Page:United States Statutes at Large Volume 115 Part 1.djvu/747

 PUBLIC LAW 107-76—NOV. 28, 2001 115 STAT. 725 RURAL " ELEPHONE BANK PROGRAM ACCOUNT (INCLUDING TRANSFER OF FUNDS) The Rural Telephone Bank is hereby authorized to make such expenditures, within the limits of funds available to such corporation in accord with law, and to make such contracts and commitments without regard to fiscal year limitations as provided by section 104 of the Government Corporation Control Act, as may be necessary in carrying out its authorized programs. During fiscal year 2002 and within the resources and authority available, gross obligations for the principal amount of direct loans shall be $174,615,000. For the cost, as defined in section 502 of the Congressional Budget Act of 1974, including the cost of modifying loans, of direct loans authorized by the Rural Electrification Act of 1936 (7 U.S.C. 935), $3,737,000. In addition, for administrative expenses, including audits, necessary to carry out the loan programs, $3,082,000, which shall be transferred to and merged with the appropriation for "Rural Development, Salaries and Expenses". DISTANCE LEARNING AND TELEMEDICINE PROGRAM For the principal amount of direct distance learning and telemedicine loans, $300,000,000; and for the principal amount of broadband telecommunication loans, $80,000,000. For the cost of direct loans and grants, as authorized by 7 U.S.C. 950aaa et seq., $49,441,000, to remain available until expended, to be available for loans and grants for telemedicine and distance learning services in rural areas: Provided, That $22,500,000 may be available for the continuation of a pilot project for a loan and grant program to finance broadband transmission and local dial-up Internet service in areas that meet the definition of "rural area" used for the Distance Learning and Telemedicine Program authorized by 7 U.S.C. 950aaa: Provided further. That the cost of direct loans shall be as defined in section 502 of the Congressional Budget Act of 1974. LOCAL TELEVISION LOAN GUARANTEE PROGRAM ACCOUNT (INCLUDING TRANSFER OF FUNDS) For gross obligations for the principal amount of guaranteed loans, as authorized by title X of Public Law 106-553 for the purpose of facilitating access to signals of local television stations for households located in nonserved areas and underserved areas, $258,065,000. For the cost of guaranteed loans, including the cost of modifying loans as defined in section 502 of the Congressional Budget Act of 1974, $20,000,000. In addition, for administrative expenses necessary to carry out the guaranteed loan program, $2,000,000, which shall be transferred to and merged with the appropriation for "Rural Development, Salaries and Expenses".

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