§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, §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."