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42 U.S.C. § 9816 — Interest rates payable on certain rural development loans; assignment of loan contracts
Federal law — U.S. Code and appendices · legal_authorities
**(a) Modification of interest rates** Notwithstanding any other provision of law—
(1) any outstanding loan made after December 31, 1982, by the Secretary of Health and Human Services; or
(2) any loan made after September 30, 1986;
with moneys from the Rural Development Loan Fund established by [section 9812(c)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section9812/c/1&num=0&edition=prelim) or with funds available (before October 27, 1998) under [section 9910(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section9910/a&num=0&edition=prelim) (as in effect before October 27, 1998) to an intermediary borrower shall bear interest at a fixed rate equal to the rate of interest that was in effect on the date of issuance for loans made in 1980 with such moneys or such funds if the weighted average rate of interest for all loans made after December 31, 1982, by such intermediary borrower with such moneys or such funds does not exceed the sum of 6 percent and the rate of interest payable under this subsection by such intermediary borrower.
**(b) Assignment of certain loan contracts** Any contract for a loan made during the period beginning on December 31, 1982, and ending on September 30, 1986, with—
(1) moneys from the Rural Development Loan Fund established by [section 9812(c)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section9812/c/1&num=0&edition=prelim); or
(2) funds available (before October 27, 1998) under [section 9910(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section9910/a&num=0&edition=prelim) (as in effect before October 27, 1998);
to an intermediary borrower that is a county government may be
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Stable record: federal_law:legal_authorities:record_usc_458dde59614ab377d87ca564
Source file: Laws/federal/codes/united-states-code/title-42/section-9816-interest-rates-payable-on-certain-rural-development-loans-assignment-of--30963d9fc6.md
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Source location: Title 42, Chapter 105, § 9816; chapter-105-community-services-programs.md
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**(a) Modification of interest rates** Notwithstanding any other provision of law—
(1) any outstanding loan made after December 31, 1982, by the Secretary of Health and Human Services; or
(2) any loan made after September 30, 1986;
with moneys from the Rural Development Loan Fund established by [section 9812(c)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section9812/c/1&num=0&edition=prelim) or with funds available (before October 27, 1998) under [section 9910(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section9910/a&num=0&edition=prelim) (as in effect before October 27, 1998) to an intermediary borrower shall bear interest at a fixed rate equal to the rate of interest that was in effect on the date of issuance for loans made in 1980 with such moneys or such funds if the weighted average rate of interest for all loans made after December 31, 1982, by such intermediary borrower with such moneys or such funds does not exceed the sum of 6 percent and the rate of interest payable under this subsection by such intermediary borrower.
**(b) Assignment of certain loan contracts** Any contract for a loan made during the period beginning on December 31, 1982, and ending on September 30, 1986, with—
(1) moneys from the Rural Development Loan Fund established by [section 9812(c)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section9812/c/1&num=0&edition=prelim); or
(2) funds available (before October 27, 1998) under [section 9910(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section9910/a&num=0&edition=prelim) (as in effect before October 27, 1998);
to an intermediary borrower that is a county government may be assigned by such borrower to an entity to which such loan could have been made for the purpose for which such contract was made. Any entity to which such contract is so assigned shall be substituted as a party to such contract and shall be obligated to carry out such contract and the purpose for which such contract was made.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authorization** The Secretary is authorized to make grants, in accordance with the provisions of this subchapter, to States to assist low-income households, particularly those with the lowest incomes, that pay a high proportion of household income for home energy, primarily in meeting their immediate home energy needs.
**(b) Authorization of appropriations** There are authorized to be appropriated to carry out the provisions of this subchapter (other than [section 8626a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section8626a&num=0&edition=prelim)), $2,000,000,000 for each of fiscal years 1995 through 1999, such sums as may be necessary for each of fiscal years 2000 and 2001, and $5,100,000,000 for each of fiscal years 2005 through 2007. The authorizations of appropriations contained in this subsection are subject to the program year provisions of subsection (c).
**(c) Availability of appropriations** Amounts appropriated under this section for any fiscal year for programs and activities under this subchapter shall be made available for obligation in the succeeding fiscal year.
**(d) Authorization of appropriations for leveraged resources**
(1) There is authorized to be appropriated to carry out [section 8626a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section8626a&num=0&edition=prelim), $30,000,000 for each of fiscal years 1999 through 2004, except as provided in paragraph (2).
(2) For any of fiscal years 1999 through 2004 for which the amount appropriated under subsection (b) is not less than $1,400,000,000, there is authorized to be appropriated $50,000,000 to carry out [section 8626a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section86
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 8621
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Private nonprofit entities**
(1) **Board** — In order for a private, nonprofit entity to be considered to be an eligible entity for purposes of [section 9902(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section9902/1&num=0&edition=prelim), the entity shall administer the community services block grant program through a tripartite board described in paragraph (2) that fully participates in the development, planning, implementation, and evaluation of the program to serve low-income communities.
(2) **Selection and composition of board** — The members of the board referred to in paragraph (1) shall be selected by the entity and the board shall be composed so as to assure that—
(A) ⅓ of the members of the board are elected public officials, holding office on the date of selection, or their representatives, except that if the number of such elected officials reasonably available and willing to serve on the board is less than ⅓ of the membership of the board, membership on the board of appointive public officials or their representatives may be counted in meeting such ⅓ requirement;
(B)
(i) not fewer than ⅓ of the members are persons chosen in accordance with democratic selection procedures adequate to assure that these members are representative of low-income individuals and families in the neighborhood served; and
(ii) each representative of low-income individuals and families selected to represent a specific neighborhood within a community under clause (i) resides in the neighborhood represented by the member; and
(C) the remainder of the members are officials or members of business, industry, labor, religious, law enforcement, education, or other major groups and interests in the community served.
**(b)
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 9910
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Grants** The Secretary may, through grants to public and private, nonprofit agencies, provide for community-based, local, statewide, and national programs—
(1) to coordinate private and public food assistance resources, wherever the grant recipient involved determines such coordination to be inadequate, to better serve low-income populations;
(2) to assist low-income communities to identify potential sponsors of child nutrition programs and to initiate such programs in underserved or unserved areas; and
(3) to develop innovative approaches at the State and local level to meet the nutrition needs of low-income individuals.
**(b) Allotments and distribution of funds**
(1) **Not to exceed $6,000,000 in appropriations** — Of the amount appropriated for a fiscal year to carry out this section (but not to exceed $6,000,000), the Secretary shall distribute funds for grants under subsection (a) as follows:
(A) *Allotments* — From a portion equal to 60 percent of such amount (but not to exceed $3,600,000), the Secretary shall allot for grants to eligible agencies for statewide programs in each State the amount that bears the same ratio to such portion as the low-income and unemployed population of such State bears to the low-income and unemployed population of all the States.
(B) *Competitive grants* — From a portion equal to 40 percent of such amount (but not to exceed $2,400,000), the Secretary shall make grants on a competitive basis to eligible agencies for local and statewide programs.
(2) **Greater available appropriations** — Any amounts appropriated for a fiscal year to carry out this section in excess of $6,000,000 shall be allotted as follows:
(A) *Allotments* — The Secretary shall use 40 percent of such excess to allot for grants under subsection
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 9922
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary shall make available a model program to provide grants to public and private nonprofit organizations and community housing development organizations to provide technical and supervisory assistance to low-income and very low-income families, including the homeless, in acquiring, rehabilitating, and constructing housing by the self-help housing method.
**(b) Rehabilitation of properties** The program shall target for rehabilitation properties which have been acquired by the Federal, State, or local governments.
**(c) Homeownership opportunities through sweat equity**
(1) The program shall utilize the skilled or unskilled labor of eligible families in exchange for acquisition of the property.
(2) Training shall be provided to eligible families in building and home maintenance skills.
**(d) Rental opportunities through sweat equity**
(1) The program shall include rental opportunities for eligible families which will help expand the stock of affordable housing which is most appropriate for the target group.
(2) The use of the tenant’s skilled or unskilled labor shall be encouraged in lieu of or as a supplement to rent payments by the tenant.
**(e) “Self-help housing” defined** The term “self-help housing” means the same as in [section 1490c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1490c&num=0&edition=prelim).
**(f) Additional restrictions** The guidelines for the model program shall generally comport with the additional protections and restrictions specified under [section 1490c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1490c&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 12810
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Federal law — U.S. Code and appendices · legal_authorities
Page 7830
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 9815
1 See References in Text note below.
2 So in original. Probably should be ‘‘Public’’.
1 See References in Text note below.
bers of urban and rural cooperatives shall in-
clude on-the-job training, classroom instruction,
and scholarships to assist them in development,
managerial,
entrepreneurial,
planning,
and
other technical and organizational skills which
will contribute to the effectiveness of programs
assisted under this subchapter.
(Pub. L. 97–35, title VI, § 625, Aug. 13, 1981, 95
Stat. 496.)
§ 9815. Small Business Administration and De-
partment of Commerce economic develop-
ment programs; regulations
(a)(1) Funds granted under this subchapter
which are invested directly or indirectly, in a
small investment company, local development
company, limited small business investment
company, or small business investment com-
pany licensee under section 681(d) 1 of title 15
shall be included as ‘‘private paid-in capital and
paid-in surplus’’, ‘‘combined paid-in capital and
paid-in surplus’’, and ‘‘paid-in capital’’ for pur-
poses of sections 682, 683, and 696, respectively,
of title 15.
(2) Not later than 90 days after August 13, 1981,
the Administrator of the Small Business Admin-
istration, after consultation with the Secretary,
shall promulgate regulations to ensure the
availability to community development cor-
porations of such programs as shall further the
purposes of this subchapter, including programs
under section 637(a) of title 15.
(b)(1) Areas selected for assistance under this
subchapter shall be deemed ‘‘redevelopment
areas’’ within the meaning of section 401 of the
Publc 2 Works and Economic Development Act of
1965,1 shall qualify for assistance under the pro-
visions
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 9816
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.