Title 7 — AgricultureRelease 119-73

§2009e Transfers of funds

Title 7 › Chapter CHAPTER 50— - AGRICULTURAL CREDIT › Subchapter SUBCHAPTER V— - RURAL COMMUNITY ADVANCEMENT PROGRAM › § 2009e

Last updated Apr 6, 2026|Official source

Summary

A State Director may, during a fiscal year, move up to 25% of the amount allocated to the State from each account listed in section 2009d(c) into any other State account for that year. All such transfers in a year cannot together exceed 10% of the total amount available under section 2009d(d), unless an exception applies. The limits do not apply if the State Director certifies to the Secretary that the receiving function has an approved project but no funds, and either the source function has no approved project or the receiving project would benefit a community that is smaller and has lower per capita income than any community that would benefit from a project in the source function.

Full Legal Text

Title 7, §2009e

Agriculture — Source: USLM XML via OLRC

(a)Subject to subsection (b) of this section, the State Director 11 So in original. Probably should not be capitalized. of any State may, during any fiscal year, transfer from each account specified in section 2009d(c) of this title a total of not more than 25 percent of the amount in the account that is allocated for the State for the fiscal year to any other account in which amounts are allocated for the State for the fiscal year.

(b)Except as provided in subsection (c) of this section, a transfer otherwise authorized by subsection (a) of this section to be made during a fiscal year may not be made to the extent that the sum of the amount to be transferred and all amounts so transferred by State directors under subsection (a) of this section during the fiscal year exceeds 10 percent of the total amount made available to carry out the authorities described in section 2009d(d) of this title for the fiscal year.

(c)Subsections (a) and (b) shall not apply to a transfer of funds by a State director if the State director certifies to the Secretary that—

(1)there is an approved application for a project in the function category to which the funds are to be transferred but funds are not available for the project in the function category; and

(2)(A)there is no such approved application in the function category from which the funds are to be transferred; or

(B)the community that would benefit from the project has a smaller population and a lesser per capita income than any community that would benefit from a project in the function category from which the funds are to be transferred.

Reference

Citations & Metadata

Citation

7 U.S.C. § 2009e

Title 7 — Agriculture

Last Updated

Apr 6, 2026

Release point: 119-73