Rural Development Trust Fund

There is established in the Treasury of the United States a trust fund which shall be known as the Rural Development Trust Fund (in this subchapter referred to as the “Trust Fund”). There are established in the Trust Fund the following accounts: Notwithstanding any other provision of law, each fiscal year— The function categories described in this subsection are the following: The rural community development category consists of all amounts made available for— The rural utilities category consists of all amounts made available for— The rural business and cooperative development category consists of all amounts made available for— Each fiscal year, the Secretary shall transfer to the federally recognized Indian tribe account of the Trust Fund 3 percent of the amount deposited into the Trust Fund for the fiscal year under subsection (d). The Secretary shall make available to federally recognized Indian tribes the amounts in the federally recognized Indian tribe account for use pursuant to any authority described in subsection (d). The Secretary shall allocate the amounts in each account specified in subsection (c) among the States in a fair, reasonable, and appropriate manner that takes into consideration rural population, levels of income, unemployment, and other relevant factors, as determined by the Secretary. The Secretary shall make available to each State the total amount allocated for the State under subsection (f) that remains after applying section 2009f of this title.