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USDA/RBS

RIN: 0570-AA82

Publication ID: Spring 2011

Title: ●Cooperative Equity Security Guarantee
Abstract: Section 6012 of the 2008 Farm Bill provided eligibility for cooperative equity security guarantees for the B&I program. The B&I regulation (RD Instruction 4279-B) will be amended to add this as an eligible loan purpose by specifically allowing the purchase of preferred stock or similar equity issued by a cooperative organization, or a fund that invests primarily in cooperative organizations, if the guarantee will significantly benefit one or more eligible entities. No new entities will be eligible under this provision, as cooperative organizations are already eligible for loan guarantees; it simply makes loan guarantees for the purchase of preferred stock or similar equity eligible for loan guarantees.
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 4279-B     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: PL 110-234

Legal Deadline:  None

Timetable: Action Date FR Cite Final Action  06/00/2011

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: Brenda Griffin Loan Specialist, B&I Processing Division Department of Agriculture Rural Business-Cooperative Service Room 6847/Stop 3224, 1400 Independence Avenue SW., Washington, DC 20250 Phone:202 720-6802 Fax:202 720-6003 Email: brenda.griffin@wdc.usda.gov