7 U.S. Code § 905

7 U.S. Code § 905 is about Fees for certain loan guarantees. It is under Subchapter I (Rural Electrification) of Chapter 31 (Rural Electrification And Telephone Service) of Title 7 (Agriculture) of the Code.

(a)In general
For electrification baseload generation loan guarantees, the Secretary shall, at the request of the borrower, charge an upfront fee to cover the costs of the loan guarantee.

(b)Fee
The fee described in subsection (a) for a loan guarantee shall be equal to the costs of the loan guarantee (within the meaning of section 661a(5)(C) of title 2).

(c)Limitation
Funds received from a borrower to pay the fee described in this section shall not be derived from a loan or other debt obligation that is made or guaranteed by the Federal Government.