948
PUBLIC LAWS-CH. 776-OCT. 28, 1949
[63 STAT.
[CHAPTER 776]
AN ACT
October 28, 1949
AN ACT
[H. R. 2960]
To amend the Rural Electrification Act to provide for rural telephones, and for
[Public Law 423]
other purposes.
Be it enacted by the Senate and House of Representatives of the
Rural Electrifica-
United States of America in Congress assembled, That it is hereby
amendments.
declared to be the policy of the Congress that adequate telephone
Telephones.
service be made generally available in rural areas through the im-
provement and expansion of existing telephone facilities and the
construction and operation of such additional facilities as are required
to assure the availability of adequate telephone service to the widest
practicable number of rural users of such service. In order to effectuate
49Sta. 1363 .9
this policy, the Rural Electrification Act of 1936 is amended as
7 U.s. c. §§ 901t-
914; Supp. II, §§ 903, hereinafter provided.
90.
SEC. 2. The Rural Electrification Act of 1936 is amended by insert-
ing at the beginning thereof the caption: "TITLE I".
49 Stat. 1363 .
SEC. 3. Section 2 of the Rural Electrification Act of 1936 is amended
by inserting after the word "service" the words "and for the purpose
of furnishing and improving telephone service in rural areas"; and
by inserting after the words "electrification of" the words "and the
furnishing of adequate telephone service in".
SEc. 4 . (a) Subsection (a) of section 3 of the Rural Electrification
49 Stat. 1364 .
Act of 1936 is amended by inserting after the words "or systems" the
7U.S. C., Supp. ii,
903 (a).
words "and for the purpose of financing the improvement, expansion,
construction, acquisition, and operation of facilities to render tele-
phone service".
7 U.t . c3.§ (c). (b) Subsection (c) of section 3 of the Rural Electrification Act of
1936 is amended by striking out the words "for the purposes of this
Act" and by inserting in lieu thereof the words "for loans for rural
electrification pursuant to sections 4 and 5 of this title".
7U. ..
(d).
(c) Subsection (d) of section 3 of the Rural Electrification Act
of 1936 is amended by inserting after the words "available for" the
words "rural electrification".
7 U.SC. 103 (e).
(d) Subsection (e) of section 3 of the Rural Electrification Act of
1936 is amended by inserting after the word "sums" in the proviso
the words "for rural electrification loans".
"49Stc'3t
p
13.
(e) Section 4 of the Rural Electrification Act of 1936 is amended
§ SM.
by inserting after the words "to make loans" the words "for rural
electrificat ion".
49 Stat. 1365,166.
(f) Sections 7 and 12 of the Rural Electrification Act of 1936 are
7U.S.C. §
A,
912.
amended by inserting after the words "section 4" wherever they
appear therein the words "or section 201".
479. 1363. 901
SEC. 5 . The Rural Electrification Act of 1936 is further amended
914; Supp. 1I,
903, by adding the following new title:
904.
"TITLE II
Loans.
"SEC. 201. From such sums as are from time to time made available
by the Congress to the Administrator for such purpose, pursuant to
49Stat 1364.
section 3 of the Rural Electrification Act of 1936, as amended, the
7u. S.C.§903;
Supp. I, §903.
Administrator is authorized and empowered to make loans to persons
Supra.
now providing or who may hereafter provide telephone service in
rural areas and to cooperative, nonprofit, limited dividend, or mutual
associations. Except as otherwise provided by this title, such loans
shall be made under the same terms and conditions as are provided
9Sat. 3c; supp. in section 4 of said Act, for the purpose of financing the improvement,
in, i 90.
expansion, construction, acquisition, and operation of telephone lines,
Supr.
facilities, or systems to furnish and improve telephone service in rural
�
