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7 U.S.C. § 6946 — Rural Business and Cooperative Development Service
Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment authorized** Notwithstanding any other provision of law, the Secretary is authorized to establish and maintain within the Department the Rural Business and Cooperative Development Service and to assign to the Service such functions as the Secretary considers appropriate.
**(b) Functions** If the Secretary establishes the Rural Business and Cooperative Development Service under subsection (a), the Secretary is authorized to assign to the Service jurisdiction over the following:
(1) Section 313 and title V of the Rural Electrification Act of 1936 ([7 U.S.C. 940c](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section940c&num=0&edition=prelim) and 950aa et seq.).
(2) Subtitle G 11 See References in Text note below. of title XVI of the Food, Agriculture, Conservation, and Trade Act of 1990.
(3) Sections 306(a)(1) and 310B of the Consolidated Farm and Rural Development Act ([7 U.S.C. 1926(a)(1)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1926/a/1&num=0&edition=prelim) and 1932).
(4) Section 1323 of the Food Security Act of 1985 (Public Law 99–198; [7 U.S.C. 1932](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1932&num=0&edition=prelim) note).
(5) The Act of July 2, 1926 (44 Stat. 802, chapter 725; [7 U.S.C. 451](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section451&num=0&edition=prelim) et seq.).
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Source location: Title 7, Chapter 98, § 6946; chapter-098-department-of-agriculture-reorganization.md
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**(a) Establishment authorized** Notwithstanding any other provision of law, the Secretary is authorized to establish and maintain within the Department the Rural Business and Cooperative Development Service and to assign to the Service such functions as the Secretary considers appropriate.
**(b) Functions** If the Secretary establishes the Rural Business and Cooperative Development Service under subsection (a), the Secretary is authorized to assign to the Service jurisdiction over the following:
(1) Section 313 and title V of the Rural Electrification Act of 1936 ([7 U.S.C. 940c](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section940c&num=0&edition=prelim) and 950aa et seq.).
(2) Subtitle G 11 See References in Text note below. of title XVI of the Food, Agriculture, Conservation, and Trade Act of 1990.
(3) Sections 306(a)(1) and 310B of the Consolidated Farm and Rural Development Act ([7 U.S.C. 1926(a)(1)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1926/a/1&num=0&edition=prelim) and 1932).
(4) Section 1323 of the Food Security Act of 1985 (Public Law 99–198; [7 U.S.C. 1932](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1932&num=0&edition=prelim) note).
(5) The Act of July 2, 1926 (44 Stat. 802, chapter 725; [7 U.S.C. 451](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section451&num=0&edition=prelim) et seq.).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment**
(1) **In general**
(A) *Development and promotion of program* — The Secretary shall develop and promote a program to encourage borrowers to voluntarily make deposits into cushion of credit accounts established within the Rural Electrification and Telephone Revolving Fund.
(B) *Termination* — Effective on December 20, 2018, no deposits may be made under subparagraph (A).
(2) **Interest**
(A) *In general* — Amounts in each cushion of credit account shall accrue interest to the borrower at a rate of 5 percent per annum.
(B) *Reduction* — Notwithstanding subparagraph (A), amounts in each cushion of credit account shall accrue interest to the borrower at a rate equal to—
(i) 4 percent per annum in fiscal year 2021; and
(ii) the then applicable 1-year Treasury rate thereafter.
(3) **Balance**
(A) *In general* — A borrower may reduce the balance of its cushion of credit account only if the amount obtained from the reduction is used to make scheduled payments on loans made or guaranteed under this chapter.
(B) *Prepayment* — Notwithstanding subparagraph (A) and subject to subparagraph (C), beginning on December 20, 2018, and ending with September 30, 2020, a borrower may, at the sole discretion of the borrower, reduce the balance of its cushion of credit account if the amount obtained from the reduction is used to prepay loans made or guaranteed under this chapter.
(C) *No prepayment premium* — Notwithstanding any other provision of this chapter, no prepayment premium shall be imposed or collected with respect to that portion of a loan that is prepaid by a borrower in accordance with subparagraph (B).
(D) *Mandatory funding* — Notwithstanding [section 661c of title 2](https://uscode.house.gov/view.xhtml?req=granuleid:US
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 940c
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Source** The Secretary shall provide the price support authorized or required herein through the Commodity Credit Corporation and other means available to him.
**(b) Authority of Secretary; factors considered** Except as otherwise provided in this Act, the amounts, terms, and conditions of price support operations and the extent to which such operations are carried out, shall be determined or approved by the Secretary. The following factors shall be taken into consideration in determining, in the case of any commodity for which price support is discretionary, whether a price-support operation shall be undertaken and the level of such support and, in the case of any commodity for which price support is mandatory, the level of support in excess of the minimum level prescribed for such commodity: (1) the supply of the commodity in relation to the demand therefor, (2) the price levels at which other commodities are being supported and, in the case of feed grains, the feed values of such grains in relation to corn, (3) the availability of funds, (4) the perishability of the commodity, (5) the importance of the commodity to agriculture and the national economy, (6) the ability to dispose of stocks acquired through a price-support operation, (7) the need for offsetting temporary losses of export markets, (8) the ability and willingness of producers to keep supplies in line with demand and (9), in the case of upland cotton, changes in the cost of producing such cotton.
**(c) Compliance by producer; program for diverted acres** Compliance by the producer with acreage allotments, production goals and marketing practices (including marketing quotas when authorized by law), prescribed by the Secretary, may be required as a condition of eligibility for price support. In admi
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1421
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Federal law — U.S. Code and appendices · legal_authorities
When used in this chapter the term “agricultural products” means agricultural, horticultural, viticultural, and dairy products, livestock and the products thereof, the products of poultry and bee raising, the edible products of forestry, and any and all products raised or produced on farms and processed or manufactured products thereof, transported or intended to be transported in interstate and/or foreign commerce.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 451
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 87–128, title III, § 310A, as added Pub. L. 92–419, title I, § 117, Aug. 30, 1972, 86 Stat. 663, related to insured watershed and resource conservation and development loans.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1932
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Federal law — U.S. Code and appendices · legal_authorities
This chapter may be cited as the “Rural Electrification Act of 1936”.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary shall make or insure no loan under sections 1922, 1923, 1924, 1934, and 1935 of this title that would cause the unpaid indebtedness under such sections of any one borrower to exceed the smaller of (1) the value of the farm or other security, or (2) in the case of a loan other than a loan guaranteed by the Secretary, $600,000, or, in the case of a loan guaranteed by the Secretary, $1,750,000 (increased, beginning with fiscal year 2019, by the inflation percentage applicable to the fiscal year in which the loan is guaranteed and reduced by the amount of any unpaid indebtedness of the borrower on loans under subchapter II that are guaranteed by the Secretary).
**(b) Determination of value** In determining the value of the farm, the Secretary shall consider appraisals made by competent appraisers under rules established by the Secretary.
**(c) Inflation percentage** For purposes of this section, the inflation percentage applicable to a fiscal year is the percentage (if any) by which—
(1) the average of the Prices Paid By Farmers Index (as compiled by the National Agricultural Statistics Service of the Department of Agriculture) for the 12-month period ending on July 31 of the immediately preceding fiscal year; exceeds
(2) the average of such index (as so defined) for the 12-month period that immediately precedes the 12-month period described in paragraph (1).
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1926
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Federal law — U.S. Code and appendices · legal_authorities
Page 1063
TITLE 7—AGRICULTURE
§ 1926
amendment relates, see section 1101(b)(3) of Pub. L.
102–237, set out as a note under section 1421 of this title.
§ 1925. Limitations on amount of farm ownership
loans
(a) In general
The Secretary shall make or insure no loan
under sections 1922, 1923, 1924, 1934, and 1935 of
this title that would cause the unpaid indebted-
ness under such sections of any one borrower to
exceed the smaller of (1) the value of the farm or
other security, or (2) in the case of a loan other
than a loan guaranteed by the Secretary,
$600,000, or, in the case of a loan guaranteed by
the Secretary, $1,750,000 (increased, beginning
with fiscal year 2019, by the inflation percentage
applicable to the fiscal year in which the loan is
guaranteed and reduced by the amount of any
unpaid indebtedness of the borrower on loans
under subchapter II that are guaranteed by the
Secretary).
(b) Determination of value
In determining the value of the farm, the Sec-
retary shall consider appraisals made by com-
petent appraisers under rules established by the
Secretary.
(c) Inflation percentage
For purposes of this section, the inflation per-
centage applicable to a fiscal year is the per-
centage (if any) by which—
(1) the average of the Prices Paid By Farm-
ers Index (as compiled by the National Agri-
cultural Statistics Service of the Department
of Agriculture) for the 12-month period ending
on July 31 of the immediately preceding fiscal
year; exceeds
(2) the average of such index (as so defined)
for the 12-month period that immediately pre-
cedes the 12-month period described in para-
graph (1).
(Pub. L. 87–128, title III, § 305, Aug. 8, 1961, 75
Stat. 308; Pub. L. 91–620, § 1, Dec. 31, 1970, 84 Stat.
1862; Pub. L. 92–419, title I, § 103, A
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1926
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Federal law — U.S. Code and appendices · legal_authorities
Page 1089
TITLE 7—AGRICULTURE
§ 1932
‘‘(A) AUTHORITY.—The Secretary of Agriculture
shall determine, in accordance with subparagraph
(B), the price at which a note or other obligation
shall be offered for sale under this subsection.
‘‘(B) PRICE.—Such price shall be determined by
discounting the payment stream of such note or
other obligation at the yield on the then most re-
cent sale of the portfolio, adjusted for changes in
market interest rates, servicing and sales expenses,
and the maturity and interest rate of such note.
‘‘(3) PROHIBITIONS.—
‘‘(A) PURCHASE OF OBLIGATION NOT TIED TO PUR-
CHASE OF OTHER OBLIGATIONS.—The Secretary of Ag-
riculture shall not require the issuer of any unsold
note or other obligation to be offered for sale under
this subsection to purchase any other such note or
other obligation as a condition of the sale of any
such note or other obligation to the issuer.
‘‘(B) OFFER TO BE MADE WITHOUT REGARD TO FI-
NANCING.—The Secretary shall offer notes or other
obligations for sale to the issuers thereof under this
subsection without regard to the manner in which
such issuers intend to finance the purchase of such
notes or other obligations. However, the price of
sale to any issuer using tax exempt financing shall
be determined using a yield reflective of the Sched-
ule of Certified Interest Rates as published monthly
by the Secretary of the Treasury.
‘‘(g) APPLICABILITY OF PROHIBITION ON CURTAILMENT
OR LIMITATION OF SERVICE.—Section 306(b) of the Con-
solidated Farm and Rural Development Act (7 U.S.C.
1926(b)) shall be applicable to all notes or other obliga-
tions sold or intended to be sold under this section.
‘‘(h)(1) Notwithstanding the provisions of section 633
of the Rural Development, Agriculture, and Related
Agenci
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1932
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Federal law — U.S. Code and appendices · legal_authorities
Page 407
TITLE 7—AGRICULTURE
§ 452
Section was formerly classified to sections 67 and 564
of Title 5 prior to the general revision and enactment
of Title 5, Government Organization and Employees, by
Pub. L. 89–554, § 1, Sept. 6, 1966, 80 Stat. 378.
§ 450i. Transferred
Editorial Notes
CODIFICATION
Section 450i was editorially reclassified as section
3157 of this title.
§ 450j. Transferred
Editorial Notes
CODIFICATION
Section 450j was editorially reclassified as section
4551 of this title.
§ 450k. Transferred
Editorial Notes
CODIFICATION
Section 450k was editorially reclassified as section
4552 of this title.
§ 450l. Transferred
Editorial Notes
CODIFICATION
Section 450l was editorially reclassified as section
4553 of this title.
CHAPTER 18—COOPERATIVE MARKETING
Sec.
451.
‘‘Agricultural products’’ defined.
452.
Supervision of division of cooperative mar-
keting.
453.
Authority and duties of division.
454.
Advisers to counsel with Secretary of Agri-
culture; expenses and subsistence.
455.
Dissemination of crop, market, etc., informa-
tion by cooperative marketing associations.
456.
Rules and regulations; appointment, removal,
and compensation of employees; expendi-
tures; authorization of appropriations.
457.
Separability.
§ 451. ‘‘Agricultural products’’ defined
When used in this chapter the term ‘‘agricul-
tural
products’’
means
agricultural,
horti-
cultural, viticultural, and dairy products, live-
stock and the products thereof, the products of
poultry and bee raising, the edible products of
forestry, and any and all products raised or pro-
duced on farms and processed or manufactured
products thereof, transported or intended to be
transported in interstate and/or foreign com-
merce.
(July 2, 1926, ch. 725, § 1, 44 Stat. 802.
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 451
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Federal law — U.S. Code and appendices · legal_authorities
Page 1939
TITLE 7—AGRICULTURE
§ 6946
and activities of the Rural Development Mission
Area to respond to a disaster and were des-
ignated by the Congress as an emergency re-
quirement if, in advance of the transfer, the Sec-
retary determines that the unobligated amounts
are no longer needed to respond to the disaster
for which the amounts were originally appro-
priated and the Secretary provides a certifi-
cation of this determination to the Committees
on Appropriations of the House of Representa-
tives and the Senate.
(f) Transfer of other appropriations to Fund
Unless otherwise specifically provided in an
appropriations Act, the Secretary of Agriculture
may transfer to or within the Rural Develop-
ment Disaster Assistance Fund, and merge with
other amounts generally appropriated to the
Fund, the available unobligated balance of any
amounts that are appropriated for fiscal year
2009 or any subsequent fiscal year for programs
and activities of the Rural Development Mission
Area to respond to a disaster and are designated
by the Congress as an emergency requirement if,
in advance of the transfer, the Secretary deter-
mines that the unobligated amounts are no
longer needed to respond to the disaster for
which the amounts were originally appropriated
and the Secretary provides a certification of
this determination to the Committees on Appro-
priations of the House of Representatives and
the Senate. A transfer of unobligated amounts
with respect to a disaster may not be made
under this subsection until after the end of the
two-year period beginning on the date on which
the amounts were originally appropriated for
that disaster.
(g) Administrative expenses
In addition to any other funds available to the
Secretary of Agriculture to cover administr
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 6946
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