2016 US Code
Title 7 - Agriculture
Chapter 31 - Rural Electrification and Telephone Service
Subchapter II - Rural Telephone Service
Sec. 921b - Policy of expansion of markets for debentures
| 7 U.S.C. § 921b (2016) |
| §921b. Policy of expansion of markets for debentures |
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It is hereby declared to be the policy of the Congress that the Rural Telephone Bank should have the capability of obtaining adequate funds for its supplementary financing program at the lowest possible costs. In order to effectuate this policy, it will be necessary to expand the market for debentures to be issued by the Telephone Bank. |
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(Pub. L. 92–324, §1, June 30, 1972, 86 Stat. 390.) |
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CODIFICATION
The last sentence of section 1 of Pub. L. 92–324 provided that: "The Rural Electrification Act of 1936, as amended (7 U.S.C. 901–950(b)), is therefore further amended as hereinafter provided." Section was not enacted as part of the title II of the Rural Electrification Act of 1936 which comprises this subchapter. EFFECTIVE DATEPub. L. 92–324, §4, June 30, 1972, 86 Stat. 390, provided that: "This Act [enacting this section, amending section 947 of this title, and enacting provisions set out as a note under this section] shall take effect upon enactment [June 30, 1972]." RESERVATION OF RIGHT TO REPEAL, ALTER, OR AMEND PUB. L. 92–324Pub. L. 92–324, §3, June 30, 1972, 86 Stat. 390, provided that: "The right to repeal, alter, or amend this Act [enacting this section, amending section 947 of this title, and enacting provisions set out as a note under this section] is expressly reserved." |
| United States Code, 2012 Edition, Supplement 4, Title 7 - AGRICULTURE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 7 - AGRICULTURE CHAPTER 31 - RURAL ELECTRIFICATION AND TELEPHONE SERVICE SUBCHAPTER II - RURAL TELEPHONE SERVICE Sec. 921b - Policy of expansion of markets for debentures |
| section 921b |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 86 Stat. 390 |
| Public Law 92-324 |
