
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 7USC921b]

 
                          TITLE 7--AGRICULTURE
 
         CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE SERVICE
 
                 SUBCHAPTER II--RURAL TELEPHONE SERVICE
 
Sec. 921b. Policy of expansion of markets for debentures

    It is hereby declared to be the policy of the Congress that the 
Rural Telephone Bank should have the capability of obtaining adequate 
funds for its supplementary financing program at the lowest possible 
costs. In order to effectuate this policy, it will be necessary to 
expand the market for debentures to be issued by the Telephone Bank.

(Pub. L. 92-324, Sec. 1, June 30, 1972, 86 Stat. 390.)

                          Codification

    The last sentence of section 1 of Pub. L. 92-324 provided that: 
``The Rural Electrification Act of 1936, as amended (7 U.S.C. 901-
950(b)), is therefore further amended as hereinafter provided.''
    Section was not enacted as part of the title II of the Rural 
Electrification Act of 1936 which comprises this subchapter.


                             Effective Date

    Section 4 of Pub. L. 92-324 provided that: ``This Act [enacting this 
section and amending section 947 of this title] shall take effect upon 
enactment [June 30, 1972].''


     Reservation of Right To Repeal, Alter, or Amend Pub. L. 92-324

    Section 3 of Pub. L. 92-324 provided that: ``The right to repeal, 
alter, or amend this Act [enacting this section and amending section 947 
of this title] is expressly reserved.''
