Page:United States Statutes at Large Volume 94 Part 1.djvu/1226

 94 STAT. 1176

Transfer of funds.

7 USC 1921 note.

Grants and loans.

PUBLIC LAW 96-355—SEPT. 24, 1980

(c) Any funds appropriated under this section shall remain available until expended. (d) Any funds appropriated under this section shall be transferred by the Secretary of the Interior to the Secretary of Agriculture when such funds are appropriated. The Secretary of the Interior may enter into cooperative memoranda of understanding with the Secretary of Agriculture as may be required to provide services to carry out the purposes of this section. (e) The Secretary of Agriculture shall use any funds transferred under subsection (d) for necessary administrative expenses, and to provide financial assistance to plan and develop the WEB Rural Water Development Project under the terms and conditions of the Consolidated Farm and Rural Development Act and the rules and regulations promulgated by the Department of Agriculture under that Act, except to the extent such Act or rules or regulations promulgated thereunder are inconsistent with the provisions of this section. Such funds shall be made available in a combination of grants and loans that will provide grants for not less than 75 per centum of eligible development costs and such loans as may be necessary to plan and construct the WEB Rural Water Development Project. EFFECTIVE DATE

7 USC 2204b note.

SEC. 10. The provisions of this Act shall become effective October 1, 1980. Approved September 24, 1980.

LEGISLATIVE HISTORY: HOUSE REPORT No. 96-259 accompanying H.R. 3580 (Comm. on Agriculture). SENATE REPORT No. 96-187 (Comm. on Agriculture, Nutrition, and Forestry). CONGRESSIONAL RECORD: Vol. 125 (1979): June 14, considered and passed Senate. Vol. 126 (1980): Sept. 15, H.R. 3580 considered and passed House; passage vacated and S. 670, amended, passed in lieu. Sept. 16, Senate concurred in House amendments. WEEKLY eOMPILATION OF PRESIDENTIAL DOCUMENTS: Vol. 16, No. 39 (1980): Sept. 24, Presidential statement.

�