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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. § 1936a Use of rural development loans and grants for other purposes us united_states_code code_section 7 AGRICULTURE 50 AGRICULTURAL CREDIT 1936a 7 U.S.C. § 1936a 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/s1936a data/legal/raw/us/code/title-07/usc07.xml 72980d796584549454d65346f091858853e24f6231635ccfd84a4d207fb5b651 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 b058d36e5da2b3b72e882bd00fda54a8aaf642cd1c6d2c3c68671e634a97ae9a 2026-07-04 official
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7 U.S.C. § 1936a - Use of rural development loans and grants for other purposes

Text

If, after making a loan or a grant described in section 2009d(d) of this title, the Secretary determines that the circumstances under which the loan or grant was made have sufficiently changed to make the project or activity for which the loan or grant was made available no longer appropriate, the Secretary may allow the loan borrower or grant recipient to use property (real and personal) purchased or improved with the loan or grant funds, or proceeds from the sale of property (real and personal) purchased with such funds, for another project or activity that (as determined by the Secretary)—

(1) will be carried out in the same area as the original project or activity;

(2) meets the criteria for a loan or a grant described in section 2009d(d) of this title; and

(3) satisfies such additional requirements as are established by the Secretary.

(Pub. L. 87128, title III, § 310G, as added Pub. L. 107171, title VI, § 6018, May 13, 2002, 116 Stat. 361.)