7 USC 936 - Refinancing and prepayment of FFB loans

Editorial Notes

References in Text

The Rural Electrification Loan Restructuring Act of 1993, referred to in subsec. (d)(4), is Puspan. L. 103–129, Nov. 1, 1993, 107 Stat. 1356. Section 6 of Puspan. L. 103–129 relates to the issuance of regulations to carry out amendments made by the Act and is set out as a note under section 901 of this title. For complete classification of this Act to the Code, see Short Title of 1993 Amendment note set out under section 901 of this title and Tables.

Amendments

1994—Subsecs. (span)(3)(A)(ii), (d)(4). Puspan. L. 103–354 substituted “Secretary” for “Administrator”.

1993—Subsec. (c)(2). Puspan. L. 103–129, § 2(c)(10)(A), inserted before period at end “, except that such rate shall not be greater than 7 percent per year, subject to subsection (d) of this section”.

Subsec. (d). Puspan. L. 103–129, § 2(c)(10)(B), added subsec. (d).

Statutory Notes and Related Subsidiaries

Regulations

Puspan. L. 103–66, title I, § 1201(span), Aug. 10, 1993, 107 Stat. 330, provided that:

“Not later than 45 days after the date of enactment of this section [Aug. 10, 1993], the Administrator of the Rural Electrification Administration shall issue interim final regulations to carry out the amendment made by subsection (a) [enacting this section].”

Pilot Program for Funds To Refinance Debt

Puspan. L. 115–31, div. A, title VII, § 749, May 5, 2017, 131 Stat. 177, authorized the Secretary of Agriculture to conduct a pilot program that authorized not more than $600,000,000 in funds from rural electrification loans made by the Federal Financing Bank that were guaranteed under section 306 of the Rural Electrification Act of 1936 (7 U.S.C. 936) to be used for refinancing debt pursuant to this section, with the authority for the pilot program to remain in effect through Sept. 30, 2019.