There is one summary. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/24/1994)

TABLE OF CONTENTS:

Title I: Credit for Rural Business Enterprises

Title II: Credit for Rural Infrastructure

Title III: Credit for Rural Housing

Rural Credit and Development Act of 1994 - Title I: Credit for Rural Business Enterprises - Amends the Farm Credit Act of 1971 to permit farm credit banks and production credit associations to purchase loans and loan interests from non-Farm Credit System institutions.

Enlarges the scope of farm-related business for credit availability purposes.

Authorizes banks for cooperatives to provide loans and other financial services to entities providing certain farm-related services or products under specified conditions.

Title II: Credit for Rural Infrastructure - Authorizes Farm Credit banks to make community facility loans.

Authorizes banks for cooperatives to finance utility-related services.

Title III: Credit for Rural Housing - Enlarges rural housing credit availability by: (1) increasing eligible population areas; (2) increasing farm credit bank and production credit association loan portfolios for non-farmer rural housing loans; and (3) authorizing loans to rural residents for personal, family, or household needs other than housing finance.