[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2054 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2054

To amend the Rural Electrification Act of 1936 to remove the 7 percent 
       interest rate limitation on certain Rural Electrification 
             Administration loans, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

               April 26 (legislative day, April 11), 1994

   Mr. Leahy introduced the following bill; which was read twice and 
   referred to the Committee on Agriculture, Nutrition, and Forestry

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                                 A BILL


 
To amend the Rural Electrification Act of 1936 to remove the 7 percent 
       interest rate limitation on certain Rural Electrification 
             Administration loans, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REMOVAL OF MAXIMUM INTEREST RATE LIMITATION ON FFB LOAN 
              REFINANCING.

    Section 306C of such Act (7 U.S.C. 936c) is amended--
            (1) in subsection (c)(2), by striking ``, except that such 
        rate shall not be greater than 7 percent per year, subject to 
        subsection (d)''; and
            (2) by striking subsection (d).

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