2015 US Code
Title 7 - Agriculture (Sections 1 - 9097)
Chapter 31 - Rural Electrification and Telephone Service (Sections 901 - 950bb-2)
Subchapter III - Rural Electric and Telephone Direct Loan Programs (Sections 930 - 940h)
Sec. 937 - Loans from other credit sources
Publication Title | United States Code, 2012 Edition, Supplement 3, Title 7 - AGRICULTURE |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 7 - AGRICULTURE CHAPTER 31 - RURAL ELECTRIFICATION AND TELEPHONE SERVICE SUBCHAPTER III - RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS Sec. 937 - Loans from other credit sources |
Contains | section 937 |
Date | 2015 |
Laws In Effect As Of Date | January 3, 2016 |
Positive Law | No |
Disposition | standard |
Source Credit | May 20, 1936, ch. 432, title III, §307, as added Pub. L. 93-32, §2, May 11, 1973, 87 Stat. 70; amended Pub. L. 97-35, title I, §165(c), Aug. 13, 1981, 95 Stat. 379; Pub. L. 103-129, §2(c)(8), Nov. 1, 1993, 107 Stat. 1365; Pub. L. 103-354, title II, §235(a)(13), Oct. 13, 1994, 108 Stat. 3221. |
Statutes at Large References | 87 Stat. 70 95 Stat. 379 107 Stat. 1365 108 Stat. 3221 |
Public and Private Laws | Public Law 93-32, Public Law 97-35, Public Law 103-129, Public Law 103-354 |
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When it appears to the Secretary that the loan applicant is able to obtain a loan for part of his credit needs from a responsible cooperative or other credit source at reasonable rates and terms consistent with the loan applicant's ability to pay and the achievement of this chapter's objectives, he may request the loan applicant to apply for and accept such a loan concurrently with an insured loan, subject, however, to full use being made by the Secretary of the funds made available hereunder for such insured loans under this subchapter. The Secretary may not request any applicant for an electric loan under this chapter to apply for and accept a loan in an amount exceeding 30 percent of the credit needs of the applicant.
(May 20, 1936, ch. 432, title III, §307, as added Pub. L. 93–32, §2, May 11, 1973, 87 Stat. 70; amended Pub. L. 97–35, title I, §165(c), Aug. 13, 1981, 95 Stat. 379; Pub. L. 103–129, §2(c)(8), Nov. 1, 1993, 107 Stat. 1365; Pub. L. 103–354, title II, §235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)
AMENDMENTS1994—Pub. L. 103–354 substituted "Secretary" for "Administrator" wherever appearing.
1993—Pub. L. 103–129 inserted at end "The Administrator may not request any applicant for an electric loan under this chapter to apply for and accept a loan in an amount exceeding 30 percent of the credit needs of the applicant."
1981—Pub. L. 97–35 substituted "an insured loan" for "a loan insured at the standard rate".
EFFECTIVE DATESection 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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