7 U.S.C. § 927 : US Code - Section 927: General duties and prohibitions

Search 7 U.S.C. § 927 : US Code - Section 927: General duties and prohibitions

(a) Duties
The Secretary and the Governor of the telephone bank shall - 
(1) notwithstanding section 553(a)(2) of title 5, cause to be
published in the Federal Register, in accordance with subsections
(b) through (e) of section 553 of such title, all rules,
regulations, bulletins, and other written policy standards
governing the operations of the telephone loan and loan guarantee
programs administered under this chapter other than those
relating to agency management and personnel;
(2) in evaluating the feasibility of a telephone loan to be
made to a borrower for telephone services, use - 
(A) with respect to items for which the regulatory authority
with jurisdiction over the provision of such services has
approved the depreciation rates used by the borrower, such
approved rates; and
(B) with respect to other items, the average of the
depreciation rates used by borrowers of telephone loans made
under this chapter;
(3) annually determine and publish the average described in
paragraph (2)(B); and
(4) make loans for all purposes for which telephone loans are
authorized under section 922 or 948 of this title, to the extent
of qualifying applications therefor.
(b) Prohibitions
The Secretary and the Governor of the telephone bank shall not - 
(1) rescind an insured telephone loan, or a Rural Telephone
Bank loan, made under this chapter without the consent of the
borrower, unless all of the purposes for which telephone loans
have been made to the borrower under this chapter have been
accomplished with funds provided under this chapter;
(2) regulate the order or sequence of advances of funds under
telephone loans made under this chapter to any borrower who has
received any combination of telephone loans from the Secretary,
the Rural Telephone Bank, or the Federal Financing Bank; or
(3) deny a loan or advance to, or take any other adverse action
against, an applicant for, or a borrower of, a telephone loan
under this chapter for any reason that is not based on a rule,
regulation, bulletin, or other written policy standard that has
not been published pursuant to section 553 of title 5.