Us Code § 1936a - Use of rural development loans and grants for other purposes
Full text of Us Code United States Code § 1936a — Use of rural development loans and grants for other purposes, with citation guidance and answers to common questions.
§ 1936a. Use of rural development loans and grants for other purposes
If, after making a loan or a grant described in section 2009d(d) of this title, the Secretary determines that the circumstances under which the loan or grant was made have sufficiently changed to make the project or activity for which the loan or grant was made available no longer appropriate, the Secretary may allow the loan borrower or grant recipient to use property (real and personal) purchased or improved with the loan or grant funds, or proceeds from the sale of property (real and personal) purchased with such funds, for another project or activity that (as determined by the Secretary)—
(1) will be carried out in the same area as the original project or activity;
(2) meets the criteria for a loan or a grant described in section 2009d(d) of this title; and
(3) satisfies such additional requirements as are established by the Secretary.
(Pub. L. 87–128, title III, §310G, as added Pub. L. 107–171, title VI, §6018, May 13, 2002, 116 Stat. 361.)
About This Section
7 U.S.C. § 1936a is part of Title 7 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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