§ 112.014. Refunding of bonds.

Latest version.

Sec. 14. If at any time it shall appear to the FmHA that the issuer is able to refund, upon call for redemption or with consent of the FmHA, the then outstanding bonds by obtaining a loan for such purposes from responsible cooperative or private credit sources, at reasonable rates and terms for loans for similar purposes and period of time, the issuer will, upon request of the government, apply for and accept such loan in sufficient amount to repay the government, and will take all such actions as may be required in connection with such loans.

                    
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