2012 US Code
Title 7 - Agriculture
Chapter 50 - AGRICULTURAL CREDIT (§§ 1921 - 2009ee-3)
Subchapter I - REAL ESTATE LOANS (§§ 1922 - 1936a)
Section 1936a - Use of rural development loans and grants for other purposes
| Publication Title | United States Code, 2012 Edition, Title 7 - AGRICULTURE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 7 - AGRICULTURE CHAPTER 50 - AGRICULTURAL CREDIT SUBCHAPTER I - REAL ESTATE LOANS Sec. 1936a - Use of rural development loans and grants for other purposes |
| Contains | section 1936a |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 87-128, title III, §310G, as added Pub. L. 107-171, title VI, §6018, May 13, 2002, 116 Stat. 361. |
| Statutes at Large Reference | 116 Stat. 361 |
| Public Law References | Public Law 87-128, Public Law 107-171 |
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If, after making a loan or a grant described in section 2009d(d) of this title, the Secretary determines that the circumstances under which the loan or grant was made have sufficiently changed to make the project or activity for which the loan or grant was made available no longer appropriate, the Secretary may allow the loan borrower or grant recipient to use property (real and personal) purchased or improved with the loan or grant funds, or proceeds from the sale of property (real and personal) purchased with such funds, for another project or activity that (as determined by the Secretary)—
(1) will be carried out in the same area as the original project or activity;
(2) meets the criteria for a loan or a grant described in section 2009d(d) of this title; and
(3) satisfies such additional requirements as are established by the Secretary.
(Pub. L. 87–128, title III, §310G, as added Pub. L. 107–171, title VI, §6018, May 13, 2002, 116 Stat. 361.)
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