Amendment increases by $50 million the funding for gross obligations for loans to section 502 borrowers; increases by $10.4 million the cost of direct and guaranteed loans including the cost of modifying loans; and offsets that increase by reducing funds for the Rural Housing and Community Development Service.

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Amendment Number
585
Description
Amendment increases by $50 million the funding for gross obligations for loans to section 502 borrowers; increases by $10.4 million the cost of direct and guaranteed loans including the cost of modifying loans; and offsets that increase by reducing funds for the Rural Housing and Community Development Service.
Purpose
An amendment, not preprinted in the Congressional Record, to increase funds appropriated in the bill for the Rural House Insurance fund by approximately $10 million.
Congress
104
Type
HAMDT
Latest Action Date
Jul 20, 1995
Latest Action Text
On agreeing to the Callahan amendment (A010) Agreed to by voice vote.
Latest Action Time
17:47:02
Submitted Date
Jul 20, 1995
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 585 — Informed