Title 7 — Agriculture
Chapter 31 — Rural Electrification and Telephone Service
§ 936d. Eligibility of distribution borrowers for loans, loan guarantees, and lien accommodations
Statutory text
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—
be considered a default by the distribution borrower;
reduce the eligibility of the distribution borrower for assistance under this chapter; or
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.
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.
Pub. L. 103–129 § 2(c)(7) · 107 Stat. 1356
Enacted · 7 U.S.C. § 936d
(May 20, 1936, ch. 432, title III, § 306D, as added Pub. L. 103–129, § 2(c)(7), Nov. 1, 1993, 107 Stat. 1364.)
Source evidence
Code source credit
(May 20, 1936, ch. 432, title III, § 306D, as added Pub. L. 103–129, § 2(c)(7), Nov. 1, 1993, 107 Stat. 1364.)Enacted provision · exact public law section
(C) by inserting after subsection (b) (as so redesignated) the following new subsections:
1 of 1 references resolved to an enrolled provision
Credits
(May 20, 1936, ch. 432, title III, § 306D, as added Pub. L. 103–129, § 2(c)(7), , 107 Stat. 1364.)