7 U.S. Code § 1983b - Beginning farmer and rancher individual development accounts pilot program
The term “individual development account” means a savings account described in subsection (b)(4)(A).
The Secretary shall issue guidance regarding the investment requirements of reserve funds established under this paragraph.
At the end of the period described in clause (i), any funds remaining in an individual development account established for an eligible participant shall revert to the reserve fund of the demonstration program under which the account was established.
The aggregate amount of grant funds provided to a demonstration program carried out under this section shall not exceed $250,000.
A qualified entity shall submit each report required under subparagraph (A) to the Secretary.
Not later than 1 year after the date on which all demonstration programs under this section are concluded, the Secretary shall submit to Congress a final report that describes the results and findings of all reports and evaluations carried out under this section.
There is authorized to be appropriated to carry out this section $5,000,000 for each of fiscal years 2008 through 2018.
The date of enactment of this section, referred to in subsec. (c)(4), is the date of enactment of Pub. L. 110–246, which was approved June 18, 2008.
A prior section 1983b, Pub. L. 87–128, title III, § 333B, as added Pub. L. 99–198, title XIII, § 1313(a), Dec. 23, 1985, 99 Stat. 1525; amended Pub. L. 100–233, title VI, § 608, Jan. 6, 1988, 101 Stat. 1667; Pub. L. 101–624, title XVIII, § 1812, Nov. 28, 1990, 104 Stat. 3821, related to appeals from adverse decisions under the Consolidated Farm and Rural Development Act, prior to repeal by Pub. L. 103–354, title II, § 281(c), Oct. 13, 1994, 108 Stat. 3233. See section 6991 et seq. of this title.
2014—Subsec. (h). Pub. L. 113–79 substituted “2018” for “2012”.
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