Federal · Title 7 — Agriculture
7 U.S.C. § 2009cc: Debentures
Read the full statutory text
The Secretary may guarantee the timely payment of principal and interest, as scheduled, on debentures issued by any rural business investment company. The Secretary may make guarantees under this section on such terms and conditions as the Secretary considers appropriate, except that the term of any debenture guaranteed under this section shall not exceed 15 years. Section 2009g(i) of this title shall apply to any guarantee under this section. 300 percent of the private capital of the rural business investment company; or $105,000,000; and provide for the use of discounted debentures.
Verify at the official source: Federal legislative text
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.