Amends the Consolidated Farm and Rural Development Act to replace the current five percent interest ceiling on loans for water and waste disposal and community facilities with an adjustable ceiling based on current market yields for outstanding municipal obligations, plus not more than one percent.
Other Measure S.884 (Amended) Passed House in Lieu.
Read second time and referred to Senate Committee on Agriculture.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
Referred to Subcommittee on Conservation Credit and Rural Development.
For Further Action See H.R.3603.
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