Sec. 6019. RURAL WATER AND WASTE DISPOSAL INFRASTRUCTURE
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## SEC. 6019 RURAL WATER AND WASTE DISPOSAL INFRASTRUCTURE Section 333 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1983) is amended— ####
(1)in the matter preceding paragraph (1), by striking “require”; ####
(2)in paragraph (1), by inserting “require” after “(1)”; ####
(3)in paragraph (2), by inserting “, require” after “314”; ####
(4)in paragraph (3), by inserting “require” after “loans,”; ####
(5)in paragraph (4)— #####
(A)by inserting “require” after “(4)”; and #####
(B)by striking “and” after the semicolon; ####
(6)in paragraph (5)— #####
(A)by inserting “require” after “(5)”; and #####
(B)by striking the period at the end and inserting “; and”; and ####
(7)by adding at the end the following: > > #### “(6) > > in the case of water and waste disposal direct and guaranteed loans provided under section 306, encourage, to the maximum extent practicable, private or cooperative lenders to finance rural water and waste disposal facilities by— > > > ##### “(A) > > maximizing the use of loan guarantees to finance eligible projects in rural communities in which the population exceeds 5,500; > > > ##### “(B) > > maximizing the use of direct loans to finance eligible projects in rural communities if the impact on ratepayers will be material when compared to financing with a loan guarantee; > > > ##### “(C) > > establishing and applying a materiality standard when determining the difference in impact on ratepayers between a direct loan and a loan guarantee; > > > ##### “(D) > > in the case of projects that require interim financing in excess of $500,000, requiring that the projects initially seek the financing from private or cooperative lenders; and > > > ##### “(E) > > determining if an existing direct loan borrower can refinance with a private or cooperative lender, including with a loan guarantee, prior to providing a new direct loan.” > .
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Sec. 6019
RURAL WATER AND WASTE DISPOSAL INFRASTRUCTURE
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