Page:United States Statutes at Large Volume 122.djvu/2129

 12 2 STA T . 21 06PUBLIC LA W 110 – 2 4 6 —J U NE 1 8, 2008 SEC.102 0 5 . P ES TAND D I SEASE R E VOL VIN G LOAN FU ND. (a)DEFIN I T I O N S.—Inthis s ec ti o n

( 1 ) AU T H O R I Z E D E Q UI PM ENT.— (A) IN G ENER AL .— T he te rm‘ ‘a u thori z e d e q ui p ment ’ ’ means an y equipment necessary f or the mana g ement of forest l and. ( B )IN C LUSIONS.—The term ‘‘authorized equipment’’ includes— (i) cherry pic k ers (ii) equipment necessary for— (I) the construction of staging and marshalling areas; (II) the planting of trees; and (III) the sur v eying of forest land; (iii) vehicles capa b le of transporting harvested trees; (iv) w ood chippers; and (v) any other appropriate equipment , as deter - mined by the S ecretary. ( 2 ) F UND.—The term ‘‘Fund’’ means the P est and Disease R evolving L oan Fund established by subsection (b). ( 3 ) SECRETAR Y .—The term ‘‘Secretary’’ means the Secretary of Agriculture, acting through the Deputy C hief of the State and Private Forestry organization. (b) E STA B LISHMENT OF FUND.—There is established in the Treasury of the U nited States a revolving fund, to be known as the ‘‘Pest and Disease Revolving Loan Fund’’, consisting of such amounts as are appropriated to the Fund under subsection (f). (c) E X PENDITURES FROM FUND.— (1) IN GENERAL.—Sub j ect to paragraph (2), on request by the Secretary, the Secretary of the Treasury shall transfer from the Fund to the Secretary such amounts as the Secretary determines are necessary to provide loans under subsection (e). (2) ADMINISTRATI V E EXPENSES.—An amount not e x ceeding 1 0 percent of the amounts in the Fund shall be available for each fiscal year to pay the administrative expenses nec- essary to carry out this section. (d) TRANSFERS OF AMOUNTS.— (1) IN GENERAL.—The amounts required to be transferred to the Fund under this section shall be transferred at least monthly from the general fund of the Treasury to the Fund on the basis of estimates made by the Secretary of the Treasury. (2) AD J USTMENTS.—Proper adjustment shall be made in amounts subsequently transferred to the extent prior estimates were in excess of or less than the amounts required to be transferred. (e) USES OF FUND.— (1) LOANS.— (A) IN GENERAL.—The Secretary shall use amounts in the Fund to provide loans to eligible units of local government to finance purchases of authorized equipment to monitor, remove, dispose of, and replace infested trees that are located— (i) on land under the jurisdiction of the eligible units of local government; and 16USC2 1 04a.

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