Rural Electrification Loan Restructuring Act of 1993

Summary

Rural Electrification Loan Restructuring Act of 1993 - Amends the Rural Electrification Act of 1936 to prescribe guidelines under which the Rural Electrification Administrator (the Administrator) shall make insured electric and telephone loans (including hardship, municipal rate, and cost of money loans). Repeals authority for the current two-percent interest hardship loan, setting such rate at five percent. Repeals authority for the current five-percent interest direct electric and telephone loan program. Caps both electric and telephone interest rates at seven percent, depending on specified circumstances. Directs the Administrator to approve State telecommunications modernization plans if they meet specified requirements. Prescribes guidelines for loans made by the Governor of a telephone bank in the rural telephone bank loan program. Authorizes appropriations for: (1) electric hardship loans; (2) electric municipal rate loans; (3) telephone hardship loans; and (4) telephone cost-of-money loans. Amends the parameters of the rural telephone bank loan program. Prohibits the Administrator and the Governor of the telephone bank from imposing any charges not expressly provided for in this Act in connection with any loan or guarantee made under this Act. Specifies circumstances under which the Administrator may use consultants funded by the borrower. Redefines the size of a statutorily defined rural area. Prescribes guidelines for: (1) distribution borrower eligibility for loans, loan guarantees, and lien accommodations; and (2) administrative prohibitions applicable to electric borrowers. Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Agriculture to make loans for water and waste disposal facilities serving certain rural residents to any borrower to whom a loan has been made under the Rural Electrification Act of 1936. States that a borrower of a loan or loan guarantee under the Rural Electrification Act of 1936 is eligible for assistance under all programs administered by the Rural Development Administration.

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

Timeline

1. 22 September 1993

   Introduced

   Referred to the House Committee on Agriculture.

   Source: IntroReferral

2. 22 September 1993

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 September 1993

   Introduced

   Introduced in House

   Source: IntroReferral

4. 23 September 1993

   Reported

   Ordered to be Reported (Amended).

   Source: Committee

5. 23 September 1993

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

6. 28 September 1993

   Passed

   The title of the measure was amended. Agreed to without objection.

   Source: Floor

7. 28 September 1993

   Passed

   Motion to reconsider laid on the table Agreed to without objection.

   Source: Floor

8. 28 September 1993

   Passed

   On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

   Source: Floor

9. 28 September 1993

   Passed

   Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

   Source: Floor

10. 28 September 1993

    Floor

    DEBATE - The House proceeded with forty minutes of debate.

    Source: Floor

11. 28 September 1993

    Floor

    Considered under suspension of the rules. (consideration: CR H7127-7133)

    Source: Floor

12. 28 September 1993

    Floor

    Mr. de la Garza moved to suspend the rules and pass the bill, as amended.

    Source: Floor

13. 30 September 1993

    Introduced

    Received in the Senate, read twice.

    Source: IntroReferral

14. 4 October 1993

    Passed

    Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.(consideration: CR S13031)

    Source: Floor

15. 4 October 1993

    Passed

    Passed Senate without amendment by Voice Vote. (consideration: CR S13031)

    Source: Floor

16. 5 October 1993

    Floor

    Message on Senate action sent to the House.

    Source: Floor

17. 6 October 1993

    Floor

    Pursuant to the provisions of H. Con. Res. 160, enrollment corrections have been made.

    Source: Floor

18. 13 October 1993

    Introduced

    Sponsor introductory remarks on measure. (CR E2437-2438)

    Source: IntroReferral

19. 20 October 1993

    Floor

    Presented to President.

    Source: Floor

20. 20 October 1993

    President

    Presented to President.

    Source: President

21. 1 November 1993

    President

    Signed by President.

    Source: President

22. 1 November 1993

    Became law

    Became Public Law No: 103-129.

    Source: President

23. 1 November 1993

    Became law

    Signed by President.

    Source: BecameLaw

24. 26 January 1994

    Committee

    Favorable Executive Comment Received from USDA.

    Source: Committee

Votes

No vote records are attached yet.

Versions

• Enrolled Bill · 4 October 1993 · Download file
• Received in Senate · 29 September 1993 · Download file
• Engrossed in House · 28 September 1993 · Download file
• Introduced in House · 22 September 1993 · Download file

Documents

11 official files

• Public Law (PDF)

  Public Law · EN · 2 November 1993

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• Enrolled Bill (text)

  Enrolled Bill · EN · 4 October 1993

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  Vertaal document

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• Enrolled Bill (PDF)

  Enrolled Bill · EN · 4 October 1993

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  Vertaal document

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• Received in Senate (text)

  Received in Senate · EN · 29 September 1993

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  Vertaal document

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

• Received in Senate (PDF)

  Received in Senate · EN · 29 September 1993

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  Vertaal document

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• Engrossed in House (text)

  Engrossed in House · EN · 28 September 1993

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• Engrossed in House (PDF)

  Engrossed in House · EN · 28 September 1993

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  Vertaal document

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• Passed House amended

  summary · EN · 28 September 1993

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  Vertaal document

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• Introduced in House (text)

  Introduced in House · EN · 22 September 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 22 September 1993

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  Vertaal document

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• Introduced in House

  summary · EN · 22 September 1993

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  Vertaal document

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Sponsors

• Rep. de la Garza, E. [D-TX-15] · D · Sponsor
• Sen. Roberts, Pat [R-KS] · R · Sponsor
• Rep. English, Glenn [D-OK-6] · D · Sponsor
• Rep. Combest, Larry [R-TX-19] · R · Sponsor
• Rep. Boehner, John A. [R-OH-8] · R · Sponsor
• · hsag00 · Standing

Related records

• related to → To correct the enrollment of H.R. 3123.
• related to ← Rural Electrification Loan Restructuring Act of 1993

Related across the Repo ecosystem

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