7 CFR § 4280.1 - Purpose.

---
identifier: "/us/cfr/t7/s4280.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 4280.1 - Purpose."
title_number: 7
title_name: "Agriculture"
section_number: "4280.1"
section_name: "Purpose."
chapter_name: "RURAL BUSINESS-COOPERATIVE SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "4280"
part_name: "LOANS AND GRANTS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 1989(a), 7 U.S.C. 2008s."
regulatory_source: "70 FR 41303, July 18, 2005, unless otherwise noted."
cfr_part: "4280"
---


# 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.