Sec. 5304. USE OF ADDITIONAL FUNDS FOR DIRECT OPERATING MICROLOANS UNDER CERTAIN CONDITIONS
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## SEC. 5304 USE OF ADDITIONAL FUNDS FOR DIRECT OPERATING MICROLOANS UNDER CERTAIN CONDITIONS Section 346(b) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1994(b)) is amended by adding at the end the following: > > #### “(5) Use of additional funds for direct operating microloans under certain conditions > > > ##### “(A) In general > > If the Secretary determines that the amount needed for a fiscal year for direct operating loans (including microloans) under subtitle B is greater than the aggregate principal amount authorized for that fiscal year by this Act, an appropriations Act, or any other provision of law, the Secretary shall make additional microloans under subtitle B using amounts made available under subparagraph (C). > > > ##### “(B) Notice > > Not later than 15 days before the date on which the Secretary uses the authority under subparagraph (A), the Secretary shall submit a notice of the use of that authority to— > > > ###### “(i) > > the Committee on Appropriations of the House of Representatives; > > > ###### “(ii) > > the Committee on Appropriations of the Senate; > > > ###### “(iii) > > the Committee on Agriculture of the House of Representatives; and > > > ###### “(iv) > > the Committee on Agriculture, Nutrition, and Forestry of the Senate. > > > ##### “(C) Authorization of appropriations > > There is authorized to be appropriated to carry out this paragraph $5,000,000 for each of fiscal years 2019 through 2023.” > .
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Sec. 5304
USE OF ADDITIONAL FUNDS FOR DIRECT OPERATING MICROLOANS UNDER CERTAIN CONDITIONS
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