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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

7 U.S.C. § 933 — Moneys in the Rural Electrification and Telephone Revolving Fund

Moneys in the fund shall remain on deposit in the Treasury of the United States until disbursed.

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Stable record: federal_law:legal_authorities:record_usc_9926a52ff290f4f045ea708e
Source file: Laws/federal/codes/united-states-code/title-7/section-933-moneys-in-the-rural-electrification-and-telephone-revolving-fund--ebbc0b9aa0.md
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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

7 U.S.C. § 930 — Congressional declaration of policy

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

7 U.S.C. § 933 — Moneys in the Rural Electrification and

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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