What does this program do? The Rural Economic Development Loan and Grant program provides funding for rural projects through local utility organizations. USDA provides zero-interest loans to local utilities which they, in turn, pass through to local businesses (ultimate recipients) for projects that will create and retain employment in rural areas. The ultimate recipients repay the lending utility directly. The utility then is responsible for
repayment to USDA. USDA provides grants to local utility organizations which use the funding to establish Revolving Loan Funds (RLF). Loans are made from the revolving loan funds to projects that will create or retain rural jobs. When the revolving loan fund is terminated, the grant is repaid to USDA. Who may apply to this program? To receive funding (which will be forwarded to selected eligible projects), an entity must be:
What is an eligible area? Intermediaries may use funds to lend for projects in rural areas or towns with a population of fewer than 50,000 residents. How much funding is available to local utilities?
The local utility applies to USDA for funding support on behalf of specified local projects. Projects may begin after an application is submitted, but there is no guarantee of approval. USDA funds are issued to the local utility at project completion. What are the terms for the local utility?
How may funds be used? The local utility passes the funding to ultimate recipients for such eligible projects as:
How much funding is available to business and community borrowers (the ultimate recipients) through the Revolving Loan Fund? An ultimate recipient may request up to 80 percent of project costs using these funds, with the remainder provided by the ultimate recipient or the local utility. What are the terms on the loan to the ultimate recipient?
How do we get started? Applications for this program are accepted through your local office year-round. You should work with your local office to acquire the documents needed to submit an application. Who can answer questions? What law governs this program?
Why does USDA Rural Development do this? Rural Development undertakes this program in order to promote rural economic development and job creation projects. NOTE: Because citations and other information may be subject to change, please always consult the program instructions listed in the section above titled “What law governs this program?” You may also contact your local office for assistance. The following question(s) refer to the passage below. "Between the eighth and tenth centuries Arabs brought back from India a variety of crops that they then began cultivating in the Middle East. These included staple crops such as hard wheat, rice, sugarcane, and new varieties of sorghum; fruits such as banana, sour orange, lemon, lime, mango, watermelon, and the coconut palm; vegetables such as spinach, artichoke, and eggplant; and the key industrial crop, cotton. From Iraq, many of these crops then spread westward all the way to Muslim Spain, which was transformed into a veritable garden under Muslim rule. Other crops passed by ship from southern Arabia to East Africa, while still others moved by caravan from northwest Africa across the Sahara to tropical West Africa. This was especially true for cotton, whose diffusion in Africa directly paralleled the spread of Islam itself." Richard Eaton, United States historian of South Asia, Islamic History as Global History, 1990. The passage can most directly be used to illustrate which of the following aspects of the environmental history of the period 600-1450 C.E.? |