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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. § 2009cc4 Debentures us united_states_code code_section 7 AGRICULTURE 50 AGRICULTURAL CREDIT 2009cc4 7 U.S.C. § 2009cc4 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/s2009cc4 data/legal/raw/us/code/title-07/usc07.xml 7bc0961353349fe2bd1ccf562abf8c7d8536ff44675be8578a373e093289fc55 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 5937219a9abae0223f4e1e651ad1d98e52ebe06ee28730f03e5bb0a8a53e7214 2026-07-04 official
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us-code

7 U.S.C. § 2009cc4 - Debentures

Text

(a) In general The Secretary may guarantee the timely payment of principal and interest, as scheduled, on debentures issued by any rural business investment company.

(b) Terms and conditions The Secretary may make guarantees under this section on such terms and conditions as the Secretary considers appropriate, except that the term of any debenture guaranteed under this section shall not exceed 15 years.

(c) Full faith and credit of the United States Section 2009g(i) of this title shall apply to any guarantee under this section.

(d) Maximum guarantee Under this section, the Secretary may—

(1) guarantee the debentures issued by a rural business investment company only to the extent that the total face amount of outstanding guaranteed debentures of the rural business investment company does not exceed the lesser of—

(A) 300 percent of the private capital of the rural business investment company; or

(B) $105,000,000; and

(2) provide for the use of discounted debentures.

(Pub. L. 87128, title III, § 384E, as added Pub. L. 107171, title VI, § 6029, May 13, 2002, 116 Stat. 393.)