7 U.S.C. § 931 : US Code - Section 931: Rural Electrification and Telephone Revolving Fund

Search 7 U.S.C. § 931 : US Code - Section 931: Rural Electrification and Telephone Revolving Fund

There is hereby established in the Treasury of the United States
a fund, to be known as the Rural Electrification and Telephone
Revolving Fund (hereinafter referred to as the "fund"), consisting
of:
(1) all notes, bonds, obligations, liens, mortgages, and
property delivered or assigned to the Secretary pursuant to loans
heretofore or hereafter made under sections 904, 905,(!1) and 922
of this title and under this subchapter, as of May 11, 1973, and
all proceeds from the sales hereunder of such notes, bonds,
obligations, liens, mortgages, and property, which shall be
transferred to and be assets of the funds;
(2) undisbursed balances of electric and telephone loans made
under sections 904, 905,(!1) and 922 of this title, which as of
May 11, 1973, shall be transferred to and be assets of the fund;
(3) all collections of principal and interest received on and
after July 1, 1972, on notes, bonds, judgments, or other
obligations made or held under subchapters I and II of this
chapter and under this subchapter, except for net collection
proceeds previously appropriated for the purchase of class A
stock in the Rural Telephone Bank, which shall be paid into and
be assets of the fund;
(4) all appropriations for interest subsidies and losses
required under this subchapter which may hereafter be made by the
Congress and the unobligated balances of any funds made available
for loans under the item "Rural Electrification Administration"
in the Department of Agriculture and Agriculture-Environmental
and Consumer Protection Appropriations Acts;
(5) moneys borrowed from the Secretary of the Treasury pursuant
to section 934(a) of this title;
(6) shares of the capital stock of the Rural Telephone Bank
purchased by the United States pursuant to section 946(a) of this
title and moneys received from said bank upon retirement of said
shares of stock in accordance with the provisions of subchapter
IV of this chapter, which said shares and moneys shall be assets
of the fund.