code · BILL · 118th Congress · S. 5335 (Introduced in Senate) — To provide for the reform and continuation of agricultural and other programs of the Department of Agriculture throug... · Sec. 6426

Sec. 6426. Rural microentrepreneur assistance program

141 words·~1 min read·/bill/118/s/5335/is/section-6426

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Section 379E of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 2008s ) is amended— in subsection (a)— by striking paragraph
(1)and inserting the following: The term Indian tribe means an Indian Tribe or a Tribal organization (as those terms are defined in section 4 of the Indian Self-Determination and Education Assistance Act ( 25 U.S.C. 5304 )). ; and in paragraph (4), by striking $50,000 and inserting $75,000 ; in subsection (b)(3), by adding at the end the following: A loan made by the Secretary to a microenterprise development organization under this paragraph may— be used for 100 percent of a loan to a rural microenterprise; and provide up to 50 percent of the cost of demolition and construction and related costs of real estate. ; and in subsection (d), by striking 2023 and inserting 2029 .
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Sec. 6426
Rural microentrepreneur assistance program
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