7 U.S.C. § 941 to 950b

act May 20, 1936, ch. 432, title IV, § 401 Pub. L. 92–12, § 2May 7, 197185 Stat. 30 Section 941, , as added , , , established the Rural Telephone Bank and set out its status and purpose.

act May 20, 1936, ch. 432, title IV, § 402 Pub. L. 92–12, § 2May 7, 197185 Stat. 30 Section 942, , as added , , , set out the general powers of the telephone bank.

act May 20, 1936, ch. 432, title IV, § 403 Pub. L. 92–12, § 2May 7, 197185 Stat. 31 Pub. L. 103–354, title II, § 235(a)(9)Oct. 13, 1994108 Stat. 3221 Section 943, , as added , , ; amended , , , related to special provisions governing telephone bank as a Federal agency until conversion of ownership, control, and operation.

act May 20, 1936, ch. 432, title IV, § 404 Pub. L. 92–12, § 2May 7, 197185 Stat. 31 Pub. L. 103–354, title II, § 235(a)(10)Oct. 13, 1994108 Stat. 3221 Section 944, , as added , , ; amended , , , required the the Secretary to designate an official of the Department of Agriculture to serve as the chief executive officer or governor of the telephone bank, who would perform all functions, powers, and duties of the telephone bank, except as otherwise provided.

Pub. L. 100–203, title I, § 1414Dec. 22, 1987101 Stat. 1330–27 Section 944a, , , , provided for publication of rural telephone bank policies and regulations.

act May 20, 1936, ch. 432, title IV, § 405 Pub. L. 92–12, § 2May 7, 197185 Stat. 32 Pub. L. 93–32, § 4May 11, 197387 Stat. 70 Pub. L. 101–624, title XXIII, § 2363(a)Nov. 28, 1990104 Stat. 4042–4044 Pub. L. 103–354, title II, § 235(a)(7)Oct. 13, 1994108 Stat. 3221 Section 945, , as added , , ; amended , , ; , (b)(1), (c), , ; , , , created a board of directors for the telephone bank and set out its membership requirements.

act May 20, 1936, ch. 432, title IV, § 406 Pub. L. 92–12, § 2May 7, 197185 Stat. 33 Pub. L. 93–32, § 5May 11, 197387 Stat. 70 Pub. L. 94–273, § 2(2)Apr. 21, 197690 Stat. 375 Pub. L. 97–98, title XVI, § 1607Dec. 22, 198195 Stat. 1347 Pub. L. 100–203, title I, § 1413(a)Dec. 22, 1987101 Stat. 1330–26 Pub. L. 101–624, title XXIIINov. 28, 1990104 Stat. 4044 Pub. L. 103–129, § 2(c)(9)Nov. 1, 1993107 Stat. 1365 Pub. L. 103–354, title II, § 235(a)(11)Oct. 13, 1994108 Stat. 3221 Pub. L. 104–127, title VII, § 772(b)(3)Apr. 4, 1996110 Stat. 1149 Section 946, , as added , , ; amended , , ; , , ; , , ; , (c), , ; , §§ 2364, 2367(a), , ; , , ; , (13), , ; , , , related to capitalization of the telephone bank.

act May 20, 1936, ch. 432, title IV, § 407 Pub. L. 92–12, § 2May 7, 197185 Stat. 34 Pub. L. 92–324, § 2June 30, 197286 Stat. 390 Pub. L. 93–32May 11, 197387 Stat. 70 Section 947, , as added , , ; amended , , ; , §§ 6, 7, , , authorized the telephone bank to obtain funds through the public or private sale of its bonds, debentures, notes, and other evidences of indebtedness.

act May 20, 1936, ch. 432, title IV, § 408 Pub. L. 92–12, § 2May 7, 197185 Stat. 35 Pub. L. 93–32May 11, 197387 Stat. 70 Pub. L. 100–203, title IDec. 22, 1987101 Stat. 1330–22 Pub. L. 101–624, title XXIIINov. 28, 1990104 Stat. 4044 Pub. L. 103–129, § 2(a)(2)Nov. 1, 1993107 Stat. 1361 Pub. L. 103–354, title II, § 235(a)(13)Oct. 13, 1994108 Stat. 3221 Pub. L. 104–66, title I, § 1011(y)Dec. 21, 1995109 Stat. 711 Section 948, , as added , , ; amended , §§ 8, 9, , , 71; , §§ 1411(b)(1), (c), 1412, , , 1330–23, 1330–26; , §§ 2365, 2366, 2367(b), , ; , , ; , , ; , , , granted the telephone bank lending power subject to certain terms and conditions.

act May 20, 1936, ch. 432, title IV, § 409 Pub. L. 92–12, § 2May 7, 197185 Stat. 36 Section 949, , as added , , , provided that receipts from telephone bank activities would be available for all obligations and expenditures of the telephone bank.

act May 20, 1936, ch. 432, title IV, § 410 Pub. L. 92–12, § 2May 7, 197185 Stat. 36 Pub. L. 94–273, § 2(2)Apr. 21, 197690 Stat. 375 Pub. L. 101–624, title XXIII, § 2363(b)(2)Nov. 28, 1990104 Stat. 4043 Pub. L. 103–354, title II, § 235(a)(11)Oct. 13, 1994108 Stat. 3221 Section 950, , as added , , ; amended , , ; , , ; , , , related to the transfer of ownership, control and power from the Secretary of Agriculture to the Telephone Bank Board.

act May 20, 1936, ch. 432, title IV, § 411 Pub. L. 92–12, § 2May 7, 197185 Stat. 37 Section 950a, , as added , , , related to the liquidation or dissolution of the telephone bank.

act May 20, 1936, ch. 432, title IV, § 412 Pub. L. 92–12, § 2May 7, 197185 Stat. 37 Pub. L. 103–354, title II, § 235(a)(13)Oct. 13, 1994108 Stat. 3221 section 922 of this titleSection 950b, , as added , , ; amended , , , limited loans under for any borrower with a net worth in excess of 20 percent of its assets.

Statutory Notes and Related Subsidiaries

Congressional Findings Covering Interest Rates and Loan Prepayments

Pub. L. 100–203, title I, § 1411(a)Dec. 22, 1987101 Stat. 1330–22 section 948 of this titlePub. L. 115–334, title VI, § 6602(b)(16)Dec. 20, 2018132 Stat. 4777 , , , which set out congressional findings related to interest rates and loan prepayments and was formerly set out as a note under , was repealed by , , .

Prepayment Regulations

Pub. L. 100–203, title I, § 1411(b)(2)Dec. 22, 1987101 Stat. 1330–23 section 1411(b)(1) of Pub. L. 100–203section 948 of this titlePub. L. 115–334, title VI, § 6602(b)(16)Dec. 20, 2018132 Stat. 4777 , , , which directed the Governor of the Rural Telephone Bank to issue regulations to carry out the amendment to this section by and was formerly set out as a note under , was repealed by , , .