7 U.S.C. § 1936a — Use of rural development loans and grants for other purposes
submitted 24 years ago by Pub. L. 87-128 to r/title-7-AGRICULTURE · 146 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
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)—
will be carried out in the same area as the original project or activity;
meets the criteria for a loan or a grant described in section 2009d(d) of this title; and
satisfies such additional requirements as are established by the Secretary.
Source credit: (Pub. L. 87–128, title III, § 310G, as added Pub. L. 107–171, title VI, § 6018, May 13, 2002, 116 Stat. 361.)
- 2002Enacted · Pub. L. 87-128 · 116 Stat. 361
A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-128 on 2002-05-13.
all 0 arguments · sorted by: best
no arguments yet — make the first case