7 USC 2009cc-4 - Debentures

U.S Code last checked for updates: Nov 22, 2024

§ 2009cc–4.

Debentures

(a)

In general

(b)

Terms and conditions

(c)

Full faith and credit of the United States

(d)

Maximum guarantee

Under this section, the Secretary may—

(1)

guarantee the debentures issued by a rural business investment company only to the extent that the total face amount of outstanding guaranteed debentures of the rural business investment company does not exceed the lesser of—

(A)

300 percent of the private capital of the rural business investment company; or

(B)

$105,000,000; and

(2)

provide for the use of discounted debentures.

(Pub. L. 87–128, title III, § 384E, as added Pub. L. 107–171, title VI, § 6029, May 13, 2002, 116 Stat. 393.)

cite as: 7 USC 2009cc-4