Rural Electrification Administration Technical Amendments

Summary

Rural Electrification Administration Technical Amendments - Amends the Rural Electrification Act of 1936 to stipulate that the unobligated balance of funds made available for loans by the Rural Electrification Administration shall become part of the Rural Electrification and Telephone Revolving Fund. Revises criteria for issuance of loans at the special rate of two percent by the Administration by deleting reference to the factor of average gross revenue per mile of the REA-financed electric system, under which a borrower previously could automatically qualify for such special rate. Revises criteria for issuance of loans by the Rural Telephone Bank to authorize the Telephone Bank Board to lower as well as revise net income production requirements in terms of stated percentage of interest on loans.

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1 official file

• Introduced in House

  summary · EN · 1 March 1976

  Open at official source

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