Revitalizing Rural Communities Act of 2025
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This bill would reauthorize the USDA Rural Economic Development Loan and Grant program through FY2030 to fund local utility projects.
What it does
This bill would reauthorize the Department of Agriculture's Rural Economic Development Loan and Grant program through fiscal year 2030. The program proposes to continue providing funding for various rural projects by distributing financial assistance through local utility organizations.
Who is affected
This bill affects local utility organizations that facilitate funding for rural development initiatives. It also impacts the Department of Agriculture, which is responsible for administering the Rural Economic Development Loan and Grant program through fiscal year 2030.
Key provisions
- Reauthorization of Rural Economic Development Loan and Grant Program. Extends the Department of Agriculture's authority to fund rural development projects through local utility organizations through fiscal year 2030.
Fiscal impact
Not applicable: No CBO cost estimate available
Effective dates
The bill reauthorizes the Rural Economic Development Loan and Grant program through fiscal year 2030.
Relationship to existing law
This bill reauthorizes the Department of Agriculture's existing Rural Economic Development Loan and Grant program through fiscal year 2030.
Stated purpose
The bill aims to support rural development projects by extending the Department of Agriculture's Rural Economic Development Loan and Grant program through fiscal year 2030, facilitating funding through local utility organizations.