§1785.68. RUS cushion of credit payment accounts.
7 C.F.R. § 1785.68
Effective December 20, 2018, no new cushion of credit accounts may be established. Deposits remaining in the cushion of credit accounts will bear an interest rate equal to the one-year Treasury interest rate in effect on October 1st for each year thereafter.
Notes, amendments, and revision history
Amendments
[87 FR 74502, Dec. 6, 2022]
Source
Source: 54 FR 13669, Apr. 5, 1989, unless otherwise noted.
Authority
Authority: 7 U.S.C. 901 et seq.; Title I, Subtitle D, sec. 1403, Omnibus Budget Reconciliation Act of 1987, Pub. L. 100-203; Pub. L. 103-354, 108 Stat. 3178 (7 U.S.C. 6941 et seq. ).
Amendments
[87 FR 74502, Dec. 6, 2022]