§ 2009cc–4. Debentures
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/usc/title-7/section-2009cc-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary may guarantee the timely payment of principal and interest, as scheduled, on debentures issued by any rural business investment company. The Secretary may make guarantees under this section on such terms and conditions as the Secretary considers appropriate, except that the term of any debenture guaranteed under this section shall not exceed 15 years. Section 2009g(i) of this title shall apply to any guarantee under this section. Under this section, the Secretary may— guarantee the debentures issued by a rural business investment company only to the extent that the total face amount of outstanding guaranteed debentures of the rural business investment company does not exceed the lesser of— 300 percent of the private capital of the rural business investment company; or $105,000,000; and provide for the use of discounted debentures.
( Pub. L. 87–128, title III, § 384E , as added Pub. L. 107–171, title VI, § 6029 , May 13, 2002 , 116 Stat. 393 .)
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- Pub. L. 87-128
- Pub. L. 107-171
- 116 Stat. 393
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§ 2009cc–4
Debentures
Stat.×1
Pub. L.Pub. L. 87-128
Pub. L.Pub. L. 107-171
Stat.116 Stat. 393
Cites 3Cited by 1 across 1 source