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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 6616 Loans to economically disadvantaged rural communities us united_states_code code_section 7 AGRICULTURE 95 RURAL REVITALIZATION THROUGH FORESTRY 6616 7 U.S.C. § 6616 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s6616 data/legal/raw/us/code/title-07/usc07.xml c65a6eacab81ba1915d300e59012939b1a0ef95efed50676885115b876c9d52b 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 6b7b7394a09ef8667d66ce4fc1fe948f49f196979d0fec2aa82f0e5a8e5897f9 2026-07-04 official
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7 U.S.C. § 6616 - Loans to economically disadvantaged rural communities

Text

(a) In general The Secretary, under such terms and conditions as the Secretary shall establish, may make loans to economically disadvantaged rural communities for the purposes of securing technical assistance and services to aid in the development and implementation of action plans, including planning for—

(1) improving existing facilities in the community that may generate employment or revenue;

(2) expanding existing infrastructure, facilities, and services to capitalize on opportunities to diversify economies now dependent on National Forest System land resources; and

(3) supporting the development of new industries or commercial ventures unrelated to National Forest System land resources.

(b) Interest rates The interest rates on a loan made pursuant to this section shall be as determined by the Secretary, but not in excess of the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the maturity of such loan, plus not to exceed 1 percent, as determined by the Secretary, and rounded to the nearest one-eighth of 1 percent.

(Pub. L. 101624, title XXIII, § 2378, Nov. 28, 1990, 104 Stat. 4048; Pub. L. 106113, div. B, § 1000(a)(3) [title III, § 345(f)], Nov. 29, 1999, 113 Stat. 1535, 1501A204.)

Notes

Editorial Notes

Amendments1999—Subsec. (a)(2), (3). Pub. L. 106113 substituted “National Forest System land resources” for “national forest resources”.