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7 U.S.C. § 1927 — Contracts with not-for-profit third parties
Federal law — U.S. Code and appendices · legal_authorities
On and after November 10, 2005, notwithstanding the provisions of the Consolidated Farm and Rural Development Act [[7 U.S.C. 1921](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1921&num=0&edition=prelim) et seq.] (including the associated regulations) governing the Community Facilities Program, the Secretary may allow all Community Facility Program facility borrowers and grantees to enter into contracts with not-for-profit third parties for services consistent with the requirements of the Program, grant, and/or loan: Provided, That the contracts protect the interests of the Government regarding cost, liability, maintenance, and administrative fees.
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Stable record: federal_law:legal_authorities:record_usc_96d5d5bade94e3cbadf51f88
Source file: Laws/federal/codes/united-states-code/title-7/section-1927-contracts-with-not-for-profit-third-parties--c951f51d04.md
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Source location: Title 7, Chapter 50, § 1927; chapter-050-agricultural-credit.md
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On and after November 10, 2005, notwithstanding the provisions of the Consolidated Farm and Rural Development Act [[7 U.S.C. 1921](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1921&num=0&edition=prelim) et seq.] (including the associated regulations) governing the Community Facilities Program, the Secretary may allow all Community Facility Program facility borrowers and grantees to enter into contracts with not-for-profit third parties for services consistent with the requirements of the Program, grant, and/or loan: Provided, That the contracts protect the interests of the Government regarding cost, liability, maintenance, and administrative fees.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section 2009ee, Pub. L. 107–171, title VI, § 6301, May 13, 2002, 116 Stat. 421, defined terms.
Section 2009ee–1, Pub. L. 107–171, title VI, § 6302, May 13, 2002, 116 Stat. 422, related to SEARCH grant program. See [section 1926 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1926&num=0&edition=prelim).
Section 2009ee–2, Pub. L. 107–171, title VI, § 6303, May 13, 2002, 116 Stat. 424, related to annual report on projects.
Section 2009ee–3, Pub. L. 107–171, title VI, § 6304, May 13, 2002, 116 Stat. 424, related to funding.
#### Codification
Pub. L. 110–234 and Pub. L. 110–246 repealed this subchapter. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.
#### Effective Date of Repeal
Repeal of this subchapter and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as an Effective Date note under [section 8701 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section8701&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1921
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment of Corporation** There is hereby established a Federal Deposit Insurance Corporation (hereinafter referred to as the “Corporation”) which shall insure, as hereinafter provided, the deposits of all banks and savings associations which are entitled to the benefits of insurance under this chapter, and which shall have the powers hereinafter granted.
**(b) Asset disposition division**
(1) **Establishment** — The Corporation shall have a separate division of asset disposition.
(2) **Management** — The division of asset disposition shall have an administrator who shall be appointed by the Board of Directors.
(3) **Responsibilities of division** — The division of asset disposition shall carry out all of the responsibilities of the Corporation under this chapter relating to the liquidation of insured depository institutions and the disposition of assets of such institutions.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1811
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Regulations** The appropriate Federal banking agencies shall prescribe uniform regulations effective June 1, 1997, which prohibit any out-of-State bank from using any authority to engage in interstate branching pursuant to this title,11 See References in Text note below. or any amendment made by this title 1 to any other provision of law, primarily for the purpose of deposit production.
**(b) Guidelines for meeting credit needs** Regulations issued under subsection (a) shall include guidelines to ensure that interstate branches operated by an out-of-State bank in a host State are reasonably helping to meet the credit needs of the communities which the branches serve.
**(c) Limitation on out-of-State loans**
(1) **Limitation** — Regulations issued under subsection (a) shall require that, beginning no earlier than 1 year after establishment or acquisition of an interstate branch or branches in a host State by an out-of-State bank, if the appropriate Federal banking agency for the out-of-State bank determines that the bank’s level of lending in the host State relative to the deposits from the host State (as reasonably determinable from available information including the agency’s sampling of the bank’s loan files during an examination or such data as is otherwise available) is less than half the average of total loans in the host State relative to total deposits from the host State (as determinable from relevant sources) for all banks the home State of which is such State—
(A) the appropriate Federal banking agency for the out-of-State bank shall review the loan portfolio of the bank and determine whether the bank is reasonably helping to meet the credit needs of the communities served by the bank in the host State; and
(B) if the agency determines that the
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1835a
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Revolving fund** The fund established pursuant to section 11(a) of the Bankhead-Jones Farm Tenant Act, as amended, shall hereafter be called the Agricultural Credit Insurance Fund and is hereinafter in this subchapter referred to as the “fund”. The fund shall remain available as a revolving fund for the discharge of the obligations of the Secretary under agreements insuring loans under this subchapter and loans and mortgages insured under prior authority.
**(b) Deposits of funds; investments; purchase of notes** Moneys in the fund not needed for current operations shall be deposited in the Treasury of the United States to the credit of the fund or invested in direct obligations of the United States or obligations guaranteed by the United States. The Secretary may purchase with money in the fund any notes issued by the Secretary to the Secretary of the Treasury for the purpose of obtaining money for the fund.
**(c) Notes; form and denominations; maturities; terms and conditions; interest rate; purchase by Treasury; public debt transaction** The Secretary is authorized to make and issue notes to the Secretary of the Treasury for the purpose of obtaining funds necessary for discharging obligations under this section and for authorized expenditures out of the fund. Such notes shall be in such form and denominations and have such maturities and be subject to such terms and conditions as may be prescribed by the Secretary with the approval of the Secretary of the Treasury. Such notes shall bear interest at a rate fixed by the Secretary of the Treasury, taking into consideration the current average market yield of outstanding marketable obligations of the United States having maturities comparable to the notes issued by the Secretary under this subchapter. The Secretar
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1929–1
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Determination of interest rates**
(1) The Secretary shall make all loans under this subchapter upon the full personal liability of the borrower and upon such security as the Secretary may prescribe. The interest rates on such loans, except for guaranteed loans and loans as provided in paragraphs (2) and (3),11 See References in Text note below. shall be as determined by the Secretary, but not in excess of the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans, plus an additional charge not to exceed 1 per centum as determined by the Secretary, which charge shall be deposited in the Rural Development Insurance Fund or the Agricultural Credit Insurance Fund, as appropriate, and adjusted to the nearest one-eighth of 1 per centum. The interest rate on any guaranteed loan made under this subchapter shall be such rate as may be agreed upon by the borrower and lender, but not in excess of a rate as may be determined by the Secretary.
(2) The interest rate on a microloan to a beginning farmer or rancher or veteran farmer or rancher (as defined in section 2279(e) 1 of this title), or any loan (other than a guaranteed loan) to a low income, limited resource borrower under this subchapter shall not be—
(A) greater than the sum of—
(i) an amount that does not exceed one-half of the current average market yield on outstanding marketable obligations of the United States with maturities of 5 years; and
(ii) an amount not exceeding 1 percent per year, as the Secretary determines is appropriate; or
(B) less than 5 percent per year.
**(b) Payment period; consolidation and rescheduling of loans** Loans made under this subchapter shall be payab
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1947, 1948
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Federal law — U.S. Code and appendices · legal_authorities
Page 1056
TITLE 7—AGRICULTURE
§ 1921
Sec.
2008u.
Health care services.
2008v.
Strategic economic and community develop-
ment.
2008w.
Rural Innovation Stronger Economy Grant
Program.
2008x.
Reporting.
SUBCHAPTER V—RURAL COMMUNITY
ADVANCEMENT PROGRAM
2009.
Definitions.
2009a.
Establishment.
2009b.
National objectives.
2009c.
Strategic plans.
2009d.
Rural Development Trust Fund.
2009e.
Transfers of funds.
2009f.
Grants to States.
2009g.
Guarantee and commitment to guarantee
loans.
2009h.
Local involvement.
2009i.
Interstate collaboration.
2009j.
Annual report.
2009k.
Rural
development
interagency
working
group.
2009l.
Duties of Rural Economic and Community
Development State Offices.
2009m.
Electronic transfer.
2009n.
Repealed.
SUBCHAPTER VI—DELTA REGIONAL AUTHORITY
2009aa.
Definitions.
2009aa–1. Delta Regional Authority.
2009aa–2. Economic
and
community
development
grants.
2009aa–3. Supplements to Federal grant programs.
2009aa–4. Local development districts; certification and
administrative expenses.
2009aa–5. Distressed counties and areas and nondis-
tressed counties.
2009aa–6. Development planning process.
2009aa–7. Program development criteria.
2009aa–8. Approval of development plans and projects.
2009aa–9. Consent of States.
2009aa–10. Records.
2009aa–11. Annual report.
2009aa–12. Authorization of appropriations.
2009aa–13. Repealed.
SUBCHAPTER VII—NORTHERN GREAT PLAINS
REGIONAL AUTHORITY
2009bb.
Definitions.
2009bb–1. Northern Great Plains Regional Authority.
2009bb–1a. Interstate cooperation for economic oppor-
tunity and efficiency.
2009bb–2. Economic
and
community
development
grants.
2009bb–3. Supplements to Federal grant programs.
2009bb–4. Multistate and local development districts
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1921
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Federal law — U.S. Code and appendices · legal_authorities
Page 1078
TITLE 7—AGRICULTURE
§ 1926f
(4) Ground well water contamination
In the event of ground well water contami-
nation, the Secretary shall allow a loan or
subgrant to be made with grant funds under
this section for the installation of water treat-
ment where needed beyond the point of entry,
with or without the installation of a new
water well system.
(c) Priority in awarding grants
In awarding grants under this section, the Sec-
retary shall give priority to an applicant that
has substantial expertise and experience in pro-
moting the safe and effective use of individually
owned household water well systems, individ-
ually owned household decentralized wastewater
systems, and ground water.
(d) Authorization of appropriations
There is authorized to be appropriated to
carry out this section $20,000,000 for each of fis-
cal years 2019 through 2023.
(Pub. L. 87–128, title III, § 306E, as added Pub. L.
107–171, title VI, § 6012(a), May 13, 2002, 116 Stat.
357; amended Pub. L. 110–234, title VI, § 6010, May
22, 2008, 122 Stat. 1163; Pub. L. 110–246, § 4(a), title
VI, § 6010, June 18, 2008, 122 Stat. 1664, 1925; Pub.
L. 113–79, title VI, § 6009, Feb. 7, 2014, 128 Stat.
843; Pub. L. 115–334, title VI, § 6409, Dec. 20, 2018,
132 Stat. 4761.)
Editorial Notes
CODIFICATION
Pub. L. 110–234 and Pub. L. 110–246 made identical
amendments to this section. The amendments by Pub.
L. 110–234 were repealed by section 4(a) of Pub. L.
110–246.
AMENDMENTS
2018—Pub. L. 115–334, § 6409(1), substituted ‘‘Rural de-
centralized water systems’’ for ‘‘Grants to nonprofit or-
ganizations to finance the construction, refurbishing,
and servicing of individually-owned household water
well systems in rural areas for individuals with low or
moderate incomes’’ in secti
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1927
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