§ 940. — Refinancing of rural development loans.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC940]
TITLE 7--AGRICULTURE
CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE SERVICE
SUBCHAPTER III--RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS
Sec. 940. Refinancing of rural development loans
At the request of the borrower, the Secretary is authorized and
directed to refinance with loans which will be insured under this
chapter at the interest rates provided in section 935 of this title any
loans made for rural electric and telephone facilities under any
provision of the Consolidated Farm and Rural Development Act [7 U.S.C.
1921 et seq.].
(May 20, 1936, ch. 432, title III, Sec. 310, as added Pub. L. 93-32,
Sec. 2, May 11, 1973, 87 Stat. 70; amended Pub. L. 103-354, title II,
Sec. 235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)
References in Text
The Consolidated Farm and Rural Development Act, referred to in
text, is title III of Pub. L. 87-128, Aug. 8, 1961, 75 Stat. 307, as
amended, which is classified principally to chapter 50 (Sec. 1921 et
seq.) of this title. For complete classification of the Act to the Code,
see Short Title note set out under section 1921 of this title and
Tables.
Amendments
1994--Pub. L. 103-354 substituted ``Secretary'' for
``Administrator''.
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.
