7 U.S.C. § 940

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 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.].

7 U.S.C. § 940

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

EDITORIAL NOTES

REFERENCES IN TEXTThe Consolidated Farm and Rural Development Act, referred to in text, is title III of Pub. L. 87-128, Aug. 8, 1961, 75 Stat. 307, which is classified principally to chapter 50 (§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.

AMENDMENTS1994- Pub. L. 103-354 substituted "Secretary" for "Administrator".

STATUTORY NOTES AND RELATED SUBSIDIARIES

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.

Secretary

The term "Secretary" means the Secretary of Agriculture.

farm

The term "farm" means a farm, as defined by the Bureau of the Census.