7 U.S.C. § 930
Congressional declaration of policy
It is hereby declared to be the policy of the Congress that adequate funds should be made available to rural electric and telephone systems through direct, insured and guaranteed loans at interest rates which will allow them to achieve the objectives of the Rural Electrification Act of 1936, as amended [7 U.S.C. 901 et seq.], and that such rural electric and telephone systems should be encouraged and assisted to develop their resources and ability to achieve the financial strength needed to enable them to satisfy their credit needs from their own financial organizations and other sources at reasonable rates and terms consistent with the loan applicant’s ability to pay and achievement of the Act’s objectives.
Notes of Decisions
Cited in 4
cases, 1993–2002 · leading case: Tallahatchie Valley Elec. Power Ass'n v. MISS. PROPANE GAS Ass'n, INC., 812 So. 2d 912 (Miss. 2002).
Tallahatchie Valley Elec. Power Ass'n v. MISS. PROPANE GAS Ass'n, INC., 812 So. 2d 912 (Miss. 2002). “" 7 U.S.C. § 930 . At the same time, however, other REA regulations prohibited REA borrowers from investing more than 3 percent of their funds in "non-Act" purposes, which entailed purposes other than providing electricity.”
Util. L. Rep. P 13,930 Wabash Valley Power Ass'n, Inc., an Indiana Not-For-Profit Corp. v. Rural Electrification Admin., 988 F.2d 1480 (7th Cir. 1993). “” 7 U.S.C. § 930 . However, the very structure that Congress adopted undermines the ability of cooperatives to develop other sources of financing.”
White Current Corp. v. Rural Util. Serv. (In Re Vermont Elec. Generation & Transmission Coop., Inc.), 240 B.R. 476 (Bankr. D. Vt. 1999). “” 7 U.S.C. § 930 . WCC does not cite, nor has the court located, any support for this contention in the language of the statute, the case law or the legislative history.”
Tallahatchie Valley Elec. Power Ass'n v. Mississippi Propane Gas Ass'n, Inc. (Miss. 1999). “" 7 U.S.C. § 930 . At the same time, however, other REA regulations prohibited REA borrowers from investing more than 3 percent of their funds in "non-Act" purposes, which entailed purposes other than providing electricity.”
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