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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”.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 901
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Stable record: federal_law:legal_authorities:record_usc_dd7bb2762700d18ab5005f0c
Source file: Laws/federal/codes/united-states-code/title-7/section-901-short-title--1c87d58b9e.md
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Passage SHA-256: 42451cc3084d3a955dcb8ea3829ac8d2bf364db3f7fcd2082fb8b0d980f9e49e
Source location: Title 7, Chapter 31, § 901; chapter-031-rural-electrification-and-telephone-service.md
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Federal law — U.S. Code and appendices · legal_authorities
The Secretary shall classify, by gender, records of applicants for loans and loan guarantees under this chapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 2008e
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Discounted prepayment by borrowers of electric loans** (1) **In general** — Except as provided in paragraph (2), a direct or insured loan made under this chapter shall not be sold or prepaid at a value that is less than the outstanding principal balance on the loan. (2) **Exception** — On request of the borrower, an electric loan made under this chapter, or a portion of such a loan, that was advanced before May 1, 1992, or has been advanced for not less than 2 years, shall be sold to or prepaid by the borrower at the lesser of— (A) the outstanding principal balance on the loan; or (B) the present value of the loan discounted from the face value at maturity at the rate established by the Secretary. (3) **Discount rate** — The discount rate applicable to the prepayment under this subsection of a loan or loan advance shall be the then current cost of funds to the Department of the Treasury for obligations of comparable maturity to the remaining term of the loan. (4) **Tax exempt financing** — If a borrower prepays a loan under this subsection using tax exempt financing, the discount shall be adjusted to ensure that the borrower receives a benefit that is equal to the benefit the borrower would receive if the borrower used fully taxable financing. The borrower shall certify in writing whether the financing will be tax exempt and shall comply with such other terms and conditions as the Secretary may establish that are reasonable and necessary to carry out this subsection. (5) **Eligibility** (A) *In general* — A borrower that has prepaid an insured or direct loan shall remain eligible for assistance under this chapter in the same manner as other borrowers, except that— (i) a borrower that has prepaid a loan, either before or after October 21, 1992, a
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 936b
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Federal law — U.S. Code and appendices · legal_authorities
There shall be at the seat of government a Department of Agriculture, the general design and duties of which shall be to acquire and to diffuse among the people of the United States useful information on subjects connected with agriculture, rural development, aquaculture, and human nutrition, in the most general and comprehensive sense of those terms, and to procure, propagate, and distribute among the people new and valuable seeds and plants.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 2201
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary is authorized to make insured loans under this subchapter and at the interest rates hereinafter provided to the full extent of the assets available in the fund, subject only to limitations as to amounts authorized for loans and advances as may be from time to time imposed by the Congress of the United States for loans to be made in any one year, which amounts shall remain available until expended: Provided, That the Congress in the annual appropriation Act may also authorize the transfer of any excess cash in the fund for deposit into the Treasury as miscellaneous receipts: And provided further, That any such loans and advances shall not be included in the totals of the budget of the United States Government and shall be exempt from any general limitation imposed by statute on expenditures and net lending (budget outlays) of the United States. **(b) Insured loans** Loans made under this section shall be insured by the Secretary when purchased by a lender. As used in this chapter, an insured loan is one which is made, held, and serviced by the Secretary, and sold and insured by the Secretary hereunder; such loans shall be sold and insured by the Secretary without undue delay. **(c) Insured electric loans** (1) **Hardship loans** (A) *In general* — The Secretary shall make insured electric loans, to the extent of qualifying applications for the loans, at an interest rate of 5 percent per year to any applicant for a loan who meets each of the following requirements: (i) The average revenue per kilowatt-hour sold by the applicant is not less than 120 percent of the average revenue per kilowatt-hour sold by all utilities in the State in which the applicant provides service. (ii) The average residential revenue per kilowatt-hou
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 935
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Any association of farmers, producers or harvesters of aquatic products, or any federation of such associations, which is operated on a cooperative basis, and has the powers for processing, preparing for market, handling, or marketing farm or aquatic products; or for purchasing, testing, grading, processing, distributing, or furnishing farm or aquatic supplies or furnishing farm or aquatic business services or services to eligible cooperatives and conforms to either of the two following requirements: (1) no member of the association is allowed more than one vote because of the amount of stock or membership capital he may own therein; or (2) does not pay dividends on stock or membership capital in excess of such per centum per annum as may be approved under regulations of the Farm Credit Administration; and in any case (3) does not deal in farm products or aquatic products, or products processed therefrom, farm or aquatic supplies, farm or aquatic business services, or services to eligible cooperatives with or for nonmembers in an amount greater in value than the total amount of such business transacted by it with or for members, excluding from the total of member and nonmember business transactions with the United States or any agency or instrumentality thereof or services or supplies furnished as a public utility; and (4) a percentage of the voting control of the association not less than 80 per centum (60 per centum (A) in the case of rural electric, telephone, public utility, and service cooperatives; (B) in the case of local farm supply cooperatives that have historically served needs of the community that would not adequately be served by other suppliers and have experienced a reduction in the percentage of farmer membership due to changed circumstances
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2131
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Federal law — U.S. Code and appendices · legal_authorities
For purposes of this subchapter: (1) **Agricultural real estate** — The term “agricultural real estate” means— (A) a parcel or parcels of land, or a building or structure affixed to the parcel or parcels, that— (i) is used for the production of one or more agricultural commodities or products; and (ii) consists of a minimum acreage or is used in producing minimum annual receipts, as determined by the Corporation; or (B) a principal residence that is a single family, moderate-priced residential dwelling located in a rural area, excluding— (i) any community having a population in excess of 2,500 inhabitants; and (ii) any dwelling, excluding the land to which the dwelling is affixed, with a value exceeding $100,000 (as adjusted for inflation). (2) **Board** — The term “Board” means the board of directors established under [section 2279aa–2 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2279aa-2&num=0&edition=prelim). (3) **Certified facility** — The term “certified facility” means— (A) an agricultural mortgage marketing facility that is certified under [section 2279aa–5 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2279aa-5&num=0&edition=prelim); or (B) the Corporation and any affiliate thereof. (4) **Corporation** — The term “Corporation” means the Federal Agricultural Mortgage Corporation established in [section 2279aa–1 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2279aa-1&num=0&edition=prelim). (5) **Guarantee** — The term “guarantee” means the guarantee of timely payment of the principal and interest on securities representing interests in, or obligations backed by, pools of qualified loans, in acco
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2279aa–3
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** In connection with any project undertaken pursuant to this subchapter, provisions, including contracts of sale, may be made for furnishing municipal or miscellaneous water supplies, or for developing and furnishing power in addition to the power requirements of irrigation: Provided, That expenditures from appropriations made directly pursuant to the authority contained in [section 590z–10(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section590z–10/1&num=0&edition=prelim) to meet costs allocated to municipal or miscellaneous water supplies or surplus power shall not exceed $500,000 for any one project: Provided further, That no contract relating to a water supply for municipal or miscellaneous purposes or to electric power shall be made unless, in the judgment of the Secretary, it will not impair the efficiency of the project for irrigation purposes. On any project where such provisions are made, the Secretary shall allocate to municipal or miscellaneous water purposes or to surplus power the part of the estimated construction costs of the project which he deems properly so allocable; and such allocations shall not be included in the reimbursable construction costs covered by the repayment contract or contracts required under [section 590z–2 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section590z-2&num=0&edition=prelim). All right, title, and interest in the facilities provided for such municipal or miscellaneous water supplies or surplus power and the revenues derived therefrom shall be and remain in the United States. Contracts for such municipal or miscellaneous water supplies or for such surplus power shall be at such rates as, in the Secretary’s judgment, will produc
Source: Supplied U.S. Code snapshot — release unconfirmed · 16 U.S.C. § 590z–7
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Federal regulation of transmission and sale of electric energy** It is declared that the business of transmitting and selling electric energy for ultimate distribution to the public is affected with a public interest, and that Federal regulation of matters relating to generation to the extent provided in this subchapter and subchapter III of this chapter and of that part of such business which consists of the transmission of electric energy in interstate commerce and the sale of such energy at wholesale in interstate commerce is necessary in the public interest, such Federal regulation, however, to extend only to those matters which are not subject to regulation by the States. **(b) Use or sale of electric energy in interstate commerce** (1) The provisions of this subchapter shall apply to the transmission of electric energy in interstate commerce and to the sale of electric energy at wholesale in interstate commerce, but except as provided in paragraph (2) shall not apply to any other sale of electric energy or deprive a State or State commission of its lawful authority now exercised over the exportation of hydroelectric energy which is transmitted across a State line. The Commission shall have jurisdiction over all facilities for such transmission or sale of electric energy, but shall not have jurisdiction, except as specifically provided in this subchapter and subchapter III of this chapter, over facilities used for the generation of electric energy or over facilities used in local distribution or only for the transmission of electric energy in intrastate commerce, or over facilities for the transmission of electric energy consumed wholly by the transmitter. (2) Notwithstanding subsection (f), the provisions of sections 824b(a)(2), 824e(e), 824i, 824j, 824j–
Source: Supplied U.S. Code snapshot — release unconfirmed · 16 U.S.C. § 824
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Rates, charges, terms, and conditions for wholesale transmission services** An order under [section 824j of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section824j&num=0&edition=prelim) shall require the transmitting utility subject to the order to provide wholesale transmission services at rates, charges, terms, and conditions which permit the recovery by such utility of all the costs incurred in connection with the transmission services and necessary associated services, including, but not limited to, an appropriate share, if any, of legitimate, verifiable and economic costs, including taking into account any benefits to the transmission system of providing the transmission service, and the costs of any enlargement of transmission facilities. Such rates, charges, terms, and conditions shall promote the economically efficient transmission and generation of electricity and shall be just and reasonable, and not unduly discriminatory or preferential. Rates, charges, terms, and conditions for transmission services provided pursuant to an order under [section 824j of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section824j&num=0&edition=prelim) shall ensure that, to the extent practicable, costs incurred in providing the wholesale transmission services, and properly allocable to the provision of such services, are recovered from the applicant for such order and not from a transmitting utility’s existing wholesale, retail, and transmission customers. **(b) Repealed. Pub. L. 102–486, title VII, § 722(1), Oct. 24, 1992, 106 Stat. 2916** **(c) Issuance of proposed order; agreement by parties to terms and conditions of order; approval by Commission; inclusion in final order; failure to agree** (1)
Source: Supplied U.S. Code snapshot — release unconfirmed · 16 U.S.C. § 824k
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General rule** For purposes of section 38, the advanced nuclear power facility production credit of any taxpayer for any taxable year is equal to the product of— (1) 1.8 cents, multiplied by (2) the kilowatt hours of electricity— (A) produced by the taxpayer at an advanced nuclear power facility during the 8-year period beginning on the date the facility was originally placed in service, and (B) sold by the taxpayer to an unrelated person during the taxable year. **(b) National limitation** (1) **In general** — The amount of credit which would (but for this subsection and subsection (c)) be allowed with respect to any facility for any taxable year shall not exceed the amount which bears the same ratio to such amount of credit as— (A) the national megawatt capacity limitation allocated to the facility, bears to (B) the total megawatt nameplate capacity of such facility. (2) **Amount of national limitation** — The aggregate amount of national megawatt capacity limitation allocated by the Secretary under paragraph (3) shall not exceed 6,000 megawatts. (3) **Allocation of limitation** — The Secretary shall allocate the national megawatt capacity limitation in such manner as the Secretary may prescribe. (4) **Regulations** — Not later than 6 months after the date of the enactment of or any amendment to this section, the Secretary shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of this subsection. Such regulations shall provide a certification process under which the Secretary, after consultation with the Secretary of Energy, shall approve and allocate the national megawatt capacity limitation. (5) **Allocation of unutilized limitation** (A) *In general* — Any unutilized national megawatt capacity limi
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 45J
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