Sec. 6010. Rural business and industry loan program
143 words·~1 min read·
/bill/113/hr/2642/eah/section-6010A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 310B(a)(2)(A) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1932(a)(2)(A) ) is amended by inserting including working capital after employment . Section 310B(g)(7) of such Act ( 7 U.S.C. 1932(g)(7) ) is amended by adding at the end the following: In the discretion of the Secretary, if the Secretary determines that the action would not create or otherwise contribute to an unreasonable risk of default or loss to the Federal Government, the Secretary may take account receivables as security for the obligations entered into in connection with loans and a borrower may use account receivables as collateral to secure a loan made or guaranteed under this subsection. .
Not later than 6 months after the date of the enactment of this Act, the Secretary shall promulgate such regulations as are necessary to implement the amendments made by this section.
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 6010
Rural business and industry loan program
Cites 1Cited by 0 across 0 sources