---
kind: "unit"
title: "7"
title_heading: "Agriculture"
key: "ch31/schIII"
level: "subchapter"
label: "Subchapter III"
heading: "Rural Electric and Telephone Direct Loan Programs"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/7/ch31-schIII"
sections_count: 29
---

# Subchapter III — Rural Electric and Telephone Direct Loan Programs

Title 7 — Agriculture › Chapter 31 — Rural Electrification and Telephone Service

## Sections

- [§930. Congressional declaration of policy](/usc/7/930.md)
- [§931. Rural Electrification and Telephone Revolving Fund](/usc/7/931.md)
- [§931a. Level of loan programs under Rural Electrification and Telephone Revolving Fund](/usc/7/931a.md)
- [§932. Liabilities and uses of Rural Electrification and Telephone Revolving Fund](/usc/7/932.md)
- [§933. Moneys in the Rural Electrification and Telephone Revolving Fund](/usc/7/933.md)
- [§934. Authorized financial transactions; interim notes; purchase of obligations for resale; sale of notes and certificates; liens](/usc/7/934.md)
- [§935. Insured loans; interest rates and lending levels](/usc/7/935.md)
- [§936. Guaranteed loans; accommodations and subordination of liens; interest rates; assignability of guaranteed loans and related guarantees](/usc/7/936.md)
- [§936a. Prepayment of loans](/usc/7/936a.md)
- [§936b. Sale or prepayment of direct or insured loans](/usc/7/936b.md)
- [§936c. Refinancing and prepayment of FFB loans](/usc/7/936c.md)
- [§936d. Eligibility of distribution borrowers for loans, loan guarantees, and lien accommodations](/usc/7/936d.md)
- [§936e. Administrative prohibitions applicable to certain electric borrowers](/usc/7/936e.md)
- [§936f. Substantially underserved trust areas](/usc/7/936f.md)
- [§937. Loans from other credit sources](/usc/7/937.md)
- [§938. Full faith and credit of the United States](/usc/7/938.md)
- [§939. Loan terms and conditions](/usc/7/939.md)
- [§940. Refinancing of rural development loans](/usc/7/940.md)
- [§940a. Repealed.](/usc/7/940a.md)
- [§940b. Use of funds](/usc/7/940b.md)
- [§940c. Cushion of credit payments program](/usc/7/940c.md)
- [§940c–1. Guarantees for bonds and notes issued for electrification or telephone purposes](/usc/7/940c-1.md)
- [§940c–2. Rural development loans and grants](/usc/7/940c-2.md)
- [§940d. Repealed.](/usc/7/940d.md)
- [§940e. Expansion of 911 access](/usc/7/940e.md)
- [§940f. Extension of period of existing guarantee](/usc/7/940f.md)
- [§940g. Electric loans for renewable energy](/usc/7/940g.md)
- [§940h. Bonding requirements](/usc/7/940h.md)
- [§940i. Cybersecurity and grid security improvements](/usc/7/940i.md)