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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. § 950cc2 Use of loan proceeds to refinance loans for deployment of broadband service us united_states_code code_section 7 AGRICULTURE 31 RURAL ELECTRIFICATION AND TELEPHONE SERVICE 950cc2 7 U.S.C. § 950cc2 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/s950cc2 data/legal/raw/us/code/title-07/usc07.xml a50fd3123f30a427ca67f3036ed915157d19ca40d20b2ccefa39b87035e4c803 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 481247b27ae7df0bed70ce505277d056476d8c41fe6f4db49a90472bdd1ec27b 2026-07-04 official
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7 U.S.C. § 950cc2 - Use of loan proceeds to refinance loans for deployment of broadband service

Text

Notwithstanding any other provision of this chapter, the proceeds of any loan made or guaranteed by the Secretary under this chapter may be used by the recipient of the loan for the purpose of refinancing an outstanding obligation of the recipient on another telecommunications loan made under this chapter, or on any other loan if that loan would have been for an eligible telecommunications purpose under this chapter.

(May 20, 1936, ch. 432, title VII, § 703, as added Pub. L. 115334, title VI, § 6209, Dec. 20, 2018, 132 Stat. 4743.)