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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 930 Congressional declaration of policy us united_states_code code_section 7 AGRICULTURE 31 RURAL ELECTRIFICATION AND TELEPHONE SERVICE 930 7 U.S.C. § 930 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s930 data/legal/raw/us/code/title-07/usc07.xml 0514978e37ee646f96cb32e0a71d114343a821c3bbdaf74187e8fcbff806eb2b 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 eb3b76abae61c21978c2325a989d719bf9744f49484317789145a29d0c0b0137 2026-07-04 official
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7 U.S.C. § 930 - Congressional declaration of policy

Text

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 the Rural Electrification Act of 1936, as amended [7 U.S.C. 901 et seq.], 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 applicants ability to pay and achievement of the Acts objectives.

(Pub. L. 9332, § 1, May 11, 1973, 87 Stat. 65.)

Notes

Editorial Notes

References in TextThe Rural Electrification Act of 1936 and the Act, referred to in text, are act May 20, 1936, ch. 432, 49 Stat. 1363, which is classified generally to this chapter. For complete classification of this Act to the Code, see section 901 of this title and Tables.

Codification Section is comprised of the first sentence of section 1 of Pub. L. 9332. The last sentence of section 1 of Pub. L. 9332 provided that: “The Rural Electrification Act of 1936, as amended (7 U.S.C. 901950(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.

Statutory Notes and Related Subsidiaries

Effective DatePub. L. 9332, § 12, May 14, 1973, 87 Stat. 71, 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. 9332Pub. L. 9332, § 11, May 14, 1973, 87 Stat. 71, 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.”