Page:United States Statutes at Large Volume 107 Part 2.djvu/410

 107 STAT. 1362 PUBLIC LAW 103-129—NOV. 1, 1993 (iii) by adding at the end the following new paragraphs: "(9) On request of any applicant for a loan under this section during any fiscal year, the Governor of the telephone bank shall— "(A) consider the application to be for a loan under this section and a loan under section 305(d)(2); and "(B) if the applicant is eligible for a loan, make a loan to the applicant under this section in an amount equal to the amount that bears the same ratio to the total amount of loans for which the applicant is eligible under this section and under section 305(d)(2), as the amount made available for loans under this section for the fiscal year bears to the total amount made available for loans under this section and under section 305(d)(2) for the fiscal year. "(10) On request of any applicant who is eligible for a loan under this section for which funds are not available, the applicant shall be considered to have applied for a loan under section 305(d)(2).''; and (C) by adding at the end the following new subsection: "(e) Loans and advances made under this section on or after November 5, 1990, shall bear interest at a rate determined under this section, taking into account all assets and liabilities of the telephone bank. This subsection shall not apply to loans obligated before the date of enactment of this subsection. Funds are not authorized to be appropriated to carry out this subsection until the funds are appropriated in advance to carry out this subsection.". (b) FUNDING. — (1) LIMITATIONS ON AUTHORIZATION OF APPROPRIATIONS.— Section 314 of such Act (7 U.S.C. 940d) is amended to read as follows: 'SEC. 314. LIMITATIONS ON AUTHORIZATION OF APPROPRIATIONS. "(a) DEFINITION OF ADJUSTMENT PERCENTAGE. —AS used in this section, the term 'adjustment percentage' means, with respect to a fiscal year, the percentage (if any) by which— "(1) the average of the Consumer Price Index (as defined in section 1(f)(5) of the Internal Revenue Code of 1986) for the 1-year period ending on July 31 of the immediately preceding fiscal year; exceeds "(2) the average of the Consumer Price Index (as so defined) for the 1-year period ending on July 31, 1993. "(b) FISCAL YEARS 1994 'niROUGH 1998.— In the case of each of fiscal years 1994 through 1998, there are authorized to be appropriated to the Administrator such sums as may be necessary for the cost of loans in the following amounts, for the following purposes: "(1) ELECTRICHARDSHIP LOANS. —For loans under section 305(CX1)— "(A) for fiscal year 1994, $125,000,000; and "(B) for each of fiscal years 1995 through 1998, $125,000,000, increased by the adjustment percentage for the fiscal year. "(2) ELECTRIC MUNICIPAL RATE LOANS. —For loans under section 305(c)(2)— "(A) for fiscal year 1994, $600,000,000; and

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