[Federal Register Volume 62, Number 248 (Monday, December 29, 1997)]
[Notices]
[Pages 67617-67618]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-33696]
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DEPARTMENT OF AGRICULTURE
Rural Business-Cooperative Service
Maximum Dollar Amount on Loan and Grant Awards Under the Rural
Economic Development Loan and Grant Program for Fiscal Year (FY) 1998
AGENCY: Rural Business-Cooperative Service, USDA.
ACTION: Notice.
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SUMMARY: The Rural Business-Cooperative Service (RBS) hereby announces
the maximum dollar amount on loan and grant awards under the Rural
Economic Development Loan and Grant program for FY 1998. The maximum
dollar award on zero-interest loans for FY 1998 is $750,000. The
maximum dollar award on grants for FY 1998 is $330,000. The maximum
loan and grant awards stated in this notice are effective for loans and
grants made during the fiscal year beginning October 1, 1997, and
ending September 30, 1998.
FOR FURTHER INFORMATION CONTACT: Patricia Wing, Loan Specialist, Rural
[[Page 67618]]
Business-Cooperative Service, USDA, STOP 1521, Room 5412, 1400
Independence Avenue, SW, Washington, DC 20250, Telephone: (202) 720-
9558. FAX: 202-720-6561. E-mail: PWing@rus.usda.gov.
SUPPLEMENTARY INFORMATION: The maximum loan and grant awards are
calculated as 3.0 percent of the projected program level for zero-
interest loans and grants during the fiscal year. The projected program
level for zero-interest loans during FY 1998 is $25,000,000, and the
projected program level for grants is $11,000,000. Applying the
specified 3.0 percent to these program levels results in the maximum
loan award of $750,000 and the maximum grant award of $330,000.
Dated: December 19, 1997.
Dayton J. Watkins,
Administrator, Rural Business-Cooperative Service.
[FR Doc. 97-33696 Filed 12-24-97; 8:45 am]
BILLING CODE 3410-XY-U
