U.S. Code > Title 7 Agriculture > CHAPTER 31—RURAL ELECTRIFICATION AND TELEPHONE SERVICE (§§ 901—950bb1) > SUBCHAPTER III—RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS (§§ 930—940h) > § 940d. Limitations on authorization of appropriations

§ 940d. Limitations on authorization of appropriations

(a) “Adjustment percentage” defined
As used in this section, the term “adjustment percentage” means, with respect to a fiscal year, the percentage (if any) by which—
(1) the average of the Consumer Price Index (as defined in section 1 (f)(5) of title 26) for the 1-year period ending on July 31 of the immediately preceding fiscal year; exceeds
(2) the average of the Consumer Price Index (as so defined) for the 1-year period ending on July 31, 1993.
(b) Fiscal years 1994 through 1998
In the case of each of fiscal years 1994 through 1998, there are authorized to be appropriated to the Secretary such sums as may be necessary for the cost of loans in the following amounts, for the following purposes:
(1) Electric hardship loans
For loans under section 935 (c)(1) of this title—
(A) for fiscal year 1994, $125,000,000; and
(B) for each of fiscal years 1995 through 1998, $125,000,000, increased by the adjustment percentage for the fiscal year.
(2) Electric municipal rate loans
For loans under section 935 (c)(2) of this title—
(A) for fiscal year 1994, $600,000,000; and
(B) for each of fiscal years 1995 through 1998, $600,000,000, increased by the adjustment percentage for the fiscal year.
(3) Telephone hardship loans
For loans under section 935 (d)(1) of this title—
(A) for fiscal year 1994, $125,000,000; and
(B) for each of fiscal years 1995 through 1998, $125,000,000, increased by the adjustment percentage for the fiscal year.
(4) Telephone cost-of-money loans
For loans under section 935 (d)(2) of this title—
(A) for fiscal year 1994, $198,000,000; and
(B) for each of fiscal years 1995 through 1998, $198,000,000, increased by the adjustment percentage for the fiscal year.
(c) Funding levels
The Secretary shall make insured loans under this subchapter for the purposes, in the amounts, and for the periods of time specified in subsection (b) of this section, as provided in advance in appropriations Acts.
(d) Availability of funds for insured loans
Amounts made available for loans under section 935 of this title are authorized to remain available until expended.