
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 7USC930]

 
                          TITLE 7--AGRICULTURE
 
         CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE SERVICE
 
    SUBCHAPTER III--RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS
 
Sec. 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 this chapter 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 
this chapter's objectives.

(Pub. L. 93-32, Sec. 1, May 11, 1973, 87 Stat. 65.)

                          Codification

    The last sentence of section 1 of Pub. L. 93-32 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 Rural Electrification Act of 
1936 which comprises this chapter.


                             Effective Date

    Section 12 of Pub. L. 93-32 provided that: ``This Act [enacting 
sections 906a, 930, and 933 to 940 of this title, amending sections 903, 
931, 932, 945, 946, 947, and 948 of this title, and enacting provisions 
set out as notes under this section] shall take effect upon enactment 
[May 11, 1973].''


      Reservation of Right To Repeal, Alter, or Amend Pub. L. 93-32

    Section 11 of Pub. L. 93-32 provided that: ``The right to repeal, 
alter, or amend, this Act [enacting sections 906a, 930, and 933 to 940 
of this title, amending sections 903, 931, 932, 945, 946, 947, and 948 
of this title, and enacting provisions set out as notes under this 
section] is expressly reserved.''
