[Federal Register Volume 62, Number 248 (Monday, December 29, 1997)]
[Notices]
[Pages 67617-67618]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-33696]


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DEPARTMENT OF AGRICULTURE

Rural Business-Cooperative Service


Maximum Dollar Amount on Loan and Grant Awards Under the Rural 
Economic Development Loan and Grant Program for Fiscal Year (FY) 1998

AGENCY: Rural Business-Cooperative Service, USDA.

ACTION: Notice.

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SUMMARY: The Rural Business-Cooperative Service (RBS) hereby announces 
the maximum dollar amount on loan and grant awards under the Rural 
Economic Development Loan and Grant program for FY 1998. The maximum 
dollar award on zero-interest loans for FY 1998 is $750,000. The 
maximum dollar award on grants for FY 1998 is $330,000. The maximum 
loan and grant awards stated in this notice are effective for loans and 
grants made during the fiscal year beginning October 1, 1997, and 
ending September 30, 1998.

FOR FURTHER INFORMATION CONTACT: Patricia Wing, Loan Specialist, Rural

[[Page 67618]]

Business-Cooperative Service, USDA, STOP 1521, Room 5412, 1400 
Independence Avenue, SW, Washington, DC 20250, Telephone: (202) 720-
9558. FAX: 202-720-6561. E-mail: PW[email protected].

SUPPLEMENTARY INFORMATION: The maximum loan and grant awards are 
calculated as 3.0 percent of the projected program level for zero-
interest loans and grants during the fiscal year. The projected program 
level for zero-interest loans during FY 1998 is $25,000,000, and the 
projected program level for grants is $11,000,000. Applying the 
specified 3.0 percent to these program levels results in the maximum 
loan award of $750,000 and the maximum grant award of $330,000.

    Dated: December 19, 1997.
Dayton J. Watkins,
Administrator, Rural Business-Cooperative Service.
[FR Doc. 97-33696 Filed 12-24-97; 8:45 am]
BILLING CODE 3410-XY-U