7 U.S. Code § 2009dd–6 - Rural endowment loans program
(a) In general
The Secretary may provide long-term loans to eligible community foundations to assist in the implementation of regional investment strategies.
(b) Eligible community foundations
To be eligible to receive a loan under this section, a community foundation shall—
(2) match the amount of the loan with an amount that is at least 250 percent of the amount of the loan; and
Source(Pub. L. 87–128, title III, § 385G, as added Pub. L. 107–171, title VI, § 6030,May 13, 2002, 116 Stat. 408; amended Pub. L. 110–234, title VI, § 6028,May 22, 2008, 122 Stat. 1193; Pub. L. 110–246, § 4(a), title VI, § 6028,June 18, 2008, 122 Stat. 1664, 1955.)
Pub. L. 110–234and Pub. L. 110–246made identical amendments to this section. The amendments by Pub. L. 110–234were repealed by section 4(a) ofPub. L. 110–246.
2008—Pub. L. 110–246, § 6028, amended section generally. Prior to amendment, section provided for competitive innovation grants to be made to Regional Boards.
Effective Date of 2008 Amendment