Provides, under the Rural Electrification Act, that guaranteed government loans, including the related guarantee, may be assigned to the extent provided in the contract of guarantee executed by the Administrator of the Rural Electrification Administration under such Act. States that the assignability of such loan and guarantee shall be governed exclusively by the contract of guarantee.
Requires that the Secretary of Agriculture testify annually before the House Committee on Agriculture and the Senate Committee on Agriculture and Forestry and provide justification in detail of the amount requested in the budget to be appropriated for the next fiscal year for the purpose of administering the Rural Electrification Act.
Measure considered in House.
Passed/agreed to in House: Measure passed House, amended.
Measure passed House, amended.
Referred to Senate Committee on Agriculture and Forestry.
Reported to Senate from the Committee on Agriculture and Forestry with amendment, S. Rept. 94-424.
Reported to Senate from the Committee on Agriculture and Forestry with amendment, S. Rept. 94-424.
Call of calendar in Senate.
Measure considered in Senate.
Passed/agreed to in Senate: Measure passed Senate, amended.
Measure passed Senate, amended.
Resolving differences -- House actions: House agreed to Senate amendment.
House agreed to Senate amendment.
Measure enrolled in House.
Measure enrolled in Senate.
Measure presented to President.
Measure presented to President.
Signed by President.
Signed by President.
Public law 94-124.
Public law 94-124.
Enacted as Public Law 94-124
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