7 U.S.C. § 936d — Eligibility of distribution borrowers for loans, loan guarantees, and lien accommodations

For the purpose of determining the eligibility of a distribution borrower not in default on the repayment of a loan made or guaranteed under this chapter for a loan, loan guarantee, or lien accommodation under this subchapter, a default by a borrower from which the distribution borrower purchases wholesale power shall not— (1) be considered a default by the distribution borrower; (2) reduce the eligibility of the distribution borrower for assistance under this chapter; or (3) be the cause, directly or indirectly, of imposing any requirement or restriction on the borrower as a condition of the assistance, except such requirements or restrictions as are necessary to implement a debt restructuring agreed on by the power supply borrower and the Government. (May 20, 1936, ch. 432, title III, § 306D, as added Pub. L. 103–129, § 2(c)(7) , Nov. 1, 1993 , 107 Stat. 1364 .) CFR Title Parts 7 1786 , 1787

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