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USDA/RBS | RIN: 0570-AA80 | Publication ID: Fall 2010 |
Title: ●Rural Business Investment Program (Non-Leveraged)Farm Bill | |
Abstract: Rural Development proposes to promulgate an interim rule for the purpose of facilitating non-leveraged Rural Business Investment Companies. The interim rule will be promulgated as a new subpart to 7 CFR Part 4290, as part of a strategy to help unlock the potential power that rural equity has to finance rural development in a manner that will help rural residents share in the benefits of the economic growth potential of rural America. 7 CFR was published in the Federal Register June 8, 2004. On March 29, 2007, Rural Development published an Advanced Notice of Proposed Rulemaking seeking public input regarding the possibility of operating the Program, in light of the loss of funding as a result of the Deficit Reduction Act of 2006, to provide for non-leveraged Rural Business Investment Companies (RBICs). As a result of the public comments received and statutory modifications provided in the 2008 Farm Bill, Rural Development intends to publish an interim rule for non-leveraged RBICs described above. | |
Agency: Department of Agriculture(USDA) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 7 CFR 4290 | |
Legal Authority: PL 107-171, sec 6029 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Michael Foore Program Policy Advisor, Office of the Administrator Department of Agriculture Rural Business-Cooperative Service STOP 3221, 1400 Independence Avenue SW, STOP 3201, Washington, DC 20250 Phone:202 205-0056 Fax:202 690-4737 Email: michael.foore@wdc.usda.gov |