On and after , notwithstanding any other provision of law, the Secretary of Agriculture, acting through the Administrator of the Rural Utilities Service shall use the authorities provided in the Rural Electrification Act of 1936 [ et seq.] to finance the acquisition of existing generation, transmission and distribution systems and facilities serving high cost, predominantly rural areas by entities capable of and dedicated to providing or improving service in such areas in an efficient and cost effective manner.
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