S.1413: A bill to amend the Consolidated Farm and Rural Development Act to permit borrowers and grantees to use certain rural development loans and grants for other purposes under certain circumstances.

About This Bill

  • This bill was introduced in the 107th Congress
  • This bill is primarily about economics and public finance
  • Introduced Sept. 10, 2001
  • Latest Major Action Sept. 10, 2001

Bill Cosponsor

Bill Summary

Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Agriculture, upon a determination of changed circumstances, to permit a grantee or loan recipient of rural development funds to use property purchased with such funds, or proceeds from the sale of property purchased with such funds, for another qualifying project or activity.

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Sept. 10, 2001

Introduced in the Senate by Richard G. Lugar (R-Ind.)

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