7 U.S.C. § 925

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 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.

7 U.S.C. § 925

May 20, 1936, ch. 432, title II, §204, as added Pub. L. 101-624, title XXIII, §23552355,, 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

AMENDMENTS2018- 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".

Secretary

The term "Secretary" means the Secretary of Agriculture.