§ 904. Loans for electrical plants and transmission lines

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.

1. 1936

   Pub. L. 74–432 · 49 Stat. 513

   Enacted · 7 U.S.C. § 904

   May 20, 1936, ch. 432, title I, § 4, 49 Stat. 1365

   Source evidence

   Code source credit
   May 20, 1936, ch. 432, title I, § 4, 49 Stat. 1365

2. 1993

   Pub. L. 103–129 § 2(c)(2) · 107 Stat. 1356

   Inserted · 7 U.S.C. § 904

   Pub. L. 103–129 inserted “and for the furnishing and improving of electric service to persons in rural areas, including by assisting electric borrowers to implement demand side management, energy conservation programs, and on-grid and off-grid renewable energy systems” after “central station service”

   Source evidence

   Code amendment note
   Pub. L. 103–129 inserted “and for the furnishing and improving of electric service to persons in rural areas, including by assisting electric borrowers to implement demand side management, energy conservation programs, and on-grid and off-grid renewable energy systems” after “central station service”.

   Enacted provision · exact public law section
   (C) by inserting after subsection (b) (as so redesignated) the following new subsections:

3. 1994

   Department of Agriculture Reorganization Act of 1994

   Pub. L. 103–354 title II § 235(a)(13) · 108 Stat. 3178

   Substituted · 7 U.S.C. § 904

   Pub. L. 103–354 substituted “Secretary” for “Administrator”

   Source evidence

   Code amendment note
   Pub. L. 103–354 substituted “Secretary” for “Administrator”.

   Enacted provision · exact public law section
   (13) except as otherwise provided in this subsection, by striking “Administrator” each place it appears in such Act and inserting “Secretary”.

4. 1996

   Federal Agriculture Improvement and Reform Act of 1996

   Pub. L. 104–127 title VII § 773 · 110 Stat. 888

   1. Struck · 7 U.S.C. § 904

      Pub. L. 104–127, in first sentence, struck out “for the furnishing of electric energy to persons in rural areas who are not receiving central station service and” after “transmission and distribution lines or systems”

   2. Substituted · 7 U.S.C. § 904

      Pub. L. 104–127, in first sentence, substituted “section 903 of this title,” for “the provisions of sections 903(d) and 903(e) of this title but without regard to the 25 per centum limitation therein contained,”, in second sentence

   3. Substituted · 7 U.S.C. § 904

      Pub. L. 104–127, in first sentence, substituted “, except that” for “: Provided, further, That all such loans shall be self-liquidating within a period of not to exceed thirty-five years, and shall bear interest at the rate of 2 per centum per annum; interest rates on the unmatured and unpaid balance of any loans made pursuant to this section prior to September 21, 1944, shall be adjusted to 2 per centum per annum, and the maturity date of any such loans may be readjusted to occur at a date not beyond thirty-five years from the date of such loan: And provided further, That”, and in third sentence

   4. Struck · 7 U.S.C. § 904

      Pub. L. 104–127, in first sentence, struck out “and section 905 of this title” before “shall not be made”

   Source evidence

   Code amendment note
   Pub. L. 104–127, in first sentence, struck out “for the furnishing of electric energy to persons in rural areas who are not receiving central station service and” after “transmission and distribution lines or systems” and substituted “section 903 of this title,” for “the provisions of sections 903(d) and 903(e) of this title but without regard to the 25 per centum limitation therein contained,”, in second sentence, substituted “, except that” for “: Provided, further, That all such loans shall be self-liquidating within a period of not to exceed thirty-five years, and shall bear interest at the rate of 2 per centum per annum; interest rates on the unmatured and unpaid balance of any loans made pursuant to this section prior to September 21, 1944, shall be adjusted to 2 per centum per annum, and the maturity date of any such loans may be readjusted to occur at a date not beyond thirty-five years from the date of such loan: And provided further, That”, and in third sentence, struck out “and section 905 of this title” before “shall not be made”.

   Enacted provision · exact public law section
   SEC. 773. LOANS FOR ELECTRICAL PLANTS AND TRANSMISSION LINES. Section 4 of the Rural Electrification Act of 1936 (7 U.S.C. 904) is amended— (1) in the first sentence— (A) by striking “for the furnishing of” and all that follows through “central station service and”; and (B) by striking “the provisions of sections 3(d) and 3(e) but without regard to the 25 per centum limitation therein contained,” and inserting “section 3,”; (2) in the second sentence, by striking “: Provided further, That all” and all that follows through “loan: And provided further, That” and inserting “, except that”; and (3) in the third sentence, by striking “and section 5”.

5. 2008

   Food, Conservation, and Energy Act of 2008

   Pub. L. 110–246 § 6102(a) · 122 Stat. 1651

   1. Amended · 7 U.S.C. § 904

      Pub. L. 110–246, § 6102(a), designated first, second, and third sentences as subsecs. (a), (b), and (d), respectively

   2. Added · 7 U.S.C. § 904

      Pub. L. 110–246, § 6102(a), added subsec. (c)

   Source evidence

   Code amendment note
   Pub. L. 110–246, § 6102(a), designated first, second, and third sentences as subsecs. (a), (b), and (d), respectively, and added subsec. (c).

   Enacted provision · exact public law section
   (a) In General.— Section 4 of the Rural Electrification Act of 1936 (7 U.S.C. 904) is amended— (1) by designating the first, second, and third sentences as subsections (a), (b), and (d), respectively; and (2) by inserting after subsection (b) (as so designated) the following: “(c) Direct Loans.— “(1) Direct hardship loans.— Direct hardship loans under this section shall be for the same purposes and on the same terms and conditions as hardship loans made under section 305(c)(1). “(2) Other direct loans.— All other direct loans under this section shall bear interest at a rate equal to the then current cost of money to the Government of the United States for loans of similar maturity, plus ⅛ of 1 percent.” .

   Effective date note
   Amendment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as an Effective Date note under section 8701 of this title.

6. 2008

   Food, Conservation, and Energy Act of 2008

   Pub. L. 110–246 § 6101 · 122 Stat. 1651

   Inserted · 7 U.S.C. § 904

   Pub. L. 110–246, § 6101, inserted “efficiency and” before “conservation” in first sentence

   Target inherited from the preceding amendment note.

   Source evidence

   Code amendment note
   Pub. L. 110–246, § 6101, inserted “efficiency and” before “conservation” in first sentence.

   Enacted provision · exact public law section
   SEC. 6101. ENERGY EFFICIENCY PROGRAMS.   Sections 2(a) and 4 of the Rural Electrification Act of 1936 (7 U.S.C. 902(a), 904) are amended by inserting “efficiency and” before “conservation” each place it appears.

   Effective date note
   Amendment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as an Effective Date note under section 8701 of this title.

9 of 10 references resolved to an enrolled provision · 1 partial