Summary
The bill: establishes the Regional Investment Corporation to administer farm business loans and financial assistance granted to states and territories in relation to water infrastructure projects, and any future programs prescribed by rules; provides for the corporation’s functions, operating mandate, ministerial directions, board membership and appointment of a chief executive officer and staff; and provides for miscellaneous matters, including the recovery of costs, delegations, power to make rules, and an independent review of the operation of the Act before 1 July 2024.