United States Code (Last Updated: May 24, 2014) |
Title 7. AGRICULTURE |
Chapter 31. RURAL ELECTRIFICATION AND TELEPHONE SERVICE |
SubChapter II. RURAL TELEPHONE SERVICE |
§ 925. Loan feasibility
Latest version.
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The Secretary and the Governor of the telephone bank may not, as a condition of making a telephone loan to an applicant therefor, require the applicant to— (1) increase the rates charged to the applicant’s customers or subscribers; or (2) increase the applicant’s ratio of— (A) net income or margins before interest; to (B) the interest requirements on all of the applicant’s outstanding and proposed loans.
(May 20, 1936, ch. 432, title II, § 204, as added Pub. L. 101–624, title XXIII, § 2355, Nov. 28, 1990 , 104 Stat. 4039; amended Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994 , 108 Stat. 3221.)
Amendments
1994—Pub. L. 103–354 substituted “Secretary” for “Administrator”.