7 U.S.C. · Agriculture
7 U.S.C. § 936d

Eligibility of distribution borrowers for loans, loan guarantees, and lien accommodations

Ch. 31 — RURAL ELECTRIFICATION AND TELEPHONE SERVICE
Title 7 U.S.C. ● ACTIVE Primary Source Ch. 31
Statutory Text

7 U.S.C. § 936d — Eligibility of distribution borrowers for loans, loan guarantees, and lien accommodations

U.S.C. Title 7 - AGRICULTURE 7 U.S.C. United States Code, 2023 Edition Title 7 - AGRICULTURE CHAPTER 31 - RURAL ELECTRIFICATION AND TELEPHONE SERVICE SUBCHAPTER III - RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS Sec. 936d - Eligibility of distribution borrowers for loans, loan guarantees, and lien accommodations From the U.S. Government Publishing Office, www.gpo.gov

§936d. Eligibility of distribution borrowers for loans, loan guarantees, and lien accommodations

For the purpose of determining the eligibility of a distribution borrower not in default on the repayment of a loan made or guaranteed under this chapter for a loan, loan guarantee, or lien accommodation under this subchapter, a default by a borrower from which the distribution borrower purchases wholesale power shall not— (1) be considered a default by the distribution borrower; (2) reduce the eligibility of the distribution borrower for assistance under this chapter; or (3) be the cause, directly or indirectly, of imposing any requirement or restriction on the borrower as a condition of the assistance, except such requirements or restrictions as are necessary to implement a debt restructuring agreed on by the power supply borrower and the Government.

(May 20, 1936, ch. 432, title III, §306D, as added Pub. L. 103–129, §2(c)(7), Nov. 1, 1993, 107 Stat. 1364.)

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The statutory text of 7 U.S.C. § 936d 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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