7 U.S.C. § 2009D
Section 2009d · Rural Development Trust Fund
Current version, with additions and removals from the November 9, 2000 version.
There is established in the Treasury of the United States a trust fund which shall be known as the Rural Development Trust Fund (in this subchapter referred to as the “Trust Fund”).
There is established in the Treasury of the United States a trust fund which shall be known as the Rural Development Trust Fund (in this subchapter referred to as the "Trust Fund").
There are established in the Trust Fund the following accounts:
There are established in the Trust Fund the following accounts:
(1) The rural community facilities account.
(1) The rural community facilities account.
(2) The rural utilities account.
(2) The rural utilities account.
(3) The rural business and cooperative development account.
(3) The rural business and cooperative development account.
(5) The federally recognized Indian tribe account.
Notwithstanding any other provision of law, each fiscal year—
Notwithstanding any other provision of law, each fiscal year—
The function categories described in this subsection are the following:
The function categories described in this subsection are the following:
(1) Rural community facilities
(1) Rural community facilities
The rural community development category consists of all amounts made available for—
The rural community development category consists of all amounts made available for—
(A) community facility direct and guaranteed loans under section 1926(a)(1) of this title; or
(A) community facility direct and guaranteed loans under section 1926(a)(1) of this title; or
(B) community facility grants under paragraph (19), (20), or (21) of section 1926(a) of this title.
(B) community facility grants under paragraph (19), (20), or (21) of section 1926(a) of this title.
(2) Rural utilities
(2) Rural utilities
The rural utilities category consists of all amounts made available for—
The rural utilities category consists of all amounts made available for—
(A) water or waste disposal grants or direct or guaranteed loans under paragraph (1) or (2) of section 1926(a) of this title;
(A) water or waste disposal grants or direct or guaranteed loans under paragraph (1) or (2) of section 1926(a) of this title;
(B) rural water or wastewater technical assistance and training grants under section 1926(a)(14) of this title;
(B) rural water or wastewater technical assistance and training grants under section 1926(a)(14) of this title;
(C) emergency community water assistance grants under section 1926a of this title; or
(C) emergency community water assistance grants under section 1926a of this title; or
(D) solid waste management grants under section 1932(b) of this title.
(D) solid waste management grants under section 1932(b) of this title.
(3) Rural business and cooperative development
(3) Rural business and cooperative development
The rural business and cooperative development category consists of all amounts made available for—
The rural business and cooperative development category consists of all amounts made available for—
(C) rural business enterprise grants or rural educational network grants under section 1932(c) of this title.
(1) Transfers into account
(A) Initial transfer
Each fiscal year, the Secretary shall transfer to the national reserve account of the Trust Fund from each account specified in subsection (c) of this section not more than the applicable percentage of the amount deposited in each such account for the fiscal year under subsection (c) of this section.
(B) Repooling of unobligated funds allocated among the States
Not earlier than July 15 of each fiscal year, the Secretary shall transfer to the national reserve account from each account specified in subsection (c) of this section any amount in the account that is allocated for any State, and has not been obligated by the State director or obligated for specific approved projects in the State.
(2) Use
The Secretary may use amounts in the national reserve account of the Trust Fund, pursuant to any authority described in subsection (d) of this section—
(A) in the case of a fiscal year other than fiscal year 2001 or 2002—
(i) to meet situations of exceptional need;
(ii) to meet emergency situations; or
(iii) to provide funds to entities whose applications for funds provided under this subchapter have been approved and who have not received funds sufficient to meet the needs of the projects described in the applications; or
(B) in the case of fiscal years 2001 and 2002—
(i) to meet situations of exceptional need; or
(ii) to meet emergency situations.
(3) “Applicable percentage” defined
In paragraph (1), the term “applicable percentage” means, with respect to a fiscal year—
(A) 15 percent for fiscal year 1997;
(B) 12.5 percent for fiscal year 1998;
(C) 10 percent for fiscal year 1999;
(D) 7.5 percent for fiscal year 2000;
(E) 5 percent for fiscal year 2001; and
(F) 5 percent for fiscal year 2002.
(1) Transfers into account
(1) Transfers into account
(2) Use of funds
(2) Use of funds