Fabio
00a184bb3c
Raw OLRC USLM XML zips @ release 119-100 (retrieved 2026-07-04 via Atlas depot), ingested with the standard pipeline: raw snapshot -> per-section OKF markdown -> manifest + checksums. Title 52 untouched. LegalText: 171 -> 11,221. Titles 12-54 await a clean OLRC retry. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
48 lines
2.1 KiB
Markdown
48 lines
2.1 KiB
Markdown
---
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type: "LegalText"
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title: "7 U.S.C. § 940"
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description: "Refinancing of rural development loans"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 7
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title_name: "AGRICULTURE"
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chapter_number: "31"
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chapter_name: "RURAL ELECTRIFICATION AND TELEPHONE SERVICE"
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section: "940"
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citation: "7 U.S.C. § 940"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip"
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source_identifier: "/us/usc/t7/s940"
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source_file: "data/legal/raw/us/code/title-07/usc07.xml"
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source_hash: "724f882e614ef37a1c4e517bab5031ca0d37d08340bc0a6dc6ba9bdff7754068"
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raw_snapshot_hash: "50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984"
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text_hash: "92a9bb760a7887a1cef74d520832ca53079677f5237cc45502e4aeb67ecd5a31"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 7 U.S.C. § 940 - Refinancing of rural development loans
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## Text
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At the request of the borrower, the Secretary is authorized and directed to refinance with loans which will be insured under this chapter at the interest rates provided in section 935 of this title any loans made for rural electric and telephone facilities under any provision of the Consolidated Farm and Rural Development Act [7 U.S.C. 1921 et seq.].
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(May 20, 1936, ch. 432, title III, § 310, as added Pub. L. 93–32, § 2, May 11, 1973, 87 Stat. 70; amended Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)
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## Notes
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Editorial Notes
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References in TextThe Consolidated Farm and Rural Development Act, referred to in text, is title III of Pub. L. 87–128, Aug. 8, 1961, 75 Stat. 307, which is classified principally to chapter 50 (§ 1921 et seq.) of this title. For complete classification of the Act to the Code, see Short Title note set out under section 1921 of this title and Tables.
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Amendments1994—Pub. L. 103–354 substituted “Secretary” for “Administrator”.
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Statutory Notes and Related Subsidiaries
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Effective DateSection effective May 11, 1973, see section 12 of Pub. L. 93–32, set out as a note under section 930 of this title.
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