941Telephone Bank942General powers943Special provisions governing telephone bank as a Federal agency until conversion of ownership, control, and operation941 to 950bRepealed. Pub. L. 115–334, title VI, § 6602(a), (b)(15), Dec. 20, 2018, 132 Stat. 4776, 4777Repealed944Governor of telephone bank; functions, powers, and duties944aPublication of rural telephone bank policies and regulations945Board of directors946Capitalization947Borrowing power; telephone debentures; issuance; interest rates; terms and conditions; ratio to paid-in capital and retained earnings; investments in debentures; debentures as security; purchase and sale of debentures by the Secretary of the Treasury; treatment as public debt transactions of the United States; exclusion of transactions from budget totals948Lending power949Telephone bank receipts; availability for obligations and expenditures950Conversion of ownership, control, and operation of telephone bank950aLiquidation or dissolution of telephone bank950bBorrower net worth