§ 939. — Loan terms and conditions.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC939]
TITLE 7--AGRICULTURE
CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE SERVICE
SUBCHAPTER III--RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS
Sec. 939. Loan terms and conditions
Loans made from or insured through the fund shall be for the same
purposes and on the same terms and conditions as are provided for loans
in subchapters I and II of this chapter except as otherwise provided in
sections 933 to 938 inclusive. The preceding sentence shall not be
construed to make section 948(b)(2) or 950b of this title applicable to
this subchapter.
(May 20, 1936, ch. 432, title III, Sec. 309, as added Pub. L. 93-32,
Sec. 2, May 11, 1973, 87 Stat. 70; amended Pub. L. 101-624, title XXIII,
Sec. 2360, Nov. 28, 1990, 104 Stat. 4042; Pub. L. 103-129, Sec. 2(b)(2),
Nov. 1, 1993, 107 Stat. 1363; Pub. L. 104-127, title VII, Sec. 779, Apr.
4, 1996, 110 Stat. 1151.)
Amendments
1996--Pub. L. 104-127 struck out subsec. (a) designation and heading
``In general'' and heading and text of subsec. (b). Prior to amendment,
text read as follows: ``The term of any telephone loan made under this
subchapter shall be determined by the borrower at the time the loan
application is submitted.''
1993--Subsec. (a). Pub. L. 103-129 inserted at end ``The preceding
sentence shall not be construed to make section 948(b)(2) or 950b of
this title applicable to this subchapter.''
1990--Pub. L. 101-624 designated existing provisions as subsec. (a)
and added subsec. (b).
Effective Date
Section effective May 11, 1973, see section 12 of Pub. L. 93-32, set
out as a note under section 930 of this title.
