Title 7 — AgricultureRelease 119-73
§2009cc–4 Debentures
Title 7 › Chapter CHAPTER 50— - AGRICULTURAL CREDIT › Subchapter SUBCHAPTER VIII— - RURAL BUSINESS INVESTMENT PROGRAM › § 2009cc–4
Summary
The Secretary may guarantee that a rural business investment company’s debentures will pay principal and interest on schedule. The Secretary can set the terms, but no guaranteed debenture may have a term longer than 15 years. The rules in section 2009g(i) apply. A company’s outstanding guaranteed debentures cannot exceed the lesser of 300 percent of its private capital or $105,000,000 in face amount. The Secretary may also allow discounted debentures.
Full Legal Text
Title 7, §2009cc–4
Agriculture — Source: USLM XML via OLRC
(a)The Secretary may guarantee the timely payment of principal and interest, as scheduled, on debentures issued by any rural business investment company.
(b)The Secretary may make guarantees under this section on such terms and conditions as the Secretary considers appropriate, except that the term of any debenture guaranteed under this section shall not exceed 15 years.
(c)section 2009g(i) of this title shall apply to any guarantee under this section.
(d)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.
Reference
Citations & Metadata
Citation
7 U.S.C. § 2009cc–4
Title 7 — Agriculture
Last Updated
Apr 6, 2026
Release point: 119-73