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

Statutory text

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)—

will be carried out in the same area as the original project or activity;

meets the criteria for a loan or a grant described in section 2009d(d) of this title; and

satisfies such additional requirements as are established by the Secretary.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

2002
Agricultural Act of 1961
Pub. L. 87–128 title III § 310G · 75 Stat. 294
Enacted · 7 U.S.C. § 1936a
(Pub. L. 87–128, title III, § 310G, as added Pub. L. 107–171, title VI, § 6018, May 13, 2002, 116 Stat. 361.)
Source evidence
Code source credit
(Pub. L. 87–128, title III, § 310G, as added Pub. L. 107–171, title VI, § 6018, May 13, 2002, 116 Stat. 361.)

0 of 1 references resolved to an enrolled provision · 1 partial

Credits

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