[Code of Federal Regulations]
[Title 7, Volume 11]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1703.10]

[Page 26]
 
                          TITLE 7--AGRICULTURE
 
    CHAPTER XVII--RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE
 
PART 1703--RURAL DEVELOPMENT--Table of Contents
 
      Subpart B--Rural Economic Development Loan and Grant Program
 
Sec. 1703.10  Purpose.

    Source: 57 FR 44317, Sept. 25, 1992, unless otherwise noted.


    (a) This subpart sets forth RUS's policies and procedures for making 
zero-interest loans and grants to borrowers in accordance with the 
cushion of credit payments program authorized in section 313 of the Act 
(7 U.S.C. 940c).
    (b) The zero-interest loans and grants are provided for the purpose 
of promoting rural economic development and job creation projects.