S.Amdt. 532Senate111th Congress (2009-2011)2nd degree
S.Amdt. 532
Sponsored by
Sen. Mark L. Pryor (D-AR)
Submitted February 6, 2009
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Senate amendment submitted
February 6, 2009
Text
Submitted
SA 532. Mr. PRYOR (for himself and Mrs. Lincoln) submitted an amendment intended to be proposed to amendment SA 98 proposed by Mr. Inouye (for himself and Mr. Baucus) to the bill H.R. 1, making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for fiscal year ending September 30, 2009, and for other purposes; which was ordered to lie on the table; as follows: On page 8, line 10, before the period, insert the following: ``: Provided, That, in making loans, loan guarantees, and grants using funds made available under this heading, the Secretary of Agriculture may waive the application requirements related to project development cost ratios and income, if the waiver is appropriate to expedite use of the funds and the applicable annual median income of the community does not exceed the greater of 120 percent of the applicable annual State median income requirement or $50,000''. ______