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7 U.S.C. · Agriculture
7 U.S.C. § 2009cc4

Debentures

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

7 U.S.C. § 2009cc4 — Debentures

U.S.C. Title 7 - AGRICULTURE 7 U.S.C. United States Code, 2023 Edition Title 7 - AGRICULTURE CHAPTER 50 - AGRICULTURAL CREDIT SUBCHAPTER VIII - RURAL BUSINESS INVESTMENT PROGRAM Sec. 2009cc-4 - Debentures From the U.S. Government Publishing Office, www.gpo.gov

§2009cc–4. Debentures

(a) In general The Secretary may guarantee the timely payment of principal and interest, as scheduled, on debentures issued by any rural business investment company. (b) Terms and conditions The Secretary may make guarantees under this section on such terms and conditions as the Secretary considers appropriate, except that the term of any debenture guaranteed under this section shall not exceed 15 years. (c) Full faith and credit of the United States Section 2009g(i) of this title shall apply to any guarantee under this section. (d) Maximum guarantee Under this section, the Secretary may— (1) guarantee the debentures issued by a rural business investment company only to the extent that the total face amount of outstanding guaranteed debentures of the rural business investment company does not exceed the lesser of— (A) 300 percent of the private capital of the rural business investment company; or (B) $105,000,000; and

(2) provide for the use of discounted debentures.

(Pub. L. 87–128, title III, §384E, as added Pub. L. 107–171, title VI, §6029, May 13, 2002, 116 Stat. 393.)

Source: uscode.house.gov — public domain Official Source ↗
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boisestandard.org
Citation
7 U.S.C. § 2009cc4
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The statutory text of 7 U.S.C. § 2009cc4 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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← 7 U.S.C. § 2009cc3 7 U.S.C. § 2009cc5 →
Ch. 50 — AGRICULTURAL CREDIT
7 U.S.C. § 19217 U.S.C. § 19227 U.S.C. § 19237 U.S.C. § 19247 U.S.C. § 19257 U.S.C. § 19267 U.S.C. § 192617 U.S.C. § 1926a7 U.S.C. § 1926b7 U.S.C. § 1926c7 U.S.C. § 1926d7 U.S.C. § 1926e7 U.S.C. § 1926f7 U.S.C. § 19277 U.S.C. § 1927a7 U.S.C. § 19287 U.S.C. § 19297 U.S.C. § 192917 U.S.C. § 1929a7 U.S.C. § 1929b7 U.S.C. § 19307 U.S.C. § 19317 U.S.C. § 19327 U.S.C. § 19337 U.S.C. § 19347 U.S.C. § 19357 U.S.C. § 19367 U.S.C. § 1936a7 U.S.C. § 1936b7 U.S.C. § 1936c
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