House Appropriations Committee Approves FY2015 Agriculture Bill; Funds Rural Development at $2.6 Billion

Posted on: May 30th, 2014 by NADO Admin

This week, the House Appropriations Committee approved their version of the Fiscal Year (FY) 2015 Agriculture Appropriations bill.  The bill funds U.S. Department of Agriculture (USDA) programs at $20.9 billion for FY2015.  The bill funds USDA-Rural Development programs at $2.6 billion, which is $460 million above the president’s request.  The bill includes $45 million, $22 million below the FY2014 level, for the rural business and industry grants and loans.  For the rural water and waste program, the bill includes $1.3 billion for loans, an increase of $85 million above the FY2014 level; and $606 million for grants, an increase of $145 million above the current level.  In addition, $6.2 billion is provided for rural electric and telephone infrastructure loans, which is level with the FY2014 level.  The bill rejects many of the Administration’s FY2015 budget proposals to reduce rural housing guaranteed loan programs.  Once the House Rules Committee establishes guidelines for floor debate and amendments, the bill may be considered on the House floor.  Click here (http://appropriations NULL.pdf) to view the full text of the legislation.  Click here (http://appropriations NULL.pdf) for the committee report.

This entry was posted in Latest News and tagged , , , . Bookmark the permalink.