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7 U.S.C. § 933 — Moneys in the Rural Electrification and Telephone Revolving Fund
Federal law — U.S. Code and appendices · legal_authorities
Moneys in the fund shall remain on deposit in the Treasury of the United States until disbursed.
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Source location: Title 7, Chapter 31, § 933; chapter-031-rural-electrification-and-telephone-service.md
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Moneys in the fund shall remain on deposit in the Treasury of the United States until disbursed.
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Federal law — U.S. Code and appendices · legal_authorities
It is hereby declared to be the policy of the Congress that adequate funds should be made available to rural electric and telephone systems through direct, insured and guaranteed loans at interest rates which will allow them to achieve the objectives of the Rural Electrification Act of 1936, as amended [[7 U.S.C. 901](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section901&num=0&edition=prelim) et seq.], and that such rural electric and telephone systems should be encouraged and assisted to develop their resources and ability to achieve the financial strength needed to enable them to satisfy their credit needs from their own financial organizations and other sources at reasonable rates and terms consistent with the loan applicant’s ability to pay and achievement of the Act’s objectives.
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Federal law — U.S. Code and appendices · legal_authorities
Page 534
TITLE 7—AGRICULTURE
§ 933
(B) The Secretary shall account for the assets,
liabilities, income, expenses, and equity of the
fund attributable to telephone loan operations
in the telephone account.
(3)(A) The assets accounted for in the electric
account shall be available solely for electrifica-
tion loan operations under this chapter.
(B) The assets accounted for in the telephone
account shall be available solely for telephone
loan operations under this chapter (other than
under subchapter IV).
(May 20, 1936, ch. 432, title III, § 302, as added
Pub. L. 92–12, § 2, May 7, 1971, 85 Stat. 30; amend-
ed Pub. L. 93–32, § 2, May 11, 1973, 87 Stat. 66;
Pub. L. 101–624, title XXIII, § 2359, Nov. 28, 1990,
104 Stat. 4041; Pub. L. 103–354, title II, § 235(a)(13),
Oct. 13, 1994, 108 Stat. 3221; Pub. L. 104–127, title
VII, § 772(b)(2), Apr. 4, 1996, 110 Stat. 1149.)
Editorial Notes
REFERENCES IN TEXT
Section 905 of this title, referred to in subsecs. (a) and
(b)(1), was repealed by Pub. L. 104–127, title VII, § 774(a),
Apr. 4, 1996, 110 Stat. 1150.
AMENDMENTS
1996—Subsec. (b)(2). Pub. L. 104–127 struck out ‘‘pursu-
ant to section 903(a) of this title’’ after ‘‘purposes’’.
1994—Subsecs. (a), (b)(2), (4), (5), (c)(1), (2). Pub. L.
103–354 substituted ‘‘Secretary’’ for ‘‘Administrator’’
wherever appearing.
1990—Subsec. (c). Pub. L. 101–624 added subsec. (c).
1973—Pub. L. 93–32 substituted provisions setting out
the liabilities of the Rural Electrification and Tele-
phone Revolving Fund and the allowable purposes for
which fund assets shall be available, for provisions,
that the monies in the rural telephone account should
remain on deposit in the Treasury of the United States
until disbursed.
Statutory Notes and Related Subsidiaries
EFFECTIVE DA
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