dreamproit/uscode huggingface dataset:
7 U.S.C. § 937 (AGRICULTURE)
§ 937. Loans from other credit sources
When it appears to the Secretary that the loan applicant is able to obtain a loan for part of his credit needs from a responsible cooperative or other credit source at reasonable rates and terms consistent with the loan applicant’s ability to pay and the achievement of this chapter’s objectives, he may request the loan applicant to apply for and accept such a loan concurrently with an insured loan, subject, however, to full use being made by the Secretary of the funds made available hereunder for such insured loans under this subchapter. The Secretary may not request any applicant for an electric loan under this chapter to apply for and accept a loan in an amount exceeding 30 percent of the credit needs of the applicant.
(May 20, 1936, ch. 432, title III, § 307, as added Pub. L. 93–32, § 2, May 11, 1973, 87 Stat. 70; amended Pub. L. 97–35, title I, § 165(c), Aug. 13, 1981, 95 Stat. 379; Pub. L. 103–129, § 2(c)(8), Nov. 1, 1993, 107 Stat. 1365; Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)
heading: Editorial Notes
heading: Amendments
text: 1994—Pub. L. 103–354 substituted “Secretary” for “Administrator” wherever appearing.
1993—Pub. L. 103–129 inserted at end “The Administrator may not request any applicant for an electric loan under this chapter to apply for and accept a loan in an amount exceeding 30 percent of the credit needs of the applicant.”
1981—Pub. L. 97–35 substituted “an insured loan” for “a loan insured at the standard rate”.
heading: Statutory Notes and Related Subsidiaries
heading: Effective Date
text: Section effective May 11, 1973, see section 12 of Pub. L. 93–32, set out as a note under section 930 of this title.
7 U.S.C. § 938 (AGRICULTURE)
§ 938. Full faith and credit of the United States
Any contract of insurance or guarantee executed by the Secretary under this subchapter shall be an obligation supported by the full faith and credit of the United States and incontestable except for fraud or misrepresentation of which the holder had actual knowledge at the time it became a holder.
(May 20, 1936, ch. 432, title III, § 308, as added Pub. L. 93–32, § 2, May 11, 1973, 87 Stat. 70; amended Pub. L. 94–124, § 2, Nov. 4, 1975, 89 Stat. 677; Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)
heading: Editorial Notes
heading: Amendments
text: 1994—Pub. L. 103–354 substituted “Secretary” for “Administrator”.
1975—Pub. L. 94–124 substituted “of which the holder had actual knowledge at the time it became a holder” for “of which the holder has actual knowledge”.
heading: Statutory Notes and Related Subsidiaries
heading: Effective Date
text: Section effective May 11, 1973, see section 12 of Pub. L. 93–32, set out as a note under section 930 of this title.
7 U.S.C. § 939 (AGRICULTURE)
§ 939. Loan terms and conditions
Loans made from or insured through the fund shall be for the same purposes and on the same terms and conditions as are provided for loans in subchapters I and II of this chapter except as otherwise provided in sections 933 to 938 inclusive.
(May 20, 1936, ch. 432, title III, § 309, as added Pub. L. 93–32, § 2, May 11, 1973, 87 Stat. 70; amended Pub. L. 101–624, title XXIII, § 2360, Nov. 28, 1990, 104 Stat. 4042; Pub. L. 103–129, § 2(b)(2), Nov. 1, 1993, 107 Stat. 1363; Pub. L. 104–127, title VII, § 779, Apr. 4, 1996, 110 Stat. 1151; Pub. L. 115–334, title VI, § 6602(b)(11), Dec. 20, 2018, 132 Stat. 4777.)
heading: Editorial Notes
heading: Amendments
text: 2018—Pub. L. 115–334 struck out at end “The preceding sentence shall not be construed to make section 948(b)(2) or 950b of this title applicable to this subchapter.”
1996—Pub. L. 104–127 struck out subsec. (a) designation and heading “In general” and heading and text of subsec. (b). Prior to amendment, text read as follows: “The term of any telephone loan made under this subchapter shall be determined by the borrower at the time the loan application is submitted.”
1993—Subsec. (a). Pub. L. 103–129 inserted at end “The preceding sentence shall not be construed to make section 948(b)(2) or 950b of this title applicable to this subchapter.”
1990—Pub. L. 101–624 designated existing provisions as subsec. (a) and added subsec. (b).
heading: Statutory Notes and Related Subsidiaries
heading: Effective Date
text: Section effective May 11, 1973, see section 12 of Pub. L. 93–32, set out as a note under section 930 of this title.
7 U.S.C. § 940 (AGRICULTURE)
§ 940. Refinancing of rural development loans
At the request of the borrower, the Secretary is authorized and directed to refinance with loans which will be insured under this chapter at the interest rates provided in section 935 of this title any loans made for rural electric and telephone facilities under any provision of the Consolidated Farm and Rural Development Act [7 U.S.C. 1921 et seq.].
(May 20, 1936, ch. 432, title III, § 310, as added Pub. L. 93–32, § 2, May 11, 1973, 87 Stat. 70; amended Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)
heading: Editorial Notes
heading: References in Text
text: The Consolidated Farm and Rural Development Act, referred to in text, is title III of Pub. L. 87–128, Aug. 8, 1961, 75 Stat. 307, as amended, which is classified principally to chapter 50 (§ 1921 et seq.) of this title. For complete classification of the Act to the Code, see Short Title note set out under section 1921 of this title and Tables.
heading: Amendments
text: 1994—Pub. L. 103–354 substituted “Secretary” for “Administrator”.
heading: Statutory Notes and Related Subsidiaries
heading: Effective Date
text: Section effective May 11, 1973, see section 12 of Pub. L. 93–32, set out as a note under section 930 of this title.
7 U.S.C. § 940b (AGRICULTURE)
§ 940b. Use of funds
A borrower of an insured or guaranteed electric loan under this chapter may, without restriction or prior approval of the Secretary, invest its own funds or make loans or guarantees, not in excess of 15 percent of its total utility plant.
(May 20, 1936, ch. 432, title III, § 312, as added Pub. L. 100–203, title I, § 1402, Dec. 22, 1987, 101 Stat. 1330–21; amended Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)
heading: Editorial Notes
heading: Amendments
text: 1994—Pub. L. 103–354 substituted “Secretary” for “Administrator”.
7 U.S.C. § 940c–2 (AGRICULTURE)
§ 940c–2. Rural development loans and grants
(a) In general
The Secretary shall provide grants or zero interest loans to borrowers under this chapter for the purpose of promoting rural economic development and job creation projects, including funding for project feasibility studies, start-up costs, incubator projects, and other reasonable expenses for the purpose of fostering rural development.
(b) Repayments
In the case of zero interest loans, the Secretary shall establish such reasonable repayment terms as will encourage borrower participation.
(c) Proceeds
All proceeds from the repayment of such loans made under this section shall be returned to the subaccount that the Secretary shall maintain in accordance with sections 940c(b)(2) and 940c–2(f) of this title.
(d) Number of grants
Loans and grants required under this section shall be made to the full extent of the amounts made available under subsection (e).
(e) Funding
(1) Discretionary funding
In addition to other funds that are available to carry out this section, there is authorized to be appropriated not more than $10,000,000 for each of fiscal years 2019 through 2023 to carry out this section, to remain available until expended.
(2) Mandatory funding
Of the funds of the Commodity Credit Corporation, the Secretary shall credit to the subaccount to use for the cost of grants and loans under this section $5,000,000 for each of fiscal years 2022 and 2023, to remain available until expended.
(3) Other funds
In addition to the funds described in paragraphs (1) and (2), the Secretary shall use, without fiscal year limitation, to provide grants and loans under this section—
(A) the interest differential sums credited to the subaccount described in subsection (c); and
(B) subject to section 940c–1(e)(2) of this title, the fees described in subsection (c)(4) of such section.
(f) Maintenance of account
The Secretary shall maintain the subaccount described in section 940c(b)(2) of this title, as in effect in fiscal year 2017, for purposes of carrying out this section.
(May 20, 1936, ch. 432, title III, § 313B, as added Pub. L. 115–334, title VI, § 6504(c), Dec. 20, 2018, 132 Stat. 4773.)
heading: Statutory Notes and Related Subsidiaries
heading: Implementation of Loan and Grant Program
text: Pub. L. 115–334, title VI, § 6504(e), Dec. 20, 2018, 132 Stat. 4774, provided that:
“(1) Subject to section 313B(e) of the Rural Electrification Act of 1936 (as added by this section) [7 U.S.C. 940c–2(e)], the Secretary of Agriculture shall carry out the loan and grant program required under such section in the same manner as the loan and grant program under section 313(b)(2) of such Act [7 U.S.C. 940c(b)(2)] is carried out on the day before the date of the enactment of this Act [Dec. 20, 2018], until such time as any regulations necessary to carry out the amendments made by this section [enacting this section and amending sections 912, 940c, and 940c–1 of this title] are fully implemented.
“(2) Paragraph (1) shall take effect on the date of the enactment of this Act.”
7 U.S.C. § 940e (AGRICULTURE)
§ 940e. Expansion of 911 access
(a) In general
Subject to subsection (c) and such terms and conditions as the Secretary may prescribe, the Secretary may make loans under this subchapter to entities eligible to borrow from the Rural Utilities Service, State or local governments, Indian tribes (as defined in section 5304 of title 25), or other public entities for facilities and equipment to expand or improve in rural areas—
(1) 911 access;
(2) integrated interoperable emergency communications, including multiuse networks that provide critical transportation-related information services in addition to emergency communications services;
(3) homeland security communications;
(4) transportation safety communications; or
(5) location technologies used outside an urbanized area.
(b) Loan security
Government-imposed fees related to emergency communications (including State or local 911 fees) may be considered to be security for a loan under this section.
(c) Emergency communications equipment providers
The Secretary may make a loan under this section to an emergency communication equipment provider to expand or improve 911 access or other communications or technologies described in subsection (a) if the local government that has jurisdiction over the project is not allowed to acquire the debt resulting from the loan.
(d) Authorization of appropriations
The Secretary shall use to make loans under this section any funds otherwise made available for telephone loans for each of fiscal years 2008 through 2023.
(May 20, 1936, ch. 432, title III, § 315, as added Pub. L. 107–171, title VI, § 6102, May 13, 2002, 116 Stat. 415; amended Pub. L. 110–234, title VI, § 6107, May 22, 2008, 122 Stat. 1198; Pub. L. 110–246, § 4(a), title VI, § 6107, June 18, 2008, 122 Stat. 1664, 1959; Pub. L. 113–79, title VI, § 6103, Feb. 7, 2014, 128 Stat. 851; Pub. L. 115–334, title VI, § 6506, Dec. 20, 2018, 132 Stat. 4775.)
heading: Editorial Notes
heading: Codification
text: 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.
heading: Amendments
text: 2018—Subsec. (a)(2). Pub. L. 115–334, § 6506(1), substituted “critical transportation-related” for “commercial or transportation”.
Subsec. (d). Pub. L. 115–334, § 6506(2), substituted “2023” for “2018”.
2014—Subsec. (d). Pub. L. 113–79 substituted “2018” for “2012”.
2008—Pub. L. 110–246, § 6107, amended section generally, substituting provisions relating to expansion of access, loan security, emergency communications equipment providers, and authorization of appropriations, consisting of subsecs. (a) to (d), for provisions relating to expansion of access and authorization of appropriations, consisting of subsecs. (a) and (b).
heading: Statutory Notes and Related Subsidiaries
heading: Effective Date of 2008 Amendment
text: Amendment of this section 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.
7 U.S.C. § 940g (AGRICULTURE)
§ 940g. Electric loans for renewable energy
(a) Definition of renewable energy source
In this section, the term “renewable energy source” means an energy conversion system fueled from a solar, wind, hydropower, biomass, or geothermal source of energy.
(b) Loans
In addition to any other funds or authorities otherwise made available under this chapter, the Secretary may make electric loans under this subchapter for electric generation from renewable energy resources for resale to rural and nonrural residents.
(c) Rate
The rate of a loan under this section shall be equal to the average tax-exempt municipal bond rate of similar maturities.
(May 20, 1936, ch. 432, title III, § 317, as added Pub. L. 110–234, title VI, § 6108, May 22, 2008, 122 Stat. 1198, and Pub. L. 110–246, § 4(a), title VI, § 6108, June 18, 2008, 122 Stat. 1664, 1959.)
heading: Editorial Notes
heading: Codification
text: Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.
heading: Statutory Notes and Related Subsidiaries
heading: Effective Date
text: Enactment of this section 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 a note under section 8701 of this title.
7 U.S.C. § 940h (AGRICULTURE)
§ 940h. Bonding requirements
The Secretary shall review the bonding requirements for all programs administered by the Rural Utilities Service under this chapter to ensure that bonds are not required if—
(1) the interests of the Secretary are adequately protected by product warranties; or
(2) the costs or conditions associated with a bond exceed the benefit of the bond.
(May 20, 1936, ch. 432, title III, § 318, as added Pub. L. 110–234, title VI, § 6109, May 22, 2008, 122 Stat. 1198, and Pub. L. 110–246, § 4(a), title VI, § 6109, June 18, 2008, 122 Stat. 1664, 1960.)
heading: Editorial Notes
heading: Codification
text: Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.
heading: Statutory Notes and Related Subsidiaries
heading: Effective Date
text: Enactment of this section 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 a note under section 8701 of this title.
7 U.S.C. § 950aa (AGRICULTURE)
§ 950aa. Additional powers and duties
The Secretary shall—
(1) provide advice and guidance to electric borrowers under this chapter concerning the effective and prudent use by such borrowers of the investment authority under section 940b of this title to promote rural development;
(2) provide technical advice, troubleshooting, and guidance concerning the operation of programs or systems that receive assistance under this chapter;
(3) establish and administer various pilot projects through electric and telephone borrowers that the Secretary determines are useful or necessary, and recommend specific rural development projects for rural areas;
(4) act as an information clearinghouse and conduit to provide information to electric and telephone borrowers under this chapter concerning useful and effective rural development efforts that such borrowers may wish to apply in their areas of operation and concerning State, regional, or local plans for long-term rural economic development;
(5) provide information to electric and telephone borrowers under this chapter concerning the eligibility of such borrowers to apply for financial assistance, loans, or grants from other Federal agencies and non-Federal sources to enable such borrowers to expand their rural development efforts; and
(6) promote local partnerships and other coordination between borrowers under this chapter and community organizations, States, counties, or other entities, to improve rural development.
(May 20, 1936, ch. 432, title V, § 501, as added Pub. L. 101–624, title XXIII, § 2345, Nov. 28, 1990, 104 Stat. 4029; amended Pub. L. 102–237, title VII, § 703(c), Dec. 13, 1991, 105 Stat. 1881; Pub. L. 103–354, title II, § 235(a)(12), (13), Oct. 13, 1994, 108 Stat. 3221; Pub. L. 104–127, title VII, § 781(b), Apr. 4, 1996, 110 Stat. 1151.)
heading: Editorial Notes
heading: Amendments
text: 1996—Par. (7). Pub. L. 104–127 struck out par. (7) which read as follows: “administer a Rural Business Incubator Fund (as established under section 950aa–1 of this title) that shall provide technical assistance, advice, loans, or capital to business incubator programs or for the creation or operation of small business incubators in rural areas.”
1994—Pub. L. 103–354 struck out “of REA Administrator” at end of section catchline and substituted “Secretary” for “Administrator” in introductory provisions and par. (3).
1991—Pars. (6) to (8). Pub. L. 102–237 inserted “and” at end of par. (6), redesignated par. (8) as (7), and struck out former par. (7) which read as follows: “review the advice and recommendations of the Rural Educational Opportunities Board as established under section 601(f); and”.
heading: Statutory Notes and Related Subsidiaries
heading: Effective Date of 1991 Amendment
text: Amendment by Pub. L. 102–237 effective as if included in the provision of the Food, Agriculture, Conservation, and Trade Act of 1990, Pub. L. 101–624, to which the amendment relates, see section 1101(b)(8) of Pub. L. 102–237, set out as a note under section 1421 of this title.
7 U.S.C. § 950bb–2 (AGRICULTURE)
§ 950bb–2. Innovative Broadband Advancement Program
(a) In general
The Secretary shall establish a program to be known as the “Innovative Broadband Advancement Program”, under which the Secretary may provide a grant, a loan, or both to an eligible entity for the purpose of demonstrating innovative broadband technologies or methods of broadband deployment that significantly decrease the cost of broadband deployment, and provide substantially faster broadband speeds than are available, in a rural area.
(b) Rural area
In this section, the term “rural area” has the meaning provided in section 950bb(b)(3) of this title.
(c) Eligibility
To be eligible to obtain assistance under this section for a project, an entity shall—
(1) submit to the Secretary an application—
(A) that describes a project designed to decrease the cost of broadband deployment, and substantially increase broadband speed to not less than the maximum 1 broadband buildout requirements established under section 950bb(e)(4) of this title, in a rural area to be served by the project; and
(B) at such time, in such manner, and containing such other information as the Secretary may require;
(2) demonstrate that the entity is able to carry out the project; and
(3) agree to complete the project build-out within 5 years after the date the assistance is first provided for the project.
(d) Prioritization
In awarding assistance under this section, the Secretary shall give priority to proposals for projects that—
(1) involve partnerships between or among multiple entities;
(2) would provide broadband service to the greatest number of rural entities at or above the broadband requirements referred to in subsection (c)(1)(A); and
(3) the Secretary determines could be replicated in rural areas described in paragraph (2).
(e) Authorization of appropriations
There is authorized to be appropriated to carry out this section $10,000,000 for each of fiscal years 2019 through 2023.
(May 20, 1936, ch. 432, title VI, § 603, as added Pub. L. 113–79, title VI, § 6105, Feb. 7, 2014, 128 Stat. 856; amended Pub. L. 115–334, title VI, § 6203, Dec. 20, 2018, 132 Stat. 4736.)
heading: Editorial Notes
heading: Amendments
text: 2018—Pub. L. 115–334, § 6203(1), substituted “Innovative Broadband Advancement” for “Rural Gigabit Network Pilot” in section catchline.
Subsecs. (a) to (d). Pub. L. 115–334, § 6203(4), added subsecs. (a) to (d) and struck out former subsecs. (a) to (c) which defined “ultra-high speed service”, established the Rural Gigabit Network Pilot Program, and set out eligibility requirements for participation in Program, respectively. Former subsec. (d) redesignated (e).
Subsec. (e). Pub. L. 115–334, § 6203(2), (3), redesignated subsec. (d) as (e) and substituted “2019 through 2023” for “2014 through 2018”.
7 U.S.C. § 950bb–4 (AGRICULTURE)
§ 950bb–4. Outdated broadband systems
(a) In general
Except as provided in subsection (b), the Secretary shall consider any portion of a service territory that is subject to an outstanding grant agreement between the Secretary and a broadband provider to be unserved for the purposes of all broadband assistance programs under this chapter, if the broadband service in that portion of a service territory is less than 10 Mbps downstream transmission capacity or less than 1 Mbps upstream transmission capacity.
(b) Exception
The Secretary shall not consider a portion of a service territory described in subsection (a) to be unserved if the broadband service provider has constructed or begun to construct broadband facilities that meet the minimum acceptable level of service established under section 950bb(e) of this title, in that portion of the service territory.
(May 20, 1936, ch. 432, title VI, § 605, as added Pub. L. 115–334, title VI, § 6205(a), Dec. 20, 2018, 132 Stat. 4739.)
heading: Statutory Notes and Related Subsidiaries
heading: Effective Date
text: Pub. L. 115–334, title VI, § 6205(b), Dec. 20, 2018, 132 Stat. 4739, provided that: “The amendment made by this section [enacting this section] shall not take effect until October 1, 2020.”
7 U.S.C. § 950aaa (AGRICULTURE)
§ 950aaa. Purpose
The purpose of this chapter is to encourage and improve telemedicine services and distance learning services in rural areas through the use of telecommunications, computer networks, and related advanced technologies by students, teachers, medical professionals, and rural residents.
(Pub. L. 101–624, title XXIII, § 2331, as added Pub. L. 104–127, title VII, § 704, Apr. 4, 1996, 110 Stat. 1108.)
heading: Termination of Section
text: For termination of section by section 1(b) of Pub. L. 102–551, see Termination of Chapter note set out below.
heading: Editorial Notes
heading: Prior Provisions
text: A prior section 950aaa, Pub. L. 101–624, title XXIII, § 2331, Nov. 28, 1990, 104 Stat. 4017, provided purposes of chapter, prior to the general amendment of this chapter by Pub. L. 104–127.
heading: Statutory Notes and Related Subsidiaries
heading: Termination of Chapter
text: Pub. L. 102–551, § 1(b), Oct. 28, 1992, 106 Stat. 4100, as amended by Pub. L. 107–171, title VI, § 6203(b), May 13, 2002, 116 Stat. 421; Pub. L. 110–234, title VI, § 6201(c), May 22, 2008, 122 Stat. 1206, and Pub. L. 110–246, § 4(a), title VI, § 6201(c), June 18, 2008, 122 Stat. 1664, 1967; Pub. L. 113–79, title VI, § 6201(b), Feb. 7, 2014, 128 Stat. 856; Pub. L. 115–334, title VI, § 6102(b), Dec. 20, 2018, 132 Stat. 4728, provided that: “Notwithstanding any other provision of law, chapter 1 of subtitle D of title XXIII of the Food, Agriculture, Conservation and Trade Act of 1990 (7 U.S.C. 950aaa et seq.), including the amendments made by this section [enacting section 950aaa–5 of this title and amending section 950aaa–4 of this title], shall be effective until September 30, 2023.”