,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #gfhj ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,july #bj1 #bjbj,mr4 ,craw=d introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,agriculture ,a ,,bill ,to provide = loans to critical rural utility s]vice provid]s to ensure cont9u$ s]vice & safe op]ation ( rural utility sy/ems dur+ c]ta9 em]g5cies1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,re9=c+ ,utility ,re/oration ,aft] ,losses 7,,rural7 ,act4 #b4 ,rural utility bridge loans 7a7 ,9 g5]al ,title ,,vii ( ! ,rural ,electrification ,act ( #aicf 7#g ,u4,s4,c4 #iej;cc-#iej;cc-#b7 is am5d$ by add+ at ! end ! foll[+3 #gjd4 ,rural utility bridge loans 7a7 ,l9e ( cr$it 7#a7 ,9 g5]al ,! ,secret>y may provide an eligible borr[] ) a l9e ( cr$it f :i* a loan may be made to replace qualifi$ losses z a result ( a cov]$ em]g5cy4 7#b7 ,am\nt ,! am\nt ( ! l9e ( cr$it %all be ! less] (-- 7,a7 #be p]c5t ( ! total rev5ue receiv$ by ! borr[] dur+ ! #ab-mon? p]iod end+ ) ! day be=e ! date ( ! det]m9ation ref]r$ to 9 subsection 7c77#c7 ) respect to ! cov]$ em]g5cy2 or 7,b7 #e1jjj1jjj4 7b7 ,loans 7#a7 ,9 g5]al ,on receipt by ! ,secret>y ( docum5tation t ! eligible borr[] has a qualifi$ loss z a result ( a cov]$ em]g5cy1 ! ,secret>y %all make a loan to ! borr[] f ! l9e ( cr$it 9 an am\nt equal to ! less] (-- 7,a7 ! qualifi$ loss2 or 7,b7 ! unus$ am\nt ( ! l9e ( cr$it4 7#b7 ,eligibility ( qualifi$ loss 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b7 ( ?is p>agraph1 a qualifi$ loss is eligible = a loan made f ! l9e ( cr$it if ! loss is incurr$ n m ?an #ahj days aft] ! date ( ! det]m9ation ref]r$ to 9 subsection 7c77#c7 ) respect to ! cov]$ em]g5cy4 7,b7 ,au?ority to adju/ ,! ,secret>y may-- 7i7 on reque/ ( ! eligible borr[]1 r$uce ! l5g? ( eligibility p]iod describ$ 9 subp>agraph 7,a72 or 7ii7 on a det]m9ation t ! borr[] is cont9u+ to incur significant qualifi$ losses z a result ( a cov]$ em]g5cy1 increase ! l5g? ( ! p]iod4 7#c7 ,loan t]ms 7,a7 ,no paym5t requir$ dur+ em]g5cy ,dur+ ! cov]$ em]g5cy1 int]e/ on ! loan %all n accrue1 & repaym5t ( pr9cipal on ! loan %all n be requir$4 7,b7 ,loan consolidation aft] em]g5cy ends ,unless ! ,secret>y det]m9es t ! borr[] requires additional "t to submit docum5tation ( qualifi$ losses1 on ! date t is #fj days aft] ! eligibility p]iod describ$ 9 p>agraph 7#b7 ends1 ! ,secret>y %all close ! l9e ( cr$it1 & consolidate all loans made to ! borr[] "u ?is section ) respect to ! em]g5cy into a s+le loan ) ! foll[+ t]ms3 7i7 ,grace p]iod ,dur+ ! #b-ye> p]iod t beg9s ) ! date ! consolidat$ loan is made1 int]e/ on ! consolidat$ loan %all n accrue1 & repaym5t ( pr9cipal on ! consolidat$ loan %all n be requir$4 7ii7 ,int]e/ ,int]e/ on ! consolidat$ loan %all accrue at a rate ( #a p]c5t p] ye> dur+ ! #c-ye> p]iod t beg9s at ! end ( t #b-ye> p]iod4 7iii7 ,repaym5t p]iod ,! loan %all be repayable 9 full by ! end ( ! #e-ye> p]iod t beg9s ) ! date ! consolidat$ loan is made4 7,c7 ,no fee or prepaym5t p5alty ,! ,secret>y may n impose a fee or prepaym5t p5alty ) respect to any loan made "u ?is section4 7#d7 ,=giv5ess 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 if ! borr[] makes "o or m qualifi$ write-(fs aft] ! #a-ye> p]iod t beg9s ) ! date a consolidat$ loan is made to ! borr[] "u ?is section1 ! ,secret>y %all =give repaym5t ( a portion ( ! loan1 9 an am\nt equal to-- 7i7 #ij p]c5t ( ! fir/ #ejj1jjj ( ! total am\nt ( ! qualifi$ write-(fs2 7ii7 #fj p]c5t ( ! next #a1jjj1jjj ( ! total am\nt ( ! qualifi$ write-(fs2 & 7iii7 #cj p]c5t ( ! next #a1jjj1jjj ( ! total am\nt ( ! qualifi$ write-(fs4 7,b7 ,ineligibility ( borr[] :o int]rupts s]vice dur+ em]g5cy ,subp>agraph 7,a7 %all n apply ) respect to ! borr[] if1 dur+ ! cov]$ em]g5cy1 ! borr[] susp5ds or int]rupts utility s]vice to any cu/om] or subscrib] ( ! borr[] = non-paym5t ( an am\nt ow$ to ! borr[]4 7c7 ,def9itions ,9 ?is section3 7#a7 ,eligible borr[] ,! t]m eligible borr[] means an entity t-- 7,a7 provides electric1 telecommunications1 clean wat]1 wa/e wat]1 or wa/e disposal s]vices2 & 7,b7 is eligible = assi/ance "u-- 7i7 section #d1 #bja1 or #fja ( ! ,rural ,electrification ,act ( #aicf2 or 7ii7 section #cjf7;a7 ( ! ,consolidat$ ,f>m & ,rural ,developm5t ,act4 7#b7 ,qualifi$ loss 7,a7 ,9 g5]al ,subject to subp>agraph 7,b71 ! t]m qualifi$ loss means1 ) respect to a borr[] & a cov]$ em]g5cy-- 7i7 an am\nt ow$ to ! borr[] = s]vices provid$ dur+ ! em]g5cy1 :i* are m ?an #ae days pa/ due2 & 7ii7 an am\nt n receiv$ by ! borr[] because ( r$uc$ dem& = s]vices sold by ! borr[] on a p]-unit basis1 to ! ext5t t ! r$uction is attributable to ! em]g5cy4 7,b7 ,r$uction ,! total am\nt det]m9$ "u subp>agraph 7,a7 %all be r$uc$ by ! fair m>ket value ( any assi/ance receiv$ by ! borr[] f any s\rce :ile ! l9e ( cr$it is op51 = ! purpose ( (fsett+ ! loss ( r\t9e op]at+ rev5ue or cov]+ ! co/ ( r\t9e op]at+ exp5ses1 dur+ ! cov]$ em]g5cy1 exclud+ any assi/ance provid$ to repair1 recov]1 or rebuild f damage due to ! em]g5cy4 7#c7 ,cov]$ em]g5cy ,! t]m cov]$ em]g5cy means-- 7,a7 a major disa/] or em]g5cy1 z det]m9$ by ! ,presid5t "u ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act2 7,b7 a natural disa/]1 z det]m9$ by ! ,secret>y ( ,agriculture2 or 7,c7 an em]g5cy involv+ ,f$]al prim>y responsibility det]m9$ to exi/ by ! ,presid5t "u ! section #eja7;b7 ( su* ,act4 7#d7 ,qualifi$ write-(f ,! t]m qualifi$ write-(f means1 ) respect to a borr[]-- 7,a7 an am\nt describ$ 9 p>agraph 7#b77;,a77i71 if ! borr[] assigns to ! ,secret>y ! "r to any paym5t ( ! am\nt2 & 7,b7 #ij p]c5t ( an am\nt describ$ 9 p>agraph 7#b77;,a77ii74 7d7 ,regulations ,! ,secret>y may1 on an exp$it$ basis1 prescribe su* regulations z are necess>y to c>ry out ! prec$+ provisions ( ?is section4 7e7 ,rural ,utility ,bridge ,loan ,fund 7#a7 ,e/abli%m5t ,!re is e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates a revolv+ fund to be kn[n z ! ,rural ,utility ,bridge ,loan ,fund 79 ?is subsection ref]r$ to z ! ,fund74 7#b7 ,deposits & cr$its ,!re %all be deposit$ 91 or cr$it$ to1 ! ,fund ! foll[+3 7,a7 ,all am\nts appropriat$ to ! ,fund4 7,b7 ,all am\nts paid z pr9cipal or int]e/ on a loan made "u ?is section4 7,c7 ,all int]e/ on1 & proce$s f ! sale or r$emption (1 any obligations inve/$ 9 "u p>agraph 7#d74 7#c7 ,use ( funds 7,a7 ,9 g5]al ,! am\nts 9 ! ,fund %all be available = loans "u ?is section )\t fur!r appropriation4 7,b7 ,adm9i/rative exp5ses ,) respect to ea* cov]$ em]g5cy1 ! ,secret>y may use am\nts 9 ! ,fund = adm9i/rative exp5ses1 z foll[s3 7i7 ,e/abli%m5t ( l9es ( cr$it ,= exp5ses incurr$ 9 e/abli%+ l9es ( cr$it "u ?is section1 an am\nt equal to #a p]c5t ( ! ,fund balance z ( ! date ( ! det]m9ation ref]r$ to 9 subsection 7c77#c7 ) respect to ! cov]$ em]g5cy4 7ii7 ,mak+ & s]vic+ ( loans ,dur+ ea* fiscal ye>1 = exp5ses incurr$ 9 mak+ & s]vic+ loans 7includ+ consolidat$ loans7 "u ?is section1 an am\nt equal to #c p]c5t ( ! av]age total am\nt ( loans out/&+ "u ?is section dur+ ! fiscal ye> ) respect to ! cov]$ em]g5cy4 7iii7 ,limitation ,9 addition1 ! ,secret>y may n use m ?an #cj1jjj1jjj dur+ ea* fiscal ye> = any adm9i/rative exp5se incurr$ 9 c>ry+ out ?is section4 7#d7 ,inve/m5ts 7,a7 ,9 g5]al ,! ,secret>y may reque/ ! ,secret>y ( ! ,treasury to inve/ ! portion ( ! ,fund t is n1 9 ! judgm5t ( ! ,secret>y ( ,agriculture1 requir$ to meet ! curr5t ne$s ( ! ,fund4 7,b7 ,eligible inve/m5ts ,on receipt ( su* a reque/1 ! ,secret>y ( ! ,treasury %all inve/ ! am\nt involv$ 9 obligations ( ! ,unit$ ,/ates or obligations t are gu>ante$ z to pr9cipal & int]e/ by ! ,unit$ ,/ates1 ) maturities suitable to ! ne$s ( ! ,fund z det]m9$ by ! ,secret>y ( ,agriculture4 4 7b7 ,appropriation ,out ( any am\nts 9 ! ,treasury ( ! ,unit$ ,/ates n o!rwise appropriat$1 !re are appropriat$ to ! ,rural ,utility ,bridge ,loan ,fund #e1jjj1jjj1jjj1 )\t fiscal ye> limitation4 ,= purposes ( section #gjd7;c77#c77;,b77i7 ( ! ,rural ,electrification ,act ( #aicf1 ) respect to a cov]$ em]g5cy decl>$ 9 response to ! ,,covid-#ai p&emic1 ! ,fund balance is deem$ to be ! am\nt specifi$ 9 ! prec$+ s5t5ce4