7 U.S. Code § 2009cc–7 - Operational assistance grants
Grants made under this section shall be made over a multiyear period (not to exceed 10 years) under such terms as the Secretary may require.
The proceeds of a grant made under this section may be used by the rural business investment company receiving the grant only to provide operational assistance in connection with an equity or prospective equity investment in a business located in a rural area.
The amount of a grant made under this section to any entity other than a rural business investment company shall be equal to the resources (in cash or in kind) raised by the entity in accordance with the requirements applicable to rural business investment companies under this subchapter.
LII has no control over and does not endorse any external Internet site that contains links to or references LII.