Page:United States Statutes at Large Volume 122.djvu/1953

 12 2 STA T . 1 930PUBLIC LA W 110 – 2 46—J U NE 1 8, 2008 loca ll y o r r egi o n ally p ro du ced agricul t ural f ood prod - uct s.‘ ‘ ( iii )PRIO RI TY . —I n m a k ing or guaranteeing a loan under clause (i) , t h e S ecretary shall gi v e priority to pro j ects that have components b enefitting underserved communities. ‘‘(iv) REP ORT S .— N ot later than 2 years after the date of enactment of this paragraph and annually thereafter, the Secretary shall submit to the C ommittee on A griculture of the H ouse of Representatives and the Committee on Agriculture, Nutrition, and F orestry of the Senate a report that describes projects carried out using loans or loan guarantees made under clause (i), including— ‘‘(I) the characteristics of the communities served and ‘‘(II) resulting benefits. ‘‘(v) RESER VA TIO N O F F U N D S.— ‘‘(I) IN G ENERA L .—For each of fiscal years 2 0 0 8 through 20 1 2, the Secretary shall reserve not less than 5 percent of the funds made available to carry out this subsection to carry out this subpara- graph. ‘‘(II) AVAILA B ILITY OF FUNDS.—Funds reserved under subclause (I) for a fiscal year shall be reserved until April 1 of the fiscal year. ’ ’. SEC.601 6. AP P RO PR I A T E TEC HN O L O GY TRANS F ERFORR U RAL AREAS. Section 3 10 B of the Consolidated Farm and Rural D evelopment Act ( 7U .S.C. 1 9 32) is amended by adding at the end the follo w ing

‘‘(i) APPROPRIATE T E CH NOLOGY TRANSFER FOR RURAL AREAS PROGRA M .— ‘‘(1) DEFINITION OF NATIONAL NONPROFIT AGRICULTURAL ASSISTANCE INSTITUTION.—In this subsection, the term ‘national nonprofit agricultural assistance institution’ means an organi z ation that— ‘‘(A) is described in section 501(c)(3) of the Internal Revenue Code of 198 6 and e x empt from taxation under 501(a) of that Code; ‘‘(B) has staff and offices in multiple regions of the United States; ‘‘(C) has experience and expertise in operating national agriculture technical assistance programs; ‘‘(D) expands markets for the agricultural commodities produced by producers through the use of practices that enhance the environment, natural resource base, and q uality of life; and ‘‘( E ) improves the economic viability of agricultural operations. ‘‘(2) ESTABLISHMENT.—The Secretary shall establish a national appropriate technology transfer for rural areas pro- gram to assist agricultural producers that are seeking informa- tion to— ‘‘(A) reduce input costs; ‘‘(B) conserve energy resources; ‘‘(C) diversify operations through new energy crops and energy generation facilities; and

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