PocketLaw | USC 7 | RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS

RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS

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Congressional declaration of policy

Rural Electrification and Telephone Revolving Fund

Level of loan programs under Rural Electrification and Telephone Revolving Fund

Liabilities and uses of Rural Electrification and Telephone Revolving Fund

Moneys in the Rural Electrification and Telephone Revolving Fund

Authorized financial transactions; interim notes; purchase of obligations for resale; sale of notes and certificates; liens

Insured loans; interest rates and lending levels

Guaranteed loans; accommodations and subordination of liens; interest rates; assignability of guaranteed loans and related guarantees

Prepayment of loans

Sale or prepayment of direct or insured loans

Refinancing and prepayment of FFB loans

Eligibility of distribution borrowers for loans, loan guarantees, and lien accommodations

Administrative prohibitions applicable to certain electric borrowers

Substantially underserved trust areas

Loans from other credit sources

Full faith and credit of the United States

Loan terms and conditions

Refinancing of rural development loans

Repealed. Pub. L. 104–127, title VII, §780, Apr. 4, 1996, 110 Stat. 1151

Use of funds

Cushion of credit payments program

Section
940c–1

Guarantees for bonds and notes issued for electrification or telephone purposes

Section
940c–2

Rural development loans and grants

Repealed. Pub. L. 115–334, title VI, §6601(b), Dec. 20, 2018, 132 Stat. 4776

Expansion of 911 access

Extension of period of existing guarantee

Electric loans for renewable energy

Bonding requirements

Cybersecurity and grid security improvements