Boll Weevil Eradication Loan Program

 

To assist producers and State governmental agencies to eradicate boll weevils from the United States.

Active 10.449 Farm Service Agency, Department of Agriculture E - Direct Loans Not applicable. Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, Public Law 104-180, 7 U.S.C. 1989. Applicants may be determined eligible if the organization: (a) Meets the Animal and Plant Health Inspection Service (APHIS) cost-sharing requirements; (b) possesses a legal nonprofit corporate authority; (c) possesses the legal authority to enter into a contract; (d) operates in an area approved by a majority of cotton producers via referendum; (e) is unable to obtain funds elsewhere; and (f) may pledge producer assets as loan collateral. The beneficiaries of this program include the local boll weevil organization and agricultural community as well as local, State, and national governments. All applicants must be nonprofit entities, authorized to operate under the appropriate State law and for the specific purpose of eradicating boll weevils from the nation's agricultural community. Preapplication coordination is required. No additional information provided 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Complete applications will be accepted by the National Office accompanied by documentation showing the entity's authority to borrow and the operation's ability to make the scheduled loan payment(s). Loans will be written within specific credit guidelines as well as within the borrowing entity's documented ability to repay the loan. Not applicable. From 30 to 60 days. Agency credit decisions will generally be issued within 60 days of the receipt of a complete loan package. Not applicable. Not applicable. Not applicable. Funds may be used to purchase or lease supplies and equipment, to pay entity operating expenses and to pay salaries and benefits. Loan funds may not be used to pay for lobbying, public relations, or related activities. Not applicable. Audited financial statements and profit and loss statements will be annually submitted for review and analysis. Detailed records will be maintained by each entity in the respective offices. These same records will be made available to the Agency for review upon demand. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. Loans can be applied for at anytime during the year. The loan term varies anywhere from 1 to 7 years. Method of awarding/releasing assistance: Lump. Consult the appropriate FSA State office where the property is located. For a list of FSA State offices with telephone numbers and addresses, information is available on the internet, visit FSA website at www.fsa.usda.gov to locate nearest office. Houston Bruck
1400 Independence Avenue, SW
Washington, DC 20250 US
houston.bruck@usda.gov
Phone: (202) 690-0756 http://fsa.usda.gov/FSA/webapp?area=home&subject=fmlp&topic=landing 12-4212-0-3-351 (Direct Loans) FY 18$0.00; FY 19 est $30,000,000.00; FY 20 est $60,000,000.00; FY 17$0.00; FY 16$0.00; - No Data Available Not applicable. Not applicable.