7 U.S.C. § 940
Refinancing of rural development loans
United States · Title 7 — AGRICULTURE · Status: effective
Cite this
- Citation
- 7 U.S.C. § 940, Refinancing of rural development loans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/429189
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Full 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.].
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- An Act to amend the Rural Electrification Act of 1936, as amended, to establish a Rural Electrification and Telephone Revolving Fund to provide adequate funds for rural electric and telephone systems through insured and guaranteed loans at interest rates which will allow them to achieve the objectives of the Act, and for other purposes.House: no recorded tallySenate: no recorded tally
- Federal Crop Insurance Reform and Department of Agriculture Reauthorization Act of 1994House: no recorded tallySenate: no recorded tally