FEDERAL · 7 U.S.C. · Chapter 31
Fees for certain loan guarantees
Current through Pub. L. 119-102
(a)In general
For electrification baseload generation loan guarantees, the Secretary shall, at the request of the borrower, charge an upfront fee to cover the costs of the loan guarantee.
(b)Fee
The fee described in subsection (a) for a loan guarantee shall be equal to the costs of the loan guarantee (within the meaning of section 661a(5)(C) of title 2).
(c)Limitation
Funds received from a borrower to pay the fee described in this section shall not be derived from a loan or other debt obligation that is made or guaranteed by the Federal Government.
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7 U.S.C. § 905 (Fees for certain loan guarantees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 661a
7 U.S.C. § 661a
Source Credit
History
(May 20, 1936, ch. 432, title I, §5, as added Pub. L. 113–79, title VI, §6101, Feb. 7, 2014, 128 Stat. 850.)
Editorial Notes
Editorial Notes
Prior Provisions
A prior section 905, acts May 20, 1936, ch. 432, title I, §5, 49 Stat. 1365; Sept. 21, 1944, ch. 412, title V, §502(b), 58 Stat. 739; Oct. 28, 1949, ch. 776, §2, 63 Stat. 948; Oct. 13, 1994, Pub. L. 103–354, title II, §235(a)(13), 108 Stat. 3221, related to loans for electrical and plumbing equipment and persons eligible for such loans, prior to repeal by Pub. L. 104–127, title VII, §774(a), Apr. 4, 1996, 110 Stat. 1150.
Prior Provisions
A prior section 905, acts May 20, 1936, ch. 432, title I, §5, 49 Stat. 1365; Sept. 21, 1944, ch. 412, title V, §502(b), 58 Stat. 739; Oct. 28, 1949, ch. 776, §2, 63 Stat. 948; Oct. 13, 1994, Pub. L. 103–354, title II, §235(a)(13), 108 Stat. 3221, related to loans for electrical and plumbing equipment and persons eligible for such loans, prior to repeal by Pub. L. 104–127, title VII, §774(a), Apr. 4, 1996, 110 Stat. 1150.