Boll Weevil Eradication Loan Program

To assist producers and State governmental agencies to eradicate boll weevils from the United States.



Agency - Department of Agriculture

Established in 1862, the Department of Agriculture serves all Americans through anti-hunger efforts, stewardship of nearly 200 million acres of national forest and rangelands, and through product safety and conservation efforts. The USDA opens markets for American farmers and ranchers and provides food for needy people around the world.




Program Accomplishments

Not Applicable.

Uses and Use Restrictions

Funds may be used to purchase or lease supplies and equipment, to pay entity operating expenses and to pay salaries and benefits.

Loan funds may not be used to pay for lobbying, public relations, or related activities.

Eligibility Requirements

Applicant Eligibility

Applicants may be determined eligible if the organization: (a) Meets the Animal and Plant Health Inspection Service (APHIS) cost-sharing requirements; (b) possesses a legal nonprofit corporate authority; (c) possesses the legal authority to enter into a contract; (d) operates in an area approved by a majority of cotton producers via referendum; (e) is unable to obtain funds elsewhere; and (f) may pledge producer assets as loan collateral.

Beneficiary Eligibility

The beneficiaries of this program include the local boll weevil organization and agricultural community as well as local, State, and national governments.

Credentials/Documentation

All applicants must be nonprofit entities, authorized to operate under the appropriate State law and for the specific purpose of eradicating boll weevils from the nation's agricultural community. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is required.

Environmental impact information is not required for this program.

This program is excluded from coverage under E.O.

12372.

Application Procedures

2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Complete applications will be accepted by the National Office accompanied by documentation showing the entity's authority to borrow and the operation's ability to make the scheduled loan payment(s).

Award Procedures

Loans will be written within specific credit guidelines as well as within the borrowing entity's documented ability to repay the loan.

Deadlines

Not Applicable.

Authorization

Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, Public Law 104-180, 7 U.S.C. 1989.

Range of Approval/Disapproval Time

From 30 to 60 days. Agency credit decisions will generally be issued within 60 days of the receipt of a complete loan package.

Appeals

Not Applicable.

Renewals

Boll weevil loans are term loans based upon certain procedural and program criteria. Although loans are not renewed, additional loan requests may be submitted by each entity for consideration.

Assistance Considerations

Formula and Matching Requirements

This program has no statutory formula. Matching requirements are not applicable to this program. MOE requirements are not applicable to this program.

Length and Time Phasing of Assistance

Loans can be applied for at anytime during the year. The loan term varies anywhere from 1 to 7 years. Method of awarding/releasing assistance: lump sum.

Post Assistance Requirements

Reports

Not Applicable.

Audits

This program is excluded from coverage under 2 CFR 200, Subpart F - Audit Requirements. Audited financial statements and profit and loss statements will be annually submitted for review and analysis.

Records

Detailed records will be maintained by each entity in the respective offices. These same records will be made available to the Agency for review upon demand.

Financial Information

Account Identification

12-1140-0-1-351; 12-4212-0-3-351 - Direct Loans Financing Account.

Obigations

(Direct Loans) FY 16 $0; FY 17 est $60,000,000; and FY 18 est $60,000,000

Range and Average of Financial Assistance

No Data Available.

Regulations, Guidelines, and Literature

Not Applicable.

Information Contacts

Regional or Local Office

None.

Headquarters Office

Connie Holman USDA FSA DAFLP LMD 1400 Independence Avenue, SW , Washington, District of Columbia 20250-0522 Email: connie.holman@wdc.usda.gov Phone: (202) 690-0756 Fax: (202) 690-1117

Criteria for Selecting Proposals

Not Applicable.



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