Rural Electrification and Telephone Revolving Fund Self-Sufficiency Act of 1984

openUnited States· United States Congress· EN

Introduced

17 May 1983

Last action

29 June 1984 · Reported

Status

Placed on Senate Legislative Calendar under General Orders. Calendar No. 1044.

Summary

Rural Electrification and Telephone Revolving Fund Self-Sufficiency Act of 1983 - Amends the Rural Electrification Act of 1936 (REA) to eliminate the requirement for a State certificate of convenience and necessity before the Administrator may make loans to provide rural telephone service. Revises the liabilities and uses of the Rural Electrification and Telephone Revolving Fund established under the REA to provide that notes of the Administrator to the Secretary of the Treasury to obtain funds for loans shall be equity capital of the Fund. States that assets of the Fund shall be available only for: (1) payment of interest and principal on loans to the Administrator from the Secretary; and (2) for certificates of beneficial ownership issued to the Secretary or in the private market. Requires the Administrator to maintain two separate accounts within the Fund: (1) the Electrification Account; and (2) the Telephone Account. Lists the items that shall be accounted for in each Account respectively, and restricts the purposes for which the assets of each Account shall be available. Authorizes the Administrator to repurchase specified certificates of beneficial ownership under certain conditions affecting their interest rates. Establishes guidelines for interest-bearing insured loans made by the Administrator to electric and telephone borrowers. Requires the Secretary of Agriculture to request in each annual supplemental budgets estimate the amount needed to replenish the Fund for anticipated and actual costs resulting from loans made at less than a specified rate during the preceding fiscal year. Directs the Administrator to guarantee loans to specified borrowers or to accommodate or subordinate liens or mortgages held in the Fund, according to prescribed rules and regulations. Directs the Administrator to promulgate such rules and regulations within ninety days after the effective date of this Act. Prescribes guidelines under which certain lenders are authorized to adjust interest rates on loans guaranteed by the Administrator. Requires rural electrification borrowers to obtain concurrent supplemental financing according to prescribed guidelines in any fiscal year in which the minimum loan level for insured rural electrification loans is less than $1,000,000,000. Repeals certain provisos governing the loan-making authority of the Governor of the Rural Telephone Bank which require approval by the Secretary of Agriculture of facilities or lines to be acquired with such loans. Eliminates loan restrictions placed upon potential borrowers whose net worth exceeds their assets by twenty percent.

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

Timeline

17 May 1983
Introduced
Read twice and referred to the Committee on Agriculture.
Source: IntroReferral
17 May 1983
Introduced
Introduced in Senate
Source: IntroReferral
23 May 1983
Referred
Referred to Subcommittee on Agricultural Credit.
Source: Committee
25 May 1983
Committee
Committee on Agriculture requested executive comment from Agriculture Department.
Source: Committee
20 March 1984
Committee
Subcommittee on Agricultural Credit. Hearings held.
Source: Committee
12 April 1984
Committee
Subcommittee on Agricultural Credit. Hearings held.
Source: Committee
15 May 1984
Committee
Subcommittee on Agricultural Credit. Hearings held.
Source: Committee
7 June 1984
Reported
Committee on Agriculture. Ordered to be reported with an amendment in the nature of a substitute favorably.
Source: Committee
29 June 1984
Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 1044.
Source: Calendars
29 June 1984
Reported
Committee on Agriculture. Reported to Senate by Senator Helms with an amendment in the nature of a substitute. With written report No. 98-545. Additional views filed.
Source: Committee
29 June 1984
Reported
Committee on Agriculture. Reported to Senate by Senator Helms with an amendment in the nature of a substitute. With written report No. 98-545. Additional views filed.
Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

2 official files

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Vertaal naar

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Reported to Senate with amendment(s)
summary · EN · 29 June 1984
Open at official source
Introduced in Senate
summary · EN · 17 May 1983
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to → Rural Electrification and Telephone Revolving Fund Self-Sufficiency Act of 1983
amends ← SAMDT 5539

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/98th-congress/senate-bill/1300
Open data entity: https://api.congress.gov/v3/bill/98/s/1300
us · 98-s-1300 · source updated 14 January 2025