Page:United States Statutes at Large Volume 104 Part 5.djvu/690

 104 STAT. 4012 PUBLIC LAW 101-624—NOV. 28, 1990 (C) encouraging borrowers to obtain private sector capital, as provided for in subsection (f), to supplement loans made under this section. (f) PRIVATE SECTOR CAPITAL. — (1) MATCHING FUNDS REQUIRED. —The Secretary shall not provide assistance to a borrower under this section unless the borrower has made a commitment to the Secretary, and demonstrates to the Secretary that the borrower is able, to invest from its own funds an amount equal to the amount of assistance to be so provided. (2) INTEREST RATE REDUCTION AUTHORIZED. — In order to facilitate the obtaining of private sector capital, the Secretary may, on a case-by-case basis, reduce the interest rate on loans provided under this section when such reduction is appropriate and will enable the borrower to obtain such private capital. (g) APPROPRIATIONS. — The Secretary may make loans under this section to the extent provided for in appropriations Acts, except that during any fiscal year the amount of such loans, unless otherwise provided by law, shall not exceed 10 percent of the amount authorized for all insured loans under title III of the Rural Electrification Act of 1936 (7 U.S.C. 930 et seq.), or $40,000,000, whichever amount is less. Funds appropriated under this subsection shall remain available until expended. (h) REPAYMENT.— Appropriations made for purposes of this section shall be placed in a separate account. Advances on loans made under this section shall be made from such account, and payments on such loans shall be returned to the account for use by the account in making advances on future loans. (i) FULL USE. — (1) IN GENERAL.— Subject to paragraph (2) and (3) and any other limitations that may be imposed by law, during each fiscal year the Secretary shall undertake all reasonable efforts to make full use of any funds held by the account established under subsection (h). (2) CEIUNG ON LOANS.—During any particular fiscal year the aggregate amount of the loans the Secretary may make under this section, from amounts in the account established under subsection (h) that are not attributable to repayments, shall be the lesser of— (A) 10 percent of the amount of loans made under title III of the Rural Electrification Act of 1936 (7 U.S.C. 930 et seq.) during the fiscal year; or (B) $40,000,000. (j) REPLENISHMENT OF WATER AND WASTE FACILITY FUND.— (1) CALCULATION OF TOTAL AMOUNT OF LOANS. —At the end of each fiscal year the Secretary shall calculate— (A) the total amount of loans made under this section during such fiscal year; and (B) the amount of water or waste facility loans made under section 306 of the Consolidated Farm and Rural Development Act to borrowers described in subsection (a) of this section. (2) TRANSFER OF AMOUNTS. — Notwithstanding subsections (g) and (i), if any amount appropriated under subsection (g) remains available at the end of any fiscal year— (A) the Secretary shall transfer such available amount to the fund used to make water or waste facility loans under

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