Rural Electrification Loan Reform Act of 1995

Summary

TABLE OF CONTENTS: Title I: Improvements to the Rural Electrification Loans Programs Title II: Preservation of Exclusive State Jurisdiction Over Retail Electric Service Territories Rural Electrification Loan Reform Act of 1995 - Title I: Improvements to the Rural Electrification Loan Programs - Amends the Rural Electrification Act of 1936 (Act) to repeal authority for: (1) Treasury loans; and (2) two-percent interest rate electric loans and electrical and plumbing equipment loans. (Sec. 108) Authorizes appropriations for administrative and certain publication and reporting requirements. Establishes fees for non-financial assistance and services provided under such Act. (Sec. 112) Reduces the maximum loan extension period. (Sec. 115) Limits authority to make, insure, and guarantee electric loans, including the imposition of a means-test and a loan graduation (to commercial sources) program. (Sec. 121) Authorizes the sharing or subordination of Government liens to assist borrower credit access. (Sec. 122) Repeals authority for: (1) refinancing of Federal financing bank loans; (2) special treatment of certain electric borrowers; (3) 30 percent limitation on required financing from other sources; (4) refinancing of certain rural development loans; (5) cushion of credit payments program; and (6) authorization of appropriations for electric hardship and electric municipal rate loans. Title II: Preservation of Exclusive State Jurisdiction Over Retail Electric Service Territories - Amends the Federal Power Act of 1935 to provide for exclusive State jurisdiction over allocation of retail electric service territories.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 June 1995

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• Introduced in House (PDF)

  Introduced in House · EN · 22 June 1995

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• Introduced in House

  summary · EN · 22 June 1995

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