Sec. 301. Rural Electrification and Telephone Revolving Fund
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## Sec. 301 Rural Electrification and Telephone Revolving Fund **[**[7 U.S.C. 931](/us/usc/t7/s931)**]** There is hereby established in the Treasury of the United States a fund, to be known as the Rural Electrification and Telephone Revolving Fund (hereinafter referred to as the “Fund”), consisting of: ####
(1)all notes, bonds, obligations, liens, mortgages, and property delivered or assigned to the Secretary pursuant to loans heretofore or hereafter made under sections 4, 5, and 201 of this Act and under this title, as of the effective date of this title, as revised herein, and all proceeds from the sales hereunder of such notes, bonds, obligations, liens, mortgages, and property, which shall be transferred to and be assets of the fund; ####
(2)undisbursed balances of electric and telephone loans made under sections 4, 5, and 201, which as of the effective date of this title, as revised herein, shall be transferred to and be assets of the fund; ####
(3)all collections of principal and interest received on and after July 1, 1972, on notes, bonds, judgments, or other obligations made or held under titles I and II of this Act and under this title, which shall be paid into and be assets of the fund; ####
(4)all appropriations for interest subsidies and losses required under this title which may hereafter be made by the Congress and the unobliged balances of any funds made available for loans under the item “Rural Electrification Administration” in the Department of Agriculture and Agriculture-Environmental and Consumer Protection Appropriations Acts; or ####
(5)moneys borrowed from the Secretary of the Treasury pursuant to section 304(a).
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Sec. 301
Rural Electrification and Telephone Revolving Fund
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