7 U.S.C. 901It 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 [ 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.
Pub. L. 93–32, § 187 Stat. 65 (, , .)
Editorial Notes
References in Text
act May 20, 1936, ch. 432 49 Stat. 1363 section 901 of this titleThe Rural Electrification Act of 1936 and the Act, referred to in text, are , , which is classified generally to this chapter. For complete classification of this Act to the Code, see and Tables.
Codification
section 1 of Pub. L. 93–32section 1 of Pub. L. 93–32
Section was not enacted as part of the Rural Electrification Act of 1936 which comprises this chapter.
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 93–32, § 1287 Stat. 71
Pub. L. 93–32Reservation of Right To Repeal, Alter, or Amend
Pub. L. 93–32, § 1187 Stat. 71