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7 U.S.C. § 936d

U.S. CodeFederal
Eligibility of distribution borrowers for loans, loan guarantees, and lien accommodations
About This Law
/us/usc/t7/s936d
Title
7 — Agriculture
Chapter
CH31
Release
119-84
Release Date
2026-04-17

Section Text

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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, § 306D, as added Pub. L. 103–129, § 2(c)(7), Nov. 1, 1993, 107 Stat. 1364.)

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