[Code of Federal Regulations]
[Title 7, Volume 11]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1610.9]

[Page 12-13]
 
                          TITLE 7--AGRICULTURE
 
      CHAPTER XVI--RURAL TELEPHONE BANK, DEPARTMENT OF AGRICULTURE
 
PART 1610--LOAN POLICIES--Table of Contents
 
Sec. 1610.9  Class B stock.

    Borrowers receiving loans from the Bank shall be required to invest 
in class B stock at 5 percent of the total amount of loan funds 
advanced. Borrowers may purchase class B stock by:
    (1) Paying an amount (using their own general funds) equal to 5 
percent of the amount, exclusive of the amount for class B stock, of 
each loan advance, at the time of such advance; or
    (2) Requesting that funds for the purchase of class B stock be 
included in the loan. If funds for class B stock are included in a loan, 
the funds for class B stock shall be advanced in an amount

[[Page 13]]

equal to 5 percent of the amount, exclusive of the amount for class B 
stock, of each loan fund advance, at the time of such advance.

[56 FR 26596, June 10, 1991]