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© 2009, Ice Miller LLP | |||
| Impact | Guidelines Under Stimulus Package | Contact | ||
| Agriculture and Rural Development | Melissa Proffitt Reese - melissa.reese@icemiller.com | |||
| Infrastructure and Water Programs | $4.8 billion in farm aid and rural development grants, loans and guarantees | To be used for broadband infrastructure programs and rural water, waste water, and waste disposal programs. | ||
| Flood Prevention and Rehabilitation | $340 million in funding | Department of Agriculture will be required to allocate this funding for flood prevention and rehabilitation. | ||
| Guaranteed Loans | $150 million available | The loans will be made by the Department of Agriculture to rural businesses. | ||
| Improvements at the Department of Ag | $250 million in funding | To be used for information technology, facility improvements and agricultural research at the Department of Agriculture. | ||
| Aid to Farmers | $749 million in additional funding | This money is to be made available by the Department of Agriculture in the form of insurance payment aid, emergency loans and grants. | ||
| Section 502 Loans | $11.7 billion additional funding available for loans | The Rural Housing Insurance Fund will provide these loans to low-income individuals and households purchasing, building, repairing or renovating homes in rural communities. | ||