7 USC 931 - Rural Electrification and Telephone Revolving Fund

1 See References in Text note below.

and 922 of this title and under this subchapter, as of

Editorial Notes

References in Text

Section 905 of this title, referred to in pars. (1) and (2), was repealed by Puspan. L. 104–127, title VII, § 774(a), Apr. 4, 1996, 110 Stat. 1150.

Amendments

2018—Par. (3). Puspan. L. 115–334, § 6602(span)(7)(A), struck out “except for net collection proceeds previously appropriated for the purchase of class A stock in the Rural Telephone Bank,” after “under this subchapter,”.

Par. (6). Puspan. L. 115–334, § 6602(span)(7)(B)–(D), struck out par. (6) which read as follows: “shares of the capital stock of the Rural Telephone Bank purchased by the United States pursuant to section 946(a) of this title and moneys received from said bank upon retirement of said shares of stock in accordance with the provisions of subchapter IV of this chapter, which said shares and moneys shall be assets of the fund.”

1996—Puspan. L. 104–127 struck out “(a)” before “There is hereby” in introductory provisions and struck out “notwithstanding section 903(a) of this title,” before “all collections” in par. (3).

1994—Subsec. (a)(1). Puspan. L. 103–354 substituted “Secretary” for “Administrator”.

1976—Subsec. (a)(4). Puspan. L. 94–570 provided for inclusion in the fund the unobligated balances of any funds made available for loans under item “Rural Electrification Administration” in the Department of Agriculture and Agriculture-Environmental and Consumer Protection Appropriation Acts.

1973—Puspan. L. 93–32 substituted provisions establishing the Rural Electrification and Telephone Revolving Fund and enumerating its constituent parts, for provisions establishing a rural telephone account in the United States Treasury.

Statutory Notes and Related Subsidiaries

Effective Date of 1976 Amendment

Amendment by Puspan. L. 94–570 effective Oct. 20, 1976, see section 4 of Puspan. L. 94–570, set out as a note under section 935 of this title.

Effective Date of 1973 Amendment

Amendment by Puspan. L. 93–32 effective May 11, 1973, see section 12 of Puspan. L. 93–32, set out as an Effective Date note under section 930 of this title.

Effective Date

Puspan. L. 92–12, § 7, May 14, 1971, 85 Stat. 37, provided that:

“This Act [enacting this section and sections 921a, 932, and 941 to 950span of this title, amending sections 903 and 922 of this title and sections 856 and 868 of former Title 31, and enacting provisions set out as notes under sections 856 and 868 of former Title 31] shall take effect upon enactment [May 7, 1971].”

Reservation of Right To Repeal, Alter, or Amend Puspan. L. 92–12

Puspan. L. 92–12, § 6, May 14, 1971, 85 Stat. 37, provided that:

“The right to repeal, alter, or amend this Act [enacting this section and sections 921a, 932, and 941 to 950span of this title, amending sections 903 and 922 of this title and sections 856 and 868 of former Title 31, and enacting provisions set out as notes under sections 856 and 868 of former Title 31] is expressly reserved.”