§ 2009e. — Transfers of funds.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC2009e]
TITLE 7--AGRICULTURE
CHAPTER 50--AGRICULTURAL CREDIT
SUBCHAPTER V--RURAL COMMUNITY ADVANCEMENT PROGRAM
Sec. 2009e. Transfers of funds
(a) General authority
Subject to subsection (b) of this section, the State Director \1\ 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.
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\1\ So in original. Probably should not be capitalized.
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(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) of this section 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.
(Pub. L. 87-128, title III, Sec. 381F, as added Pub. L. 104-127, title
VII, Sec. 761, Apr. 4, 1996, 110 Stat. 1142.)
