S.Amdt. 2434
What it does: Inserts new text at the end of section 3002(28) of the Consolidated Farm and Rural Development Act (as amended by section 6001)
Sen. Roy Blunt (R-MO)What it changes
1 change to S. 3240
Inserts new text at the end of section 3002(28) of the Consolidated Farm and Rural Development Act (as amended by section 6001)
InsertsInserted: (D) Exception.--
Inserted: (i) In general.--Notwithstanding any other provision of this paragraph, the Secretary may determine on a case-by-case basis that a project funded under this title is in a rural area if the project meets the criteria described in clause (ii).
Inserted: (ii) Criteria.--To be considered for a waiver under clause (i), a project shall, as determined by the Secretary--
Inserted: (I) receive a direct or guaranteed loan under section 3502;
Inserted: (II) be subject to match in an amount equal to 100 percent of the loan in the case of a Federal loan, or Federal loan guarantee in case of a guaranteed loan, with funds from non-Federal sources;
Inserted: (III) serve regional and national purposes; and
Inserted: (IV) primarily support agribusiness, specifically in relation to agribusiness education.
Original wording
In section 3002(28) of the Consolidated Farm and Rural Development Act (as amended by section 6001), add at the end the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2434. Mr. BLUNT submitted an amendment intended to be proposed by him to the bill S. 3240, to reauthorize agricultural programs through 2017, and for other purposes; which was ordered to lie on the table; as follows:
In section 3002(28) of the Consolidated Farm and Rural Development Act (as amended by section 6001), add at the end the following:
“(D) Exception.--
“(i) In general.--Notwithstanding any other provision of this paragraph, the Secretary may determine on a case-by-case basis that a project funded under this title is in a rural area if the project meets the criteria described in clause (ii).
“(ii) Criteria.--To be considered for a waiver under clause (i), a project shall, as determined by the Secretary--
“(I) receive a direct or guaranteed loan under section 3502;
“(II) be subject to match in an amount equal to 100 percent of the loan in the case of a Federal loan, or Federal loan guarantee in case of a guaranteed loan, with funds from non-Federal sources;
“(III) serve regional and national purposes; and
“(IV) primarily support agribusiness, specifically in relation to agribusiness education.
Legislative Activity
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Senate amendment submitted
June 14, 2012