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7 U.S. Code § 2009g

Guarantee and commitment to guarantee loans

7 U.S. Code § 2009g. Guarantee and commitment to guarantee loans

(a) “Eligible public entity” defined
In this section, the term “eligible public entity” means any unit of general local government.
(b) Guarantee and commitment
The Secretary, on such terms and conditions as the Secretary may prescribe, may guarantee and make commitments to guarantee notes or other obligations issued by eligible public entities, or by public agencies designated by the eligible public entities, for the purposes of financing rural development activities authorized and funded under section 2009f of this title.
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