US Laws, Codes, Statutes & Cases

From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 7USC940]

 
                          TITLE 7--AGRICULTURE
 
         CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE SERVICE
 
    SUBCHAPTER III--RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS
 
Sec. 940. Refinancing of rural development loans

    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.].

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

                       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, as 
amended, which is classified principally to chapter 50 (Sec. 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''.


                             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.