§ 903. — Authorization of appropriations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC903]
TITLE 7--AGRICULTURE
CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE SERVICE
SUBCHAPTER I--RURAL ELECTRIFICATION
Sec. 903. Authorization of appropriations
There are authorized to be appropriated such sums as are necessary
to carry out this chapter.
(May 20, 1936, ch. 432, title I, Sec. 3, 49 Stat. 1364; June 21, 1938,
ch. 554, title IV, Sec. 401, 52 Stat. 818; Sept. 21, 1944, ch. 412,
title V, Secs. 501, 503, 504, 58 Stat. 739, 740; July 30, 1947, ch. 356,
title I, Sec. 1, 61 Stat. 546; Oct. 28, 1949, ch. 776, Secs. 2, 4(a)-
(d), 63 Stat. 948; June 15, 1955, ch. 139, Sec. 1, 69 Stat. 131; Pub. L.
92-12, Sec. 3(a), May 7, 1971, 85 Stat. 37; Pub. L. 93-32, Sec. 3, May
11, 1973, 87 Stat. 70; Pub. L. 103-354, title II, Sec. 235(a)(3), (13),
Oct. 13, 1994, 108 Stat. 3220, 3221; Pub. L. 104-127, title VII,
Sec. 772(a), Apr. 4, 1996, 110 Stat. 1149.)
Amendments
1996--Pub. L. 104-127 amended section generally, inserting section
catchline and substituting current provisions for provisions relating to
funds of Secretary, including provisions for loans by Secretary of the
Treasury, authorization of appropriations, allotment of funds for loans
in States, loans of unallotted funds, and unexpended funds and
limitation on use.
1994--Pub. L. 103-354 substituted ``Secretary'' for ``Administrator,
upon the request and approval of the Secretary of Agriculture,'' and for
``Administrator appointed pursuant to the provisions of this chapter or
from the Administrator of the Rural Electrification Administration
established by Executive Order Numbered 7037'' in first sentence of
subsec. (a) and substituted ``Secretary'' for ``Administrator'' wherever
appearing.
1973--Subsec. (f). Pub. L. 93-32 struck out subsec. (f) which made
provision for the disposition of payments on loans that had been made by
the Administrator.
1971--Subsec. (f). Pub. L. 92-12 inserted introductory text ``Except
as otherwise provided in sections 931 and 946(a) of this title''.
1955--Subsec. (c). Act June 15, 1955, reduced the funds which may be
allotted for loans from fifty to twenty-five per centum of the available
or appropriated sum, and inserted two provisos.
Subsec. (d). Act June 15, 1955, substituted ``75 per centum'' for
``50 per centum'', and ``25 per centum'' for ``10 per centum''.
Subsec. (e). Act June 15, 1955, substituted ``25 per centum'' for
``10 per centum''.
1949--Act Oct. 28, 1949, Sec. 2, inserted ``title I,'' in credit of
act May 20, 1936.
Subsec. (a). Act Oct. 28, 1949, Sec. 4(a), authorized loans for
financing facilities to render telephone service.
Subsec. (c). Act Oct. 28, 1949, Sec. 4(b), substituted ``for loans
for rural electrification pursuant to sections 904 and 905 of this
title'' for ``for the purposes of this chapter''.
Subsec. (d). Act Oct. 28, 1949, Sec. 4(c), inserted ``rural
electrification'' after ``available for''.
Subsec. (e). Act Oct. 28, 1949, Sec. 4(d), inserted ``for rural
electrification loans'' after ``sums'' in proviso.
1947--Subsec. (a). Act July 30, 1947, amended subsec. (a) generally,
and among other things transferred from the Reconstruction Finance
Corporation to the Secretary of the Treasury the power to make loans.
Subsec. (f). Act July 30, 1947, substituted Secretary of the
Treasury for Reconstruction Finance Corporation.
1944--Subsec. (a). Act Sept. 21, 1944, struck out ``The
Reconstruction Finance Corporation is hereby authorized and directed to
make loans to the Administrator, upon his request approved by the
President, not exceeding in aggregate amounts $50,000,000 for the fiscal
year ending June 30, 1937, and $100,000,000 for the fiscal year ending
June 30, 1939, with interest at 3 per centum per annum'' and inserted in
lieu thereof ``The Reconstruction Finance Corporation is hereby
authorized and directed to make loans to the Administrator, upon the
request and approval of the Secretary of Agriculture, in such amounts in
the aggregate for each fiscal year commencing with the fiscal year
ending June 30, 1945, as the Congress may from time to time determine to
be necessary, with interest at a rate of 1\3/4\ per centum per annum'',
changed colon to period following ``numbered 70037'', inserted
``Interest rates on the unpaid balance of any loans made by the
Reconstruction Finance Corporation to the Administrator prior to the
effective date of this amendment shall be adjusted to a rate of 1\3/4\
per centum per annum'', inserted sentence ``The amount of the notes,
bonds, debentures, and other such obligations which the Reconstruction
Finance Corporation is authorized and empowered to issue and to have
outstanding at any one time under existing law is hereby increased by an
amount sufficient to carry out the provisions hereof'', and substituted
``thirty-five years'' for ``twenty-five years'' in second proviso.
Subsec. (b). Act Sept. 21, 1944, struck out subsec. (b) limiting
amount of appropriation and renewal of appropriations to eight years
after June 30, 1938, and inserted a new subsec. (b).
Subsec. (e). Act Sept. 21, 1944, struck out ``and provided further,
that no loans shall be made by the Reconstruction Finance Corporation to
the Administrator after June 30, 1939'', and changed colon to period
after ``territories''.
1938--Subsecs. (a), (e). Act June 21, 1938, inserted ``and
$100,000,000 for the fiscal year ending June 30, 1939'' after ``June 30,
1937,'' in subsec. (a), and substituted ``June 30, 1939'' for ``June 30,
1937'' in subsec. (e).
Effective Date of 1973 Amendment
Amendment by Pub. L. 93-32 effective May 11, 1973, see section 12 of
Pub. L. 93-32, set out as an Effective Date note under section 930 of
this title.
Effective Date of 1971 Amendment
Amendment by Pub. L. 92-12 effective May 7, 1971, see section 7 of
Pub. L. 92-12, set out as an Effective Date note under section 921a of
this title.
Restrictions on Borrower
Section 401 of act June 21, 1938, as amended by Pub. L. 103-182,
title III, Sec. 381(d), Dec. 8, 1993, 107 Stat. 2129; Pub. L. 103-354,
title II, Sec. 235(b)(3), Oct. 13, 1994, 108 Stat. 3221; Pub. L. 103-
465, title III, Sec. 342(g), Dec. 8, 1994, 108 Stat. 4954, in addition
to amending subsecs. (a) and (e), provided in part as follows: ``In
making loans pursuant to this title [title IV of such act] and pursuant
to the Rural Electrification Act of 1936 [this chapter], the Secretary
of Agriculture shall require that, to the extent practicable and the
cost of which is not unreasonable, the borrower agree to use in
connection with the expenditure of such funds only such unmanufactured
articles, materials, and supplies, as have been mined or produced in the
United States or in any eligible country, and only such manufactured
articles, materials, and supplies as have been manufactured in the
United States or in any eligible country substantially all from
articles, materials, or supplies mined, produced, or manufactured, as
the case may be, in the United States or in any eligible country. For
purposes of this section, an `eligible country' is any country that
applies with respect to the United States an agreement ensuring
reciprocal access for United States products and services and United
States suppliers to the markets of that country, as determined by the
United States Trade Representative.''
[Amendment by section 342(g) of Pub. L. 103-465 to section 401 of
act June 21, 1938, set out above, effective on the date on which the WTO
Agreement enters into force with respect to the United States [Jan. 1,
1995], see section 344(b) of Pub. L. 103-465, set out as an Effective
Date of 1994 Amendment note under section 2512 of Title 19, Customs
Duties.]
[Amendment by subsec. 381(d) of Pub. L. 103-182 to section 401 of
act June 21, 1938, set out above, effective on the date the North
American Free Trade Agreement enters into force with respect to the
United States [Jan. 1, 1994], see section 381(e) of Pub. L. 103-182, set
out as an Effective Date of 1993 Amendment note under section 2511 of
Title 19, Customs Duties.]
Section Referred to in Other Sections
This section is referred to in sections 904, 907, 922 of this title.
