Sec. 6422. Rural microentrepreneur assistance program
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Section 379E of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 2008s ) is amended— in subsection (a)(4), by striking $50,000 and inserting $75,000 ; in subsection (c)(1)(A), by striking shall not exceed 75 percent and inserting may be up to 100 percent, and a loan under this section for a project may be used to cover not more than 50 percent of any renovation, construction, or related costs of real estate improvements under the project ; in subsection (c)(1)(B), by inserting (or 5 percent, in the case of a microenterprise development organization serving a persistent poverty county, as determined by the Secretary) before of the total amount ; and in subsection (d), by striking 2019 through 2023 and inserting 2027 through 2031 .
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Sec. 6422
Rural microentrepreneur assistance program
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