(1) the interests of the Secretary are adequately protected by product warranties; or
(2) the costs or conditions associated with a bond exceed the benefit of the bond.
Structure US Code
CHAPTER 31— RURAL ELECTRIFICATION AND TELEPHONE SERVICE
SUBCHAPTER III— RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS
§ 930. Congressional declaration of policy
§ 931. Rural Electrification and Telephone Revolving Fund
§ 931a. Level of loan programs under Rural Electrification and Telephone Revolving Fund
§ 932. Liabilities and uses of Rural Electrification and Telephone Revolving Fund
§ 933. Moneys in the Rural Electrification and Telephone Revolving Fund
§ 935. Insured loans; interest rates and lending levels
§ 936b. Sale or prepayment of direct or insured loans
§ 936c. Refinancing and prepayment of FFB loans
§ 936d. Eligibility of distribution borrowers for loans, loan guarantees, and lien accommodations
§ 936e. Administrative prohibitions applicable to certain electric borrowers
§ 936f. Substantially underserved trust areas
§ 937. Loans from other credit sources
§ 938. Full faith and credit of the United States
§ 939. Loan terms and conditions
§ 940. Refinancing of rural development loans
§ 940c. Cushion of credit payments program
§ 940c–1. Guarantees for bonds and notes issued for electrification or telephone purposes
§ 940c–2. Rural development loans and grants
§ 940e. Expansion of 911 access
§ 940f. Extension of period of existing guarantee