7 U.S.C. § 925: Loan feasibility

7 U.S.C. 925: Loan feasibilityText contains those laws in effect through Public Law 119-121 (October 9, 2026).

From Title 7-AGRICULTURECHAPTER 31-RURAL ELECTRIFICATION AND TELEPHONE SERVICE

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§925. Loan feasibility

The Secretary 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 ; Pub. L. 115-334, title VI, § 6602(b)(2) , Dec. 20, 2018 , 132 Stat. 4776 .)

Editorial Notes

Amendments

2018⁠—Pub. L. 115-334 struck out “and the Governor of the telephone bank” after “The Secretary” in introductory provisions.

1994⁠—Pub. L. 103-354 substituted “Secretary” for “Administrator”.