Sec. 383N. AUTHORIZATION OF APPROPRIATIONS

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## SEC. 383N AUTHORIZATION OF APPROPRIATIONS **[**[7 U.S.C. 2009bb–12](/us/usc/t7/s2009bb–12)**]** ###

(a)In General There is authorized to be appropriated to the Authority to carry out this subtitle $40,000,000 for each of fiscal years 2025 through 2029, to remain available until expended. ###

(b)Administrative Expenses Not more than 5 percent of the amount appropriated under subsection

(a)for a fiscal year shall be used for administrative expenses of the Authority. ###

(c)Minimum State Share of Grants Notwithstanding any other provision of this subtitle, for any fiscal year, the aggregate amount of grants received by a State and all persons or entities in the State under this subtitle shall be not less than ⅓ of the product obtained by multiplying— ####

(1)the aggregate amount of grants under this subtitle for the fiscal year; and ####

(2)the ratio that— #####

(A)the population of the State (as determined by the Secretary of Commerce based on the most recent decennial census for which data are available); bears to #####

(B)the population of the region (as so determined). ## Subtitle H Rural Business Investment Program

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7 USC 2009bb–12

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Sec. 383N

AUTHORIZATION OF APPROPRIATIONS

Cite7 USC 2009bb–12

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