[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2086 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2086

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

                  May 6 (legislative day, May 2), 1994

Mr. Leahy (by request) 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 the Rural Electrification Act of 1936 (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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