7 U.S. Code §950aaa-1. Definitions

Section Text

In this chapter:

(1) Construct

The term "construct" means to construct, acquire, install, improve, or extend a facility or system.

(2) Cost of money loan

The term "cost of money loan" means a loan made under this chapter bearing interest at a rate equal to the then current cost to the Federal Government of loans of similar maturity.

(3) Secretary

The term "Secretary" means the Secretary of Agriculture.

(4) Rural area

The term "rural area" has the meaning given the term in section 950bb(b)(3) of this title.

Editorial Notes

Termination of Section For termination of section by section 1(b) of Pub. L. 102–551, see Termination of Chapter note set out under section 950aaa of this title.PRIOR PROVISIONS A prior section 950aaa–1, Pub. L. 101–624, title XXIII, §2332, Nov. 28, 1990, 104 Stat. 4017; Pub. L. 102–237, title VII, §702(g), Dec. 13, 1991, 105 Stat. 1880, provided goal of Federal Government to make affordable advanced telecommunications available to rural residents, prior to the general amendment of this chapter by Pub. L. 104–127.AMENDMENTS 2018—Par. (4). Pub. L. 115–334 added par. (4).


7 U.S.C. § 950aaa-1 (2018)