LOANS FOR ELECTRICAL AND PLUMBING EQUIPMENT.

SEC. 774. LOANS FOR ELECTRICAL AND PLUMBING EQUIPMENT. (a) In General.— Section 5 of the Rural Electrification Act of 1936 (7 U.S.C. 905) is repealed. (b) Conforming Amendments.—Section 12(a) of the Rural Electrification Act of 1936 (7 U.S.C. 912(a)) is amended— (1) by striking “: Provided, however, That” and inserting “, except that,”; and (2) by striking “, and with respect to any loan made under section 5,” and all that follows through “section 3”.