Public Law 119-83 (04/13/2026)

7 U.S.C. § 940

Refinancing of rural development loans

section 935 of this title7 U.S.C. 1921At 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 any loans made for rural electric and telephone facilities under any provision of the Consolidated Farm and Rural Development Act [ et seq.].

May 20, 1936, ch. 432 Pub. L. 93–32, § 287 Stat. 70 Pub. L. 103–354, title II, § 235(a)(13)108 Stat. 3221 (, title III, § 310, as added , , ; amended , , .)

Editorial Notes

References in Text

Pub. L. 87–12875 Stat. 307 section 1921 of this titleThe Consolidated Farm and Rural Development Act, referred to in text, is title III of , , , 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 and Tables.

Amendments

Pub. L. 103–3541994— substituted “Secretary” for “Administrator”.

Statutory Notes and Related Subsidiaries

Effective Date

section 12 of Pub. L. 93–32section 930 of this titleSection effective , see , set out as a note under .