§ 936f. Substantially underserved trust areas
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(a)Definitions In this section:
(1)Eligible program The term “eligible program” means a program administered by the Rural Utilities Service and authorized in—
(A)this chapter; or
(B)paragraph (1), (2), (14), (22), or
(24)of section 1926(a) of this title or section 1926a, 1926c, 1926d, or 1926e of this title.
(2)Substantially underserved trust area The term “substantially underserved trust area” means a community in “trust land” (as defined in section 3765 of title 38) with respect to which the Secretary determines has a high need for the benefits of an eligible program.
(b)Initiative The Secretary, in consultation with local governments and Federal agencies, may implement an initiative to identify and improve the availability of eligible programs in communities in substantially underserved trust areas.
(c)Authority of Secretary In carrying out subsection (b), the Secretary—
(1)may make available from loan or loan guarantee programs administered by the Rural Utilities Service to qualified utilities or applicants financing with an interest rate as low as 2 percent, and with extended repayment terms;
(2)may waive nonduplication restrictions, matching fund requirements, or credit support requirements from any loan or grant program administered by the Rural Utilities Service to facilitate the construction, acquisition, or improvement of infrastructure;
(3)may give the highest funding priority to designated projects in substantially underserved trust areas; and
(4)shall only make loans or loan guarantees that are found to be financially feasible and that provide eligible program benefits to substantially underserved trust areas.
(d)Report Not later than 1 year after the date of enactment of this section and annually thereafter, the Secretary shall submit to Congress a report that describes—
(1)the progress of the initiative implemented under subsection (b); and
(2)recommendations for any regulatory or legislative changes that would be appropriate to improve services to substantially underserved trust areas.
(May 20, 1936, ch. 432, title III, § 306F, as added Pub. L. 110–234, title VI, § 6105, May 22, 2008, 122 Stat. 1196, and Pub. L. 110–246, § 4(a), title VI, § 6105, June 18, 2008, 122 Stat. 1664, 1957.)
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Cited by 37 sections · top 32
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- Public Law 117–58To authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes
- Public Law 110–234To provide for the continuation of agricultural programs through fiscal year 2012, and for other purposes
- Public Law 110–246To provide for the continuation of agricultural and other programs of the Department of Agriculture through fiscal year 2012, and for other purposes
- Public Law 116–260Making consolidated appropriations for the fiscal year ending September 30, 2021, providing coronavirus emergency response and relief, and for other purposes
statute-compilations
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- Sec. 6002Conforming amendments
- Sec. 6002Conforming amendments
- Sec. 6002Conforming amendments
- Sec. 6002Conforming amendments
- Sec. 6002Conforming amendments
- Sec. 3Substantially underserved trust areas
- Sec. 2Housing Act amendments
- Sec. 2Expansion and clarification of existing authority
- Sec. 3STEM education facilities; career and technical education facilities
- Sec. 2Definitions
- Sec. 201Rural Utilities Service
- Sec. 3STEM education facilities; career and technical education facilities
- Sec. 201Rural Utilities Service
- Sec. 3STEM education facilities; career and technical education facilities
- Sec. 2Definitions
- Sec. 3Definitions
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9 references not yet in our index
- May 20, 1936, ch. 432
- Pub. L. 110–234, title VI, § 6105
- 122 Stat. 1196
- Pub. L. 110–246, § 4(a)
- 122 Stat. 1664
- Pub. L. 110–246
- Pub. L. 110–234
- section 4(a) of Pub. L. 110–246
- section 4 of Pub. L. 110–246
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§ 936f
Substantially underserved trust areas
Bills×19
Fed. Reg.×9
Stat.×4
Pub. L.×2
Stat. Comp.×2
U.S.C.×1
ActMay 20, 1936, ch. 432
Pub. L.Pub. L. 110–234, title VI, § 6105
Stat.122 Stat. 1196
Pub. L.Pub. L. 110–246, § 4(a)
Stat.122 Stat. 1664
Cites 12 · showing 8Cited by 37 across 6 sources