---
kind: "section"
citation: "7 C.F.R. § 4280.1"
title: "7"
number: "4280.1"
heading: "Purpose."
url: "https://uscodex.org/cfr/7/4280.1"
---

# §4280.1. Purpose.


The Rural Economic Development Loan (REDL) and Grant (REDG) Programs provide financing to eligible Rural Utilities Service (RUS) electric or telecommunications borrowers (Intermediaries) to promote rural economic development and job creation projects.


## Notes

### Source

Source: 72 FR 29843, May 30, 2007, unless otherwise noted.

### Authority

Authority: 7 U.S.C. 1989(a), 7 U.S.C. 2008s.

### Source

Source: 70 FR 41303, July 18, 2005, unless otherwise noted.