It is hereby declared to be the policy of the Congress that the Rural Telephone Bank should have the capability of obtaining adequate funds for its supplementary financing program at the lowest possible costs. In order to effectuate this policy, it will be necessary to expand the market for debentures to be issued by the Telephone Bank.
The last sentence of section 1 ofPub. L. 92–324provided that: “The Rural Electrification Act of 1936, as amended (7 U.S.C. 901–950(b)), is therefore further amended as hereinafter provided.”
Section was not enacted as part of the title II of the Rural Electrification Act of 1936 which comprises this subchapter.
Section 4 ofPub. L. 92–324provided that: “This Act [enacting this section and amending section
947 of this title] shall take effect upon enactment [June 30, 1972].”
Reservation of Right To Repeal, Alter, or Amend Pub. L. 92–324
Section 3 ofPub. L. 92–324provided that: “The right to repeal, alter, or amend this Act [enacting this section and amending section
947 of this title] is expressly reserved.”
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.