7 USC § 930 - Congressional declaration of policy

---
identifier: "/us/usc/t7/s930"
source: "usc"
legal_status: "official_prima_facie"
title: "7 USC § 930 - Congressional declaration of policy"
title_number: 7
title_name: "AGRICULTURE"
section_number: "930"
section_name: "Congressional declaration of policy"
chapter_number: 31
chapter_name: "RURAL ELECTRIFICATION AND TELEPHONE SERVICE"
subchapter_number: "III"
subchapter_name: "RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 93–32, § 1, May 11, 1973, 87 Stat. 65.)"
---


# § 930. Congressional declaration of policy

7 U.S.C. 901

It is hereby declared to be the policy of the Congress that adequate funds should be made available to rural electric and telephone systems through direct, insured and guaranteed loans at interest rates which will allow them to achieve the objectives of the Rural Electrification Act of 1936, as amended [ et seq.], and that such rural electric and telephone systems should be encouraged and assisted to develop their resources and ability to achieve the financial strength needed to enable them to satisfy their credit needs from their own financial organizations and other sources at reasonable rates and terms consistent with the loan applicant’s ability to pay and achievement of the Act’s objectives.

---

**Source Credit**: (Pub. L. 93–32, § 1, May 11, 1973, 87 Stat. 65.)

## Editorial Notes

### References in Text

The Rural Electrification Act of 1936 and the Act, referred to in text, are , , which is classified generally to this chapter. For complete classification of this Act to the Code, see  and Tables.

### Codification

> “The Rural Electrification Act of 1936, as amended (
> 
> ), is therefore further amended as hereinafter provided.”

Section is comprised of the first sentence of . The last sentence of  provided that:

Section was not enacted as part of the Rural Electrification Act of 1936 which comprises this chapter.

## Statutory Notes and Related Subsidiaries

### Effective Date

> “This Act [enacting sections 906a, 930, and 933 to 940 of this title, amending sections 903, 931, 932, 945, 946, 947, and 948 of this title, and enacting provisions set out as notes under this section] shall take effect upon enactment [
> 
> ].”

, , , provided that:

### Reservation of Right To Repeal, Alter, or Amend Pub. L. 93–32

> “The right to repeal, alter, or amend, this Act [enacting sections 906a, 930, and 933 to 940 of this title, amending sections 903, 931, 932, 945, 946, 947, and 948 of this title, and enacting provisions set out as notes under this section] is expressly reserved.”

, , , provided that: