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Rural Development NACS

Business Programs Fiscal Year (FY) 2002 Program Results. 1,562 loan/grants - $959.8 million76,300 jobs created/saved8,464 businesses impacted791 preapplications/applications - $769 million pending at FY end.. Business Programs FY 2003 Budget. ProgramFunding LevelB

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Rural Development NACS

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    1. Rural Development NACS/NASP Zone Meeting February 27-28, 2003 Spokane, Washington William F. Hagy III Deputy Administrator, Business Programs (202) 720-7287

    2. Business Programs Fiscal Year (FY) 2002 Program Results 1,562 loan/grants - $959.8 million 76,300 jobs created/saved 8,464 businesses impacted 791 preapplications/applications - $769 million pending at FY end.

    3. Business Programs FY 2003 Budget Program Funding Level B&I Guaranteed $900 million + $309 million carry over RBEG $47.99 million RBOG $ 4 million IRP $40 million REDL $15 million REDG $ 4 million

    4. FY 2003 Budget (continuation) Earmarks EZ/EC/Reap, Mississippi Delta, and Native American Passenger Transportation Mississippi Delta Memorandum of Agreement 1940-L

    5. FY 2004 President’s Budget Business Programs Program Funding Level B&I Guaranteed $602 million IRP $ 40 million RBEG $ 44 million RBOG $ 3 million REDL $ 15 million REDG $ 4 million

    6. FY 2004 President’s Budget (continuation) Pilot Asset Sale Conducted jointly with FSA $5 million proceeds anticipated each from Rural Development and FSA

    7. Farm Bill Implementation Update Definition of “Rural and Rural Area” published - B&I, RBEG, and RBOG Interim final rule in clearance: B&I Assistance in non-rural areas Cooperative Stock Purchase Program $40 million vs $25 million loan limitation for certain types of businesses Simplified application for B&I

    8. Farm Bill Implementation Update (continuation) VADG 291 recipients - $57 million - 43 States 10 million for bioenergy (7 million - ethanol) Final regulations published - late June to early July FY 2003 funding - $40 million (mandatory)

    9. Farm Bill Implementation Update (continuation) Purpose: Develop new and emerging technologies for use of biomass Eligible Recipients: Individuals, corporations, farm cooperatives, associations, national laboratories, institutions of higher education, State/local energy agencies/offices, Indian Tribes, or consortiums compromised of any of/or the above.

    10. Farm Bill Implementation Update (continuation) Cost sharing: Maximum of 30 percent Budget outlook: Discretionary funding

    11. Farm Bill Implementation Update (continuation) Purpose: Assist farmers, ranchers and rural small businesses with energy audits and using renewable energy technologies Eligible Recipients: State energy/agriculture offices, regional or State-based energy organizations, and Native American energy organizations, institutions of higher learning, rural electric cooperatives or utilities, non-profit organizations, and other entities determined by the Secretary of Agriculture.

    12. Farm Bill Implementation Update (continuation) Cost-sharing: 25% Match Budget outlook: Discretionary funding

    13. Farm Bill - Energy Title

    14. General Provisions Grant amount not to exceed 25 percent of activity funded. Combined loan/grant not to exceed 50 percent of cost of activity funded.

    18. Business Programs Initiatives Updates RDAPTS Moody’s software National Training

    19. Business Programs Initiatives Updates (continuation) Intranet Enhancements Advisory Committee Accreditation Program

    20. Questions?

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