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2002 Farm Bill Initiative: the Rural Broadband Loan and Loan Guarantee Program

 TITLE VI. Rural Development:

News and Updates
New Programs
Section-By-Section Summary
General Information
Rural Development 2002 Farm
    Bill Home Page

U S D A 2002 Farm Bill Logo (farm building encircled by stars and stripes): Link to U S D A 2002 Farm Bill Site
USDA 2002 Farm Bill Site

 

Section 6103 of the Farm Bill authorized creation of the Rural Broadband Loan and Loan Guarantee Program. In January 2003, Agriculture Secretary Veneman announced this new program, which is administered by the Utilities Programs.

For Fiscal Year 2005, no less than $2.157 billion in loans is available, $2.032 billion for direct cost-of-money loans, $46 million for direct 4-percent loans, and $79 million for loan guarantees. These loans will facilitate deployment of new and innovative technologies to provide two-way data transmission of 200 kbps or more, in communities with populations up to 20,000.

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Rural Development is within the U.S. Department of Agriculture and administers rural business, cooperative, housing, utilities and community development programs.

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