7 U.S.C. · Agriculture
7 U.S.C. § 1936a

Use of rural development loans and grants for other purposes

Ch. 50 — AGRICULTURAL CREDIT
Title 7 U.S.C. ● ACTIVE Primary Source Ch. 50
Statutory Text

7 U.S.C. § 1936a — Use of rural development loans and grants for other purposes

U.S.C. Title 7 - AGRICULTURE 7 U.S.C. United States Code, 2023 Edition Title 7 - AGRICULTURE CHAPTER 50 - AGRICULTURAL CREDIT SUBCHAPTER I - REAL ESTATE LOANS Sec. 1936a - Use of rural development loans and grants for other purposes From the U.S. Government Publishing Office, www.gpo.gov

§1936a. Use of rural development loans and grants for other purposes

If, after making a loan or a grant described in section 2009d(d) of this title, the Secretary determines that the circumstances under which the loan or grant was made have sufficiently changed to make the project or activity for which the loan or grant was made available no longer appropriate, the Secretary may allow the loan borrower or grant recipient to use property (real and personal) purchased or improved with the loan or grant funds, or proceeds from the sale of property (real and personal) purchased with such funds, for another project or activity that (as determined by the Secretary)— (1) will be carried out in the same area as the original project or activity; (2) meets the criteria for a loan or a grant described in section 2009d(d) of this title; and (3) satisfies such additional requirements as are established by the Secretary.

(Pub. L. 87–128, title III, §310G, as added Pub. L. 107–171, title VI, §6018, May 13, 2002, 116 Stat. 361.)

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 7 U.S.C. § 1936a is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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