In addition to the loan extension authority provided in , the Secretary of Agriculture is authorized to adjust and readjust the schedules for payment of principal and interest on loans to borrowers under programs administered by the Secretary under the Rural Electrification Act of 1936 ( et seq.), and to extend the maturity date of any such loan to a date not beyond forty years from the date of such loan where he determines such action is necessary because of the impairment of the economic feasibility of the system, or the loss, destruction, or damage of the property of such borrowers as a result of a major disaster.
Structure US Code
CHAPTER 31— RURAL ELECTRIFICATION AND TELEPHONE SERVICE
SUBCHAPTER I— RURAL ELECTRIFICATION
§ 902. General authority of Secretary of Agriculture
§ 903. Authorization of appropriations
§ 904. Loans for electrical plants and transmission lines
§ 905. Fees for certain loan guarantees
§ 906. Funding for administrative expenses
§ 906a. Use of funds outside the United States or its territories prohibited
§ 907. Acquisition of property pledged for loans; disposition; sale of pledged property by borrower
§ 908. Limitations on use of assistance
§ 912. Extension of time for repayment of loans
§ 912a. Rescheduling and refinancing of loans
§ 915. Purchase of financial and credit reports
§ 917. Prohibition on restricting water and waste facility services to electric customers
§ 918b. Acquisition of existing systems in rural communities with high energy costs