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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. § 2009cc1 Purposes us united_states_code code_section 7 AGRICULTURE 50 AGRICULTURAL CREDIT 2009cc1 7 U.S.C. § 2009cc1 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/s2009cc1 data/legal/raw/us/code/title-07/usc07.xml 19d99663e26d854636b0f6f9a9a3a07d048de8d65b944fb3f6a68af62b59eee4 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 ffb6ecc000f5052a2e7931ad5923935c042595a0575254d314601f4913098f80 2026-07-04 official
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7 U.S.C. § 2009cc1 - Purposes

Text

The purposes of the Rural Business Investment Program established under this subchapter are—

(1) to promote economic development and the creation of wealth and job opportunities in rural areas and among individuals living in those areas by encouraging developmental capital investments in smaller enterprises primarily located in rural areas; and

(2) to establish a developmental capital program, with the mission of addressing the unmet equity investment needs of small enterprises located in rural areas, by authorizing the Secretary—

(A) to enter into participation agreements with rural business investment companies;

(B) to guarantee debentures of rural business investment companies to enable each rural business investment company to make developmental capital investments in smaller enterprises in rural areas; and

(C) to make grants to rural business investment companies, and to other entities, for the purpose of providing operational assistance to smaller enterprises financed, or expected to be financed, by rural business investment companies.

(Pub. L. 87128, title III, § 384B, as added Pub. L. 107171, title VI, § 6029, May 13, 2002, 116 Stat. 391; amended Pub. L. 115334, title VI, § 6426(b), Dec. 20, 2018, 132 Stat. 4770.)

Notes

Editorial Notes

AmendmentsPar. (1). Pub. L. 115334, § 6426(b)(1), struck out “venture” before “capital investments”. Par. (2). Pub. L. 115334, § 6426(b)(2)(A), struck out “venture” before “capital program” in introductory provisions. Par. (2)(B). Pub. L. 115334, § 6426(b)(2)(B), struck out “venture” before “capital investments”.