In general— Not later than 1 year after the date of the enactment of this section, the Secretary of Agriculture, acting through the Chief of the Forest Service, shall develop and implement a national strategy to increase the capacity of Federal, State, Tribal, and private nurseries to address the nationwide shortage of tree seedlings.
barriers to expanding, enhancing, or creating new infrastructure to increase nursery capacity.
Sec. 3
Federal nurseries
Section 2 of the Act of June 9, 1930 (16 U.S.C. 576a; commonly known as the “Knutson-Vandenberg Act”), is amended by striking “each fiscal year after year ending June 30, 1934, not to exceed $400,000,” and inserting “each of fiscal years 2021 through 2030, $25,000,000,”.
Sec. 4
Loan program for State, Tribal, and private nurseries
In general— The Secretary of Agriculture shall carry out a loan program to make or guarantee qualified nursery loans to eligible entities under this section.
Application— To be eligible to receive a qualified nursery loan or loan guarantee under this section, an eligible entity shall submit to the Secretary of Agriculture an application at such time, in such manner, and containing such information as the Secretary may require, including a plan to maintain the genetic and physical quality of seedlings of the eligible entity.
Priority— In making qualified nursery loans or loan guarantees under this section, the Secretary of Agriculture shall give priority to eligible entities that—
Amount guaranteed— The portion of a loan that the Secretary of Agriculture may guarantee under this section may not be greater than 80 percent of the principal amount of such loan.
Limitation on authority— The total amount of qualified nursery loans made or guaranteed under this section by the Secretary may not exceed $1,000,000,000.
Distribution— The Secretary shall ensure, to the maximum extent practicable, that loans made or guaranteed under this section are distributed across diverse geographic regions.
Nursery— The term ‘nursery means a State, Tribal, or local government or private owned facility that grows, stores, extracts, or monitors bareroot or container tree seedlings.
Qualified nursery loan— The term qualified nursery loan means a low-interest loan, the proceeds of which are used to cover the costs to the borrower of carrying out a qualified nursery project described in subsection (d).