View all text of Subchapter III [§ 930 - § 940i]
§ 940f. Extension of period of existing guarantee
(a) In general
(b) Limitations
(1) Feasibility and security
(2) Extension of useful life or collateral
Extensions under this section shall not be granted unless the borrower first submits with its request either—
(A) evidence satisfactory to the Secretary that a Federal or State agency with jurisdiction and expertise has made an official determination, such as through a licensing proceeding, extending the useful life of a generating plant or transmission line pledged as collateral to or beyond the new final maturity date being requested by the borrower, or
(B) a certificate from an independent licensed engineer concluding, on the basis of a thorough engineering analysis satisfactory to the Secretary, that the useful life of the generating plant or transmission line pledged as collateral extends to or beyond the new final maturity date being requested by the borrower.
(3) Amount eligible for extension
(4) Period of extension
(5) Number of extensions
(c) Fees
(1) In general
(2) Amount
(3) Payment
(May 20, 1936, ch. 432, title III, § 316, as added Pub. L. 109–97, title VII, § 774, Nov. 10, 2005, 119 Stat. 2160.)