§ 936d. Eligibility of distribution borrowers for loans, loan guarantees, and lien accommodations
142 words·~1 min read·
/usc/title-7/section-936dA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purpose of determining the eligibility of a distribution borrower not in default on the repayment of a loan made or guaranteed under this chapter for a loan, loan guarantee, or lien accommodation under this subchapter, a default by a borrower from which the distribution borrower purchases wholesale power shall not—
(1)be considered a default by the distribution borrower;
(2)reduce the eligibility of the distribution borrower for assistance under this chapter; or
(3)be the cause, directly or indirectly, of imposing any requirement or restriction on the borrower as a condition of the assistance, except such requirements or restrictions as are necessary to implement a debt restructuring agreed on by the power supply borrower and the Government.
(May 20, 1936, ch. 432, title III, § 306D, as added Pub. L. 103–129, § 2(c)(7), Nov. 1, 1993, 107 Stat. 1364.)
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- May 20, 1936, ch. 432
- Pub. L. 103–129, § 2(c)(7)
- 107 Stat. 1364
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§ 936d
Eligibility of distribution borrowers for loans, loan guarantees, and lien accommodations
Stat. Comp.×1
ActMay 20, 1936, ch. 432
Pub. L.Pub. L. 103–129, § 2(c)(7)
Stat.107 Stat. 1364
Cites 3Cited by 1 across 1 source