A bill to amend the Rural Electrification Act of 1936 to permit the prepayment of Federal financing bank loans made to rural electrification and telephone systems, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

6 March 1987

Last action

—

Status

Referred to Subcommittee on Rural Development, Electrification.

Summary

Amends the Rural Electrification Act of 1936 to permit Rural Electrification Administration borrowers to prepay Federal Financing Bank loans without penalties if: (1) private capital is used to replace such loans; and (2) any savings will be used to avoid future rate increases, passed on to customers, or used to improve the borrower's financial strength.

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Documents

1 official file

Introduced in Senate
summary · EN · 6 March 1987
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/senate-bill/681
Open data entity: https://api.congress.gov/v3/bill/100/s/681