No financial assistance shall be provided under this part unless the Secretary determines that—
(1) any cooperative association receiving assistance has a minimum of fifteen active members, a majority of which are low-income rural persons;
(2) adequate technical assistance is made available and committed to the programs being supported;
(3) such financial assistance will materially further the purposes of this part; and
(4) the applicant is fulfilling or will fulfill a need for services, supplies, or facilities which is otherwise not being met.
(Pub. L. 97–35, title VI, §622, Aug. 13, 1981, 95 Stat. 494.)
Sections: Previous 9804 9805 9806 9807 9808 9809 9810 9811 9812 9812a 9813 9814 9815 9816 9817 Next
Last modified: October 26, 2015