§ 925. — Loan feasibility.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 7USC925]
TITLE 7--AGRICULTURE
CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE SERVICE
SUBCHAPTER II--RURAL TELEPHONE SERVICE
Sec. 925. Loan feasibility
The Secretary and the Governor of the telephone bank may not, as a
condition of making a telephone loan to an applicant therefor, require
the applicant to--
(1) increase the rates charged to the applicant's customers or
subscribers; or
(2) increase the applicant's ratio of--
(A) net income or margins before interest; to
(B) the interest requirements on all of the applicant's
outstanding and proposed loans.
(May 20, 1936, ch. 432, title II, Sec. 204, as added Pub. L. 101-624,
title XXIII, Sec. 2355, Nov. 28, 1990, 104 Stat. 4039; amended Pub. L.
103-354, title II, Sec. 235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)
Amendments
1994--Pub. L. 103-354 substituted ``Secretary'' for
``Administrator''.
