The Secretary may not, as a condition of making a telephone loan to an applicant therefor, require the applicant to—
increase the rates charged to the applicant’s customers or subscribers; or
increase the applicant’s ratio of—
net income or margins before interest; to
the interest requirements on all of the applicant’s outstanding and proposed loans.
May 20, 1936, ch. 432 Pub. L. 101–624, title XXIII, § 2355104 Stat. 4039 Pub. L. 103–354, title II, § 235(a)(13)108 Stat. 3221 Pub. L. 115–334, title VI, § 6602(b)(2)132 Stat. 4776 (, title II, § 204, as added , , ; amended , , ; , , .)
Editorial Notes
Amendments
Pub. L. 115–3342018— struck out “and the Governor of the telephone bank” after “The Secretary” in introductory provisions.
Pub. L. 103–3541994— substituted “Secretary” for “Administrator”.