HR 3388 · 97th Congress · Agriculture and Food

A bill to increase the interest rates for loans made or insured under the Consolidated Farm and Rural Development Act of water and waste disposal, and essential community facilities.

Introduced 1981-05-01· Sponsored by Rep. Wampler, William C. [R-VA-9]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: For Further Action See H.R.3603.(1981-05-18)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Consolidated Farm and Rural Development Act to replace the current five percent interest ceiling on loans for water and waste disposal and community facilities with an adjustable ceiling based on current market yields for outstanding municipal obligations, plus not more than one percent.…

Summarized by Claude AI · Non-partisan · For informational purposes only