7 U.S.C. § 925 — Loan feasibility

FEDERAL · 7 U.S.C. · Chapter SUBCHAPTER II—RURAL TELEPHONE SERVICE

Loan feasibility

7 U.S.C. § 925

ChapterSUBCHAPTER II—RURAL TELEPHONE SERVICE

This text of 7 U.S.C. § 925 (Loan feasibility) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

7 U.S.C. § 925.

Text

The Secretary may not, as a condition of making a telephone loan to an applicant therefor, require the applicant to—

(1)increase the rates charged to the applicant's customers or subscribers; or

(2)increase the applicant's ratio of—

(A)net income or margins before interest; to

(B)the interest requirements on all of the applicant's outstanding and proposed loans.

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Source Credit

History

(May 20, 1936, ch. 432, title II, §204, as added Pub. L. 101–624, title XXIII, §2355, Nov. 28, 1990, 104 Stat. 4039; amended Pub. L. 103–354, title II, §235(a)(13), Oct. 13, 1994, 108 Stat. 3221; Pub. L. 115–334, title VI, §6602(b)(2), Dec. 20, 2018, 132 Stat. 4776.)

Editorial Notes

Editorial Notes

Amendments
2018—Pub. L. 115–334 struck out "and the Governor of the telephone bank" after "The Secretary" in introductory provisions.
1994—Pub. L. 103–354 substituted "Secretary" for "Administrator".

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Bluebook (online)

7 U.S.C. § 925, Counsel Stack Legal Research, https://law.counselstack.com/usc/7/925.