§ 936d. — Eligibility of distribution borrowers for loans, loan guarantees, and lien accommodations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC936d]
TITLE 7--AGRICULTURE
CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE SERVICE
SUBCHAPTER III--RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS
Sec. 936d. Eligibility of distribution borrowers for loans, loan
guarantees, and lien accommodations
For the purpose of determining the eligibility of a distribution
borrower not in default on the repayment of a loan made or guaranteed
under this chapter for a loan, loan guarantee, or lien accommodation
under this subchapter, a default by a borrower from which the
distribution borrower purchases wholesale power shall not--
(1) be considered a default by the distribution borrower;
(2) reduce the eligibility of the distribution borrower for
assistance under this chapter; or
(3) be the cause, directly or indirectly, of imposing any
requirement or restriction on the borrower as a condition of the
assistance, except such requirements or restrictions as are
necessary to implement a debt restructuring agreed on by the power
supply borrower and the Government.
(May 20, 1936, ch. 432, title III, Sec. 306D, as added Pub. L. 103-129,
Sec. 2(c)(7), Nov. 1, 1993, 107 Stat. 1364.)
