Maximum Dollar Amount on Awards Under the Rural Economic Development Loan and Grant Program for Fiscal Year 2005

The summary for the Maximum Dollar Amount on Awards Under the Rural Economic Development Loan and Grant Program for Fiscal Year 2005 Federal Grant is detailed below. It contains information such as the Catalog of Federal Domestic Assistance (CFDA) number, who is eligible for the grant, how much grant money will be awarded, important deadlines, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed in the Grant Announcement Contact section. If these sections are incomplete, please visit the website of the government agency that is offering this grant.


	Federal Grant Title:	Maximum Dollar Amount on Awards Under the Rural Economic Development Loan and Grant Program for Fiscal Year 2005
	CFDA Number:	10.854
	CFDA Description:	Rural Economic Development Loans and Grants
	Federal Agency Name:	Business and Cooperative Programs
	Category of Funding Activity:	Business and Commerce Community Development Education Employment Labor and Training Other
	Category Explanation:	Community infrastructure/facilities and services necessary for economic development and job creation purposes; medical facilities and equipment to provide training and job enhancement skills to rural residents to facilitate economic development; and
	Opportunity Category:	Discretionary
	Funding Opportunity Number:	RDRB-05-04REDLG
	Document Type:	Grants Notice
	Funding Instrument Type:	Grant Other
	Posted Date:	Mar 31, 2005
	Creation Date:	Mar 31, 2005
	Original Closing Date for Applications:	Applications will be accepted by Rural Development State Offices on a quarterly basis. The deadlines for applications are December 31, 2004, March 31, 2005, and June 30, 2005.
	Current Closing Date for Applications:	Information not provided
	Archive Date:	Information not provided
	Expected Number of Awards:	Information not provided
	Estimated Total Program Funding:	$35,000,000
	Federal Grant Award Ceiling:	$740,000
	Federal Grant Award Floor:	$200,000
	Cost Sharing or Matching Requirement:	Yes

Applicants Eligible for this Grant: Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Information on Eligibility: Any entity that has outstanding RUS and/or Rural Telephone Bank (RTB) loan(s) or loan guarantee(s) for an electric or telephone purpose under the provisions of the REA Act. This also includes any entity with a previous lending history with RUS and/or RTB that entered into a prepayment agreement to satisfy its outstanding obligations.
Grant Description: The Rural Business-Cooperative Service hereby announces the maximum dollar amount on loan and grant awards under the Rural Economic Development Loan and Grant (REDLG) program for fiscal year (FY) 2005. The maximum dollar award on zero-interest loans for FY 2005 is $740,000. The maximum dollar award on grants for FY 2005 is $300,000. The maximum loan and grant awards stated in this notice are effective for loans and grants made during fiscal year beginning October 1, 2004, and ending September 30, 2005. REDLG loans and grants are available to Rural Utilities Service electric and telephone utilities to assist in developing rural areas from an economic standpoint.
Link to Full Grant Announcement: Rural Development Business Programs Rural Economic Development Loan and Grant Webpage
http://www.rurdev.usda.gov/rbs/busp/redlg.htm
Grant Announcement Contact: Nicholas, Kenya, Loan Specialist, Phone 202-720-1970, Fax 202-720-2213, Email kenya.nicholas@usda.gov kenya.nicholas@usda.gov Nicholas, Kenya