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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. § 905 Fees for certain loan guarantees us united_states_code code_section 7 AGRICULTURE 31 RURAL ELECTRIFICATION AND TELEPHONE SERVICE 905 7 U.S.C. § 905 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/s905 data/legal/raw/us/code/title-07/usc07.xml 96c6c7b548672d875b9faa52dbb1cc3f0d88dd1a9c2a65bec038cd0c62ace19e 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 ef024bd43cd254ff375ef131e4b37e7d059127c443391b297df3980e4b09983c 2026-07-04 official
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7 U.S.C. § 905 - Fees for certain loan guarantees

Text

(a) In general For electrification baseload generation loan guarantees, the Secretary shall, at the request of the borrower, charge an upfront fee to cover the costs of the loan guarantee.

(b) Fee The fee described in subsection (a) for a loan guarantee shall be equal to the costs of the loan guarantee (within the meaning of section 661a(5)(C) of title 2).

(c) Limitation Funds received from a borrower to pay the fee described in this section shall not be derived from a loan or other debt obligation that is made or guaranteed by the Federal Government.

(May 20, 1936, ch. 432, title I, § 5, as added Pub. L. 11379, title VI, § 6101, Feb. 7, 2014, 128 Stat. 850.)

Notes

Editorial Notes

Prior ProvisionsA prior section 905, acts May 20, 1936, ch. 432, title I, § 5, 49 Stat. 1365; Sept. 21, 1944, ch. 412, title V, § 502(b), 58 Stat. 739; Oct. 28, 1949, ch. 776, § 2, 63 Stat. 948; Oct. 13, 1994, Pub. L. 103354, title II, § 235(a)(13), 108 Stat. 3221, related to loans for electrical and plumbing equipment and persons eligible for such loans, prior to repeal by Pub. L. 104127, title VII, § 774(a), Apr. 4, 1996, 110 Stat. 1150.