Rural Electrification Administration Act Amendments of 1989

Summary

Rural Electrification Administration Act Amendments of 1989 - Amends the Rural Electrification Act of 1936 to create in the Rural Electrification Administration (REA) the position of Assistant Administrator for Economic Development to carry out programs concerning the involvement of rural electric and telephone systems in community and economic development. Creates a technical assistance unit within REA to advise borrowers concerning permitted community and economic development activities. Authorizes REA to make loans to borrowers to enable them to provide water and waste disposal services in their areas. Requires borrowers to obtain private sector funds to supplement such assistance if the funds are available at affordable rates. Permits REA interest rate adjustments in order to facilitate private financing. Sets fiscal year loan limits at the lesser of $40,000,000 or ten percent of the total amount of telephone and electrification loans in such year.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 17 May 1989

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.