§ 925.
Loan feasibility
The Secretary and the Governor of the telephone bank may not, as a condition of making a telephone loan to an applicant therefor, require the applicant to—
(1)
increase the rates charged to the applicant’s customers or subscribers; or
(2)
increase the applicant’s ratio of—
(A)
net income or margins before interest; to
(B)
the interest requirements on all of the applicant’s outstanding and proposed loans.
Source
(May 20, 1936, ch. 432, title II, § 204, as added Pub. L. 101–624, title XXIII, § 2355,Nov. 28, 1990
, 104 Stat. 4039; amended Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994
, 108 Stat. 3221.)Notes
Amendments
1994—Pub. L. 103–354 substituted “Secretary” for “Administrator”.