Title 7, AgricultureRelease 119-110

§2009e Transfers of Funds

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

Last updated Sep 23, 2026|Official source

Summary

A State Director may move money between the State’s program accounts during a fiscal year. From each account, up to 25% of that account’s amount for the State can be moved into other accounts for that same year. Normally, the total moved that year cannot make transfers exceed 10% of the total funds available to run the program that year. The Director can exceed these limits only if they certify to the Secretary that an approved project in the receiving category lacks funds, and either there is no approved project in the source category or the community helped by the receiving project is smaller and has lower per capita income than any community helped by a project in the source category.

Full Legal Text

Title 7, §2009e

Agriculture, Source: USLM XML via OLRC

(a)General authority

Subject to subsection (b) of this section, the State Director 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)Limitation

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)Exceptions

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

Sep 23, 2026

Release point: 119-110