Browse Arkansas Code titles and sections
7 U.S.C. § 2009h — Local involvement
Federal law — U.S. Code and appendices · legal_authorities
Page 1195
TITLE 7—AGRICULTURE
§ 2009aa
subsection (e) to any repayments due the United
States as a result of the guarantees.
(g) Outstanding obligations
The total amount of outstanding obligations
guaranteed on a cumulative basis by the Sec-
retary pursuant to subsection (b) shall not at
any time exceed such amount as may be author-
ized to be appropriated for such purpose for any
fiscal year.
(h) Purchase of guaranteed obligations by Fed-
eral Financing Bank
Notes or other obligations guaranteed under
this section may not be purchased by the Fed-
eral Financing Bank.
(i) Full faith and credit
The full faith and credit of the United States
is pledged to the payment of all guarantees
made under this section. Any such guarantee
made by the Secretary shall be conclusive evi-
dence of the eligibility of the obligations for the
guarantee with respect to principal and interest.
The validity of the guarantee shall be incontest-
able in the hands of a holder of the guaranteed
obligations.
(Pub. L. 87–128, title III, § 381H, as added Pub. L.
104–127, title VII, § 761, Apr. 4, 1996, 110 Stat.
1145.)
§ 2009h. Local involvement
An application for assistance under this sub-
chapter shall include evidence of significant
community support for the project for which the
assistance is requested. In the case of assistance
for a community facilities or infrastructure
project, the evidence shall be in the form of a
certification of support for the project from
each affected general purpose local government.
(Pub. L. 87–128, title III, § 381I, as added Pub. L.
104–127, title VII, § 761, Apr. 4, 1996, 110 Stat.
1146.)
§ 2009i. Interstate collaboration
The Secretary shall permit the establishment
of
voluntary
pooling
arrangements
among
States, and region
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 2009h
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Source file: Laws/federal/codes/united-states-code-2024/title-7/section-2009h-local-involvement--46e3f6347b.md
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Source location: USCODE-2024-title7-chap50-subchapV-sec2009h.pdf
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Page 1195
TITLE 7—AGRICULTURE
§ 2009aa
subsection (e) to any repayments due the United
States as a result of the guarantees.
(g) Outstanding obligations
The total amount of outstanding obligations
guaranteed on a cumulative basis by the Sec-
retary pursuant to subsection (b) shall not at
any time exceed such amount as may be author-
ized to be appropriated for such purpose for any
fiscal year.
(h) Purchase of guaranteed obligations by Fed-
eral Financing Bank
Notes or other obligations guaranteed under
this section may not be purchased by the Fed-
eral Financing Bank.
(i) Full faith and credit
The full faith and credit of the United States
is pledged to the payment of all guarantees
made under this section. Any such guarantee
made by the Secretary shall be conclusive evi-
dence of the eligibility of the obligations for the
guarantee with respect to principal and interest.
The validity of the guarantee shall be incontest-
able in the hands of a holder of the guaranteed
obligations.
(Pub. L. 87–128, title III, § 381H, as added Pub. L.
104–127, title VII, § 761, Apr. 4, 1996, 110 Stat.
1145.)
§ 2009h. Local involvement
An application for assistance under this sub-
chapter shall include evidence of significant
community support for the project for which the
assistance is requested. In the case of assistance
for a community facilities or infrastructure
project, the evidence shall be in the form of a
certification of support for the project from
each affected general purpose local government.
(Pub. L. 87–128, title III, § 381I, as added Pub. L.
104–127, title VII, § 761, Apr. 4, 1996, 110 Stat.
1146.)
§ 2009i. Interstate collaboration
The Secretary shall permit the establishment
of
voluntary
pooling
arrangements
among
States, and regional fund-sharing agreements,
to carry out projects receiving assistance under
this subchapter.
(Pub. L. 87–128, title III, § 381J, as added Pub. L.
104–127, title VII, § 761, Apr. 4, 1996, 110 Stat.
1146.)
§ 2009j. Annual report
(a) In general
The Secretary, in collaboration with State,
local, public, and private entities, State rural
development councils, and community-based or-
ganizations, shall prepare an annual report that
contains evaluations, assessments, and perform-
ance outcomes concerning the rural community
advancement programs carried out under this
subchapter.
(b) Submission
Not later than March 1 of each year, the Sec-
retary shall—
(1) submit the report required by subsection
(a) to Congress and the chief executives of the
States participating in the program estab-
lished under this subchapter; and
(2) make the report available to State and
local participants.
(Pub. L. 87–128, title III, § 381K, as added Pub. L.
104–127, title VII, § 761, Apr. 4, 1996, 110 Stat.
1146.)
§ 2009k. Rural development interagency working
group
(a) In general
The Secretary shall provide leadership within
the Executive branch for, and assume responsi-
bility for, establishing an interagency working
group chaired by the Secretary.
(b) Duties
The working group shall establish policy for,
coordinate, make recommendations with respect
to, and evaluate the performance of, all Federal
rural development efforts.
(Pub. L. 87–128, title III, § 381L, as added Pub. L.
104–127, title VII, § 761, Apr. 4, 1996, 110 Stat.
1146.)
§ 2009l. Duties of Rural Economic and Commu-
nity Development State Offices
In carrying out this subchapter, the Director
of a Rural Economic and Community Develop-
ment State Office shall—
(1) to the maximum extent practicable, en-
sure that the State strategic plan referred to
in section 2009c of this title is implemented;
(2) coordinate community development ob-
jectives within the State;
(3) establish links between local, State, and
field office program administrators of the De-
partment of Agriculture;
(4) ensure that recipient communities com-
ply with applicable Federal and State laws and
requirements; and
(5) integrate State development programs
with assistance under this subchapter.
(Pub. L. 87–128, title III, § 381M, as added Pub. L.
104–127, title VII, § 761, Apr. 4, 1996, 110 Stat.
1146.)
§ 2009m. Electronic transfer
The Secretary shall transfer funds in accord-
ance with this subchapter through electronic
transfer as soon as practicable after April 4,
1996.
(Pub. L. 87–128, title III, § 381N, as added Pub. L.
104–127, title VII, § 761, Apr. 4, 1996, 110 Stat.
1147.)
§ 2009n. Repealed. Pub. L. 107–171, title VI,
§ 6026(b), May 13, 2002, 116 Stat. 372
Section, Pub. L. 87–128, title III, § 381O, as added Pub.
L. 104–127, title VII, § 761, Apr. 4, 1996, 110 Stat. 1147, re-
lated to rural venture capital demonstration program.
SUBCHAPTER VI—DELTA REGIONAL
AUTHORITY
§ 2009aa. Definitions
In this subchapter:
Cross-references
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Federal law — U.S. Code and appendices · legal_authorities
**(a) “Eligible public entity” defined** In this section, the term “eligible public entity” means any unit of general local government.
**(b) Guarantee and commitment** The Secretary, on such terms and conditions as the Secretary may prescribe, may guarantee and make commitments to guarantee notes or other obligations issued by eligible public entities, or by public agencies designated by the eligible public entities, for the purposes of financing rural development activities authorized and funded under [section 2009f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2009f&num=0&edition=prelim).
**(c) Limitation** The Secretary may not make a guarantee or commitment to guarantee with respect to a note or other obligation if the total amount of outstanding notes or obligations guaranteed under this section (excluding any amount repaid under the contract entered into under subsection (e)(1)(A)) for issuers in the State would exceed an amount equal to 5 times the sum of the total amount of grants made to the State under [section 2009f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2009f&num=0&edition=prelim).
**(d) Payment of principal, interest, and costs** Notwithstanding any other provision of this subchapter, a State to which a grant is made under [section 2009f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2009f&num=0&edition=prelim) may use the grant (including program income derived from the grant) to pay principal and interest due (including such servicing, underwriting, or other costs as may be specified in regulations of the Secretary) on any note or other obligation guaranteed under this section.
**(e) Repayment contract; security**
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