FEDERAL · 7 U.S.C. · Chapter SUBCHAPTER III—RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS

Refinancing of rural development loans

7 U.S.C. § 940
Title7Agriculture
ChapterSUBCHAPTER III—RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS

This text of 7 U.S.C. § 940 (Refinancing of rural development loans) 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. § 940.

Text

At the request of the borrower, the Secretary is authorized and directed to refinance with loans which will be insured under this chapter at the interest rates provided in section 935 of this title any loans made for rural electric and telephone facilities under any provision of the Consolidated Farm and Rural Development Act [7 U.S.C. 1921 et seq.].

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Related

§ 935
7 U.S.C. § 935
§ 1921
7 U.S.C. § 1921

Source Credit

History

(May 20, 1936, ch. 432, title III, §310, as added Pub. L. 93–32, §2, May 11, 1973, 87 Stat. 70; amended Pub. L. 103–354, title II, §235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)

Editorial Notes

Editorial Notes

References in Text
The Consolidated Farm and Rural Development Act, referred to in text, is title III of Pub. L. 87–128, Aug. 8, 1961, 75 Stat. 307, which is classified principally to chapter 50 (§1921 et seq.) of this title. For complete classification of the Act to the Code, see Short Title note set out under section 1921 of this title and Tables.

Amendments
1994—Pub. L. 103–354 substituted "Secretary" for "Administrator".

Statutory Notes and Related Subsidiaries

Effective Date
Section effective May 11, 1973, see section 12 of Pub. L. 93–32, set out as a note under section 930 of this title.

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Bluebook (online)
7 U.S.C. § 940, Counsel Stack Legal Research, https://law.counselstack.com/usc/7/940.