Definitions.—

Sec. 507. Definitions.— For tire purposes of this title— (a) “Rural development” means the planning, financing, and development of facilities and services in rural areas that contribute to making these areas desirable places in which to live and make private and business investments; the planning, development, and expansion of business and industry in rural areas to provide increased employment and income; the planning, development, conservation, and use of land, water, and other natural resources of rural areas to maintain or enhance the quality of the environment for people and business in rural areas; and processes and procedures that have said objectives as their major purposes. (b) The word “State” means the several States and the Commonwealth of Puerto Rico.