§903 Authorization of appropriations

1996—Pub. L. 104–127 amended section generally, inserting section catchline and substituting current provisions for provisions relating to funds of Secretary, including provisions for loans by Secretary of the Treasury, authorization of appropriations, allotment of funds for loans in States, loans of unallotted funds, and unexpended funds and limitation on use. 1994—Pub. L. 103–354 substituted “Secretary” for “Administrator, upon the request and approval of the Secretary of Agriculture,” and for “Administrator appointed pursuant to the provisions of this chapter or from the Administrator of the Rural Electrification Administration established by Executive Order Numbered 7037” in first sentence of subsec. (a) and substituted “Secretary” for “Administrator” wherever appearing. 1973—Subsec. (f). Pub. L. 93–32 struck out subsec. (f) which made provision for the disposition of payments on loans that had been made by the Administrator. 1971—Subsec. (f). Pub. L. 92–12 inserted introductory text “Except as otherwise provided in section 931 and 946(a) of this title”. 1955—Subsec. (c). Act

June 15, 1955, reduced the funds which may be allotted for loans from fifty to twenty-five per centum of the available or appropriated sum, and inserted two provisos. Subsec. (d). Act

June 15, 1955, substituted “75 per centum” for “50 per centum”, and “25 per centum” for “10 per centum”. Subsec. (e). Act

June 15, 1955, substituted “25 per centum” for “10 per centum”. 1949—Act Oct. 28, 1949, § 2, inserted “title I,” in credit of act

May 20, 1936. Subsec. (a). Act Oct. 28, 1949, § 4(a), authorized loans for financing facilities to render telephone service. Subsec. (c). Act Oct. 28, 1949, § 4(b), substituted “for loans for rural electrification pursuant to section 904 and 905 of this title” for “for the purposes of this chapter”. Subsec. (d). Act Oct. 28, 1949, § 4(c), inserted “rural electrification” after “available for”. Subsec. (e). Act Oct. 28, 1949, § 4(d), inserted “for rural electrification loans” after “sums” in proviso. 1947—Subsec. (a). Act

July 30, 1947, amended subsec. (a) generally, and among other things transferred from the Re

Finance Corporation is hereby authorized and directed to make loans to the Administrator, upon his request approved by the President, not exceeding in aggregate amounts $50,000,000 for the fiscal year ending

June 30, 1937, and $100,000,000 for the fiscal year ending

June 30, 1939, with interest at 3 per centum per annum” and inserted in lieu thereof “The Re

Finance Corporation to the Administrator after

June 30, 1939”, and changed colon to period after “territories”. 1938—Subsecs. (a), (e). Act

June 21, 1938, inserted “and $100,000,000 for the fiscal year ending

June 30, 1939” after “

June 30, 1937,” in subsec. (a), and substituted “

June 30, 1939” for “

June 30, 1937” in subsec. (e).

note under section 931 of this title. Restrictions on BorrowerAct

June 21, 1938, ch. 554, title IV, § 401, 52 Stat. 818, as amended by Pub. L. 103–182, title III, § 381(d), Dec. 8, 1993, 107 Stat. 2129; Pub. L. 103–354, title II, § 235(b)(3), Oct. 13, 1994, 108 Stat. 3221; Pub. L. 103–465, title III, § 342(g), Dec. 8, 1994, 108 Stat. 4954, in addition to amending subsecs. (a) and (e), provided in part as follows: “In making loans pursuant to this title [title IV of such act] and pursuant to the Rural Electrification Act of 1936 [this chapter], the Secretary of Agriculture shall require that, to the extent practicable and the cost of which is not unreasonable, the borrower agree to use in connection with the expenditure of such funds only such unmanufactured articles, materials, and supplies, as have been mined or produced in the United States or in any eligible country, and only such manufactured articles, materials, and supplies as have been manufactured in the United States or in any eligible country substantially all from articles, materials, or supplies mined, produced, or manufactured, as the case may be, in the United States or in any eligible country. For purposes of this section, an ‘eligible country’ is any country that applies with respect to the United States an agreement ensuring reciprocal access for United States products and services and United States suppliers to the markets of that country, as determined by the United States Trade Representative.” [Amendment by section 342(g) of Pub. L. 103–465 to section 401 of act

June 21, 1938, set out above, effective on the date on which the WTO Agreement enters into force with respect to the United States (Jan. 1, 1995), see section 344(b) of Pub. L. 103–465, set out as an