Sec. 724.
139 words·~1 min read·
/bill/119/hr/8646/rh/section-724A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For loans and loan guarantees that do not require budget authority and for which the program level has been established in this Act, the Secretary of Agriculture may increase the program level for such loans and loan guarantees by not more than 25 percent: That for loans and loan guarantees authorized by Sections 4 and 306 of the Rural Electrification Act of 1936 ( Provided, 7 U.S.C. 936 ) that do not require budget authority and for which the program level has been authorized under this Act, the Secretary of Agriculture may increase the program level for such loans and loan guarantees by not more than 50 percent:
That prior to the Secretary implementing such an increase, the Secretary notifies, in writing, the Committees on Appropriations of both Houses of Congress at least 15 days in advance. Provided further,