Summary: H.R.5579 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for H.R.5579. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/08/2002)

Rural Development Act of 2002 - Amends the Internal Revenue Code to establish a limited rural investment tax credit for each new or existing qualified rural investment building that is part of a qualified rural investment project located in a qualifying county.

Directs the Secretary of Education to award rural education initiative grants to States for local educational agencies.

Amends the Public Health Service Act to establish a National Physician and Nurse Service Corps Scholarship Program to provide scholarships to individuals seeking medical or nursing education in exchange for service in rural areas.