Us Code § 928 - Prompt processing of telephone loans
Full text of Us Code United States Code § 928 — Prompt processing of telephone loans, with citation guidance and answers to common questions.
§ 928. Prompt processing of telephone loans
Within ten days after the end of the second and fourth calendar quarters of each year, the Secretary shall submit to the Committee on Agriculture and the Committee on Appropriations of the House of Representatives, and to the Committee on Agriculture, Nutrition, and Forestry and the Committee on Appropriations of the Senate, a report—
(1) identifying each completed application for a telephone loan under section 935 of this title or a guarantee of a telephone loan under section 936 of this title that has not been finally acted upon within ninety days after the date the completed application is submitted; and
(2) stating the reasons for the failure to finally act upon the completed applications within such ninety-day period.
(May 20, 1936, ch. 432, title II, §207, as added Pub. L. 101–624, title XXIII, §2358, Nov. 28, 1990, 104 Stat. 4041; amended Pub. L. 103–354, title II, §235(a)(13), Oct. 13, 1994, 108 Stat. 3221; Pub. L. 115–334, title VI, §6602(b)(6), Dec. 20, 2018, 132 Stat. 4776.)
Editorial Notes
Amendments
2018—Par. (1). Pub. L. 115–334 substituted "935 of this title or" for "935 of this title," and struck out ", or a loan under section 948 of this title," after "a telephone loan under section 936 of this title".
1994—Pub. L. 103–354 substituted "Secretary" for "Administrator".
SUBCHAPTER III—RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS
About This Section
7 U.S.C. § 928 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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