The law › Title 7, Agriculture › Chapter 31
7 U.S.C. 940c-1: Guarantees for bonds and notes issued for electrification or telephone purposes
Created in 2002 by the Farm Security and Rural Investment Act of 2002 (Public Law 107-171). Changed by 4 later laws. 1 bill in this Congress would change it.
- past change
- enacted this Congress
- proposed
This Congress
- S. 5526 Agricultural Act of 2026 · reported by committee · would change (f)
How it got here
2018
- Pub. L. 115–334, §6505(a)(1), designated existing provisions as par. (1), inserted heading, substituted "basis, if the proceeds of the bonds or notes are used to make utility infrastructure loans, or refinance bonds or notes issued for those purposes, to a borrower that has at any time… (Agriculture Improvement Act of 2018) Law text · (a)
- Pub. L. 115–334, §6505(a)(2)(A), substituted "purposes described in subsection (a)(1)." for "electrification or telephone purposes consistent with this chapter." (Agriculture Improvement Act of 2018) Law text · (b)
- Pub. L. 115–334, §6505(a)(2)(B), (C), redesignated par. (3) as (2) and struck out former par. (2). Prior to amendment, text of par. (2) read as follows: "The Secretary shall not guarantee payment on a bond or note issued by a lender, the proceeds of which are used for the generation… (Agriculture Improvement Act of 2018) Law text · (b)
- Pub. L. 115–334, §6505(a)(2)(D)(i), substituted "for eligible purposes described in subsection (a)(1)" for "for electrification or telephone purposes". (Agriculture Improvement Act of 2018) Law text · (b)
- Pub. L. 115–334, §6505(a)(2)(D)(ii), substituted "subsection (a)(1)" for "subsection (a)". (Agriculture Improvement Act of 2018) Law text · (b)
- Pub. L. 115–334, §6505(a)(2)(C), redesignated par. (4) as (3). Former par. (3) redesignated (2). (Agriculture Improvement Act of 2018) Law text · (b), (4)
- Pub. L. 115–334, §6504(d)(1)(A), substituted "that shall be maintained as required by sections 940c(b)(2) and 940c–2(f) of this title" for "maintained under section 940c(b)(2)(A) of this title". (Agriculture Improvement Act of 2018) Law text · (c)
- Pub. L. 115–334, §6504(d)(1)(B), substituted "940c(b)(2) of this title" for "940c(b)(2)(B) of this title". (Agriculture Improvement Act of 2018) Law text · (c)
- Pub. L. 115–334, §6504(d)(2), substituted "required to be maintained by sections 940c(b)(2) and 940c–2(f) of this title" for "maintained under section 940c(b)(2)(A) of this title". (Agriculture Improvement Act of 2018) Law text · (e)
- Pub. L. 115–334, §6505(a)(3), substituted "2023" for "2018". (Agriculture Improvement Act of 2018) Law text · (f)
2014
- Pub. L. 113–79 substituted "2018" for "2012". (Agricultural Act of 2014) Law text · (f)
2008
- Pub. L. 110–246, §6106(a)(1)(A), substituted "for eligible electrification or telephone purposes consistent with this chapter" for "for electrification or telephone purposes that have been made concurrently with loans approved for such purposes under this chapter". (Food, Conservation, and Energy Act of 2008) Law text · (b)
- Pub. L. 110–246, §6106(a)(1)(B), added par. (4) and struck out former par. (4) which related to prohibition on use of amounts from reduced funding costs for interest rate reduction except for certain concurrent loans. (Food, Conservation, and Energy Act of 2008) Law text · (b)
- Pub. L. 110–246, §6106(a)(2), added pars. (2) and (3) and struck out former pars. (2) and (3) which provided that the amount of an annual fee paid for the guarantee would be equal to 30 basis points of the amount of the unpaid principal and directed payment of fees required und… (Food, Conservation, and Energy Act of 2008) Law text · (c), (3)
- Pub. L. 110–246, §6106(a)(3), substituted "2012" for "2007". (Food, Conservation, and Energy Act of 2008) Law text · (f)
Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.