Rural Assistance and Revitalization Act of 1989

[AI summary unavailable — showing source text] Rural Assistance and Revitalization Act of 1989 - Title I: Rural Business and Job Creation - Subtitle A: Rural Partnerships Investment Board - Establishes a Rural Partnerships Investment Board to provide lines of credit to enable eligible entities to develop rural business development revolving funds. Establishes in the Treasury a Rural Business Investment Fund. Subtitle B: Rural Capital Access Program - Directs the Secretary of Agriculture to establish a rural capital access program to encourage lending institutions to provide rural business loans. Subtitle C: Rural Economic Development Administered by the Secretary and the Rural Electrification Administration - Amends the Rural Electrification Act of 1936 to establish a position of Assistant Administrator for Economic Development in the Rural Electrification Administration (REA). Establishes within REA a technical assistance unit to advise borrowers with regard to economic and community development activities. Provides for deferred payment on economic development loans. Amends the Consolidated Farm and Rural Development Act to authorize water and waste facility loans for certain REA borrowers. Amends the Rural Electrification Act…