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7 U.S.C. § 2009e — Rural Development Trust Fund
Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment** There is established in the Treasury of the United States a trust fund which shall be known as the Rural Development Trust Fund (in this subchapter referred to as the “Trust Fund”).
**(b) Accounts** There are established in the Trust Fund the following accounts:
(1) The rural community facilities account.
(2) The rural utilities account.
(3) The rural business and cooperative development account.
(4) The federally recognized Indian tribe account.
**(c) Deposits into accounts** Notwithstanding any other provision of law, each fiscal year—
(1) all amounts made available to carry out the authorities described in subsection (d)(1) for the fiscal year shall be deposited into the rural community facilities account of the Trust Fund;
(2) all amounts made available to carry out the authorities described in subsection (d)(2) for the fiscal year shall be deposited into the rural utilities account of the Trust Fund; and
(3) all amounts made available to carry out the authorities described in subsection (d)(3) for the fiscal year shall be deposited into the rural business and cooperative development account of the Trust Fund.
**(d) Function categories** The function categories described in this subsection are the following:
(1) **Rural community facilities** — The rural community development category consists of all amounts made available for—
(A) community facility direct and guaranteed loans under [section 1926(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1926/a/1&num=0&edition=prelim); or
(B) community facility grants under paragraph (19), (20), or (21) of [section 1926(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1926/a&num=0&edition=prelim).
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Source file: Laws/federal/codes/united-states-code/title-7/section-2009e-rural-development-trust-fund--6a90b226fd.md
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Source location: Title 7, Chapter 50, § 2009e; chapter-050-agricultural-credit.md
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**(a) Establishment** There is established in the Treasury of the United States a trust fund which shall be known as the Rural Development Trust Fund (in this subchapter referred to as the “Trust Fund”).
**(b) Accounts** There are established in the Trust Fund the following accounts:
(1) The rural community facilities account.
(2) The rural utilities account.
(3) The rural business and cooperative development account.
(4) The federally recognized Indian tribe account.
**(c) Deposits into accounts** Notwithstanding any other provision of law, each fiscal year—
(1) all amounts made available to carry out the authorities described in subsection (d)(1) for the fiscal year shall be deposited into the rural community facilities account of the Trust Fund;
(2) all amounts made available to carry out the authorities described in subsection (d)(2) for the fiscal year shall be deposited into the rural utilities account of the Trust Fund; and
(3) all amounts made available to carry out the authorities described in subsection (d)(3) for the fiscal year shall be deposited into the rural business and cooperative development account of the Trust Fund.
**(d) Function categories** The function categories described in this subsection are the following:
(1) **Rural community facilities** — The rural community development category consists of all amounts made available for—
(A) community facility direct and guaranteed loans under [section 1926(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1926/a/1&num=0&edition=prelim); or
(B) community facility grants under paragraph (19), (20), or (21) of [section 1926(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1926/a&num=0&edition=prelim).
(2) **Rural utilities** — The rural utilities category consists of all amounts made available for—
(A) water or waste disposal grants or direct or guaranteed loans under paragraph (1) or (2) of [section 1926(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1926/a&num=0&edition=prelim);
(B) rural water or wastewater technical assistance and training grants under [section 1926(a)(14) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1926/a/14&num=0&edition=prelim);
(C) emergency community water assistance grants under [section 1926a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1926a&num=0&edition=prelim); or
(D) solid waste management grants under [section 1932(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1932/b&num=0&edition=prelim).
(3) **Rural business and cooperative development** — The rural business and cooperative development category consists of all amounts made available for—
(A) business and industry direct and guaranteed loans under [section 1932(a)(2)(A) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1932/a/2/A&num=0&edition=prelim); or
(B) rural business enterprise grants or rural educational network grants under [section 1932(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1932/c&num=0&edition=prelim).
**(e) Federally recognized Indian tribe account**
(1) **Transfers into account** — Each fiscal year, the Secretary shall transfer to the federally recognized Indian tribe account of the Trust Fund 3 percent of the amount deposited into the Trust Fund for the fiscal year under subsection (d).
(2) **Use of funds** — The Secretary shall make available to federally recognized Indian tribes the amounts in the federally recognized Indian tribe account for use pursuant to any authority described in subsection (d).
**(f) Allocation among States** The Secretary shall allocate the amounts in each account specified in subsection (c) among the States in a fair, reasonable, and appropriate manner that takes into consideration rural population, levels of income, unemployment, and other relevant factors, as determined by the Secretary.
**(g) Availability of funds allocated for States** The Secretary shall make available to each State the total amount allocated for the State under subsection (f) that remains after applying [section 2009f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2009f&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary shall make or insure no loan under sections 1922, 1923, 1924, 1934, and 1935 of this title that would cause the unpaid indebtedness under such sections of any one borrower to exceed the smaller of (1) the value of the farm or other security, or (2) in the case of a loan other than a loan guaranteed by the Secretary, $600,000, or, in the case of a loan guaranteed by the Secretary, $1,750,000 (increased, beginning with fiscal year 2019, by the inflation percentage applicable to the fiscal year in which the loan is guaranteed and reduced by the amount of any unpaid indebtedness of the borrower on loans under subchapter II that are guaranteed by the Secretary).
**(b) Determination of value** In determining the value of the farm, the Secretary shall consider appraisals made by competent appraisers under rules established by the Secretary.
**(c) Inflation percentage** For purposes of this section, the inflation percentage applicable to a fiscal year is the percentage (if any) by which—
(1) the average of the Prices Paid By Farmers Index (as compiled by the National Agricultural Statistics Service of the Department of Agriculture) for the 12-month period ending on July 31 of the immediately preceding fiscal year; exceeds
(2) the average of such index (as so defined) for the 12-month period that immediately precedes the 12-month period described in paragraph (1).
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1926
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General authority** Subject to subsection (b) of this section, the State Director 11 So in original. Probably should not be capitalized. of any State may, during any fiscal year, transfer from each account specified in [section 2009d(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2009d/c&num=0&edition=prelim) a total of not more than 25 percent of the amount in the account that is allocated for the State for the fiscal year to any other account in which amounts are allocated for the State for the fiscal year.
**(b) Limitation** Except as provided in subsection (c) of this section, a transfer otherwise authorized by subsection (a) of this section to be made during a fiscal year may not be made to the extent that the sum of the amount to be transferred and all amounts so transferred by State directors under subsection (a) of this section during the fiscal year exceeds 10 percent of the total amount made available to carry out the authorities described in [section 2009d(d) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2009d/d&num=0&edition=prelim) for the fiscal year.
**(c) Exceptions** Subsections (a) and (b) shall not apply to a transfer of funds by a State director if the State director certifies to the Secretary that—
(1) there is an approved application for a project in the function category to which the funds are to be transferred but funds are not available for the project in the function category; and
(2)
(A) there is no such approved application in the function category from which the funds are to be transferred; or
(B) the community that would benefit from the project has a smaller population and a lesser per capita income than any community that would benefi
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 2009f
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 101–624, title XXIII, § 2322, Nov. 28, 1990, 104 Stat. 4010; Pub. L. 102–237, title VII, § 702(f), Dec. 13, 1991, 105 Stat. 1880; Pub. L. 103–354, title II, § 235(b)(6), Oct. 13, 1994, 108 Stat. 3222, related to water and waste facility financing, including provisions relating to authority, limitation, priority, coordination, terms, private sector capital, appropriations, repayment, full use, and replenishment of water and waste facility fund.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1926a
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** In this section:
(1) **Agricultural commodity** — The term “agricultural commodity” has the meaning given the term in [section 5602 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section5602&num=0&edition=prelim).
(2) **Geographically disadvantaged farmer or rancher** — The term “geographically disadvantaged farmer or rancher” has the meaning given the term in section 10906(a) of the Farm Security and Rural Investment Act of 2002 ([7 U.S.C. 2204](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2204&num=0&edition=prelim) note; Public Law 107–171).
**(b) Authorization** Subject to the availability of funds under subsection (d), the Secretary may provide geographically disadvantaged farmers or ranchers direct reimbursement payments for activities described in subsection (c).
**(c) Transportation**
(1) **In general** — Subject to paragraphs (2) and (3), the Secretary may provide direct reimbursement payments to a geographically disadvantaged farmer or rancher to transport an agricultural commodity, or inputs used to produce an agricultural commodity, during a fiscal year.
(2) **Proof of eligibility** — To be eligible to receive assistance under paragraph (1), a geographically disadvantaged farmer or rancher shall demonstrate to the Secretary that transportation of the agricultural commodity or inputs occurred over a distance of more than 30 miles, as determined by the Secretary.
(3) **Amount**
(A) *In general* — Subject to paragraph (2), the amount of direct reimbursement payments made to a geographically disadvantaged farmer or rancher under this section for a fiscal year shall equal the product obtained by multiplying—
(i) the amount of costs incurred by the geographically di
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 8701
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Federal law — U.S. Code and appendices · legal_authorities
Page 1193
TITLE 7—AGRICULTURE
§ 2009f
1 So in original. Probably should not be capitalized.
1932] and described in sections 306C(a)(2), 306D, 306E,
and 381E(d)(2) of such Act be transferred to and
merged with the ‘Rural Water and Waste Disposal
Program Account’ and any other prior balances from
the Rural Development, Rural Community Advance-
ment Program account that the Secretary deter-
mines are appropriate to transfer.’’
§ 2009e. Transfers of funds
(a) General authority
Subject to subsection (b) of this section, the
State Director 1 of any State may, during any
fiscal year, transfer from each account specified
in section 2009d(c) of this title a total of not
more than 25 percent of the amount in the ac-
count that is allocated for the State for the fis-
cal year to any other account in which amounts
are allocated for the State for the fiscal year.
(b) Limitation
Except as provided in subsection (c) of this
section, a transfer otherwise authorized by sub-
section (a) of this section to be made during a
fiscal year may not be made to the extent that
the sum of the amount to be transferred and all
amounts so transferred by State directors under
subsection (a) of this section during the fiscal
year exceeds 10 percent of the total amount
made available to carry out the authorities de-
scribed in section 2009d(d) of this title for the
fiscal year.
(c) Exceptions
Subsections (a) and (b) shall not apply to a
transfer of funds by a State director if the State
director certifies to the Secretary that—
(1) there is an approved application for a
project in the function category to which the
funds are to be transferred but funds are not
available for the project in the function cat-
egory; and
(2)(A) there is no such approved application
in the fun
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 2009e
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.