Rural Electrification Administration Improvement Act of 1992

Summary

Rural Electrification Administration Improvement Act of 1992 - Amends the Rural Electrification Act of 1936 to provide that if a borrower of a loan made or guaranteed by the Rural Electrification Administration (REA) applies for an electric or telephone service loan from a private lender, REA shall grant the private lender a lien accommodation on the total assets securing the unpaid balance on an equal and pro rata basis with the Government lien, except if such private loan will adversely affect the borrower's ability to repay the Government. Subordinates the REA lien to a lien made by a private lender on a non-electric or non-telephone rural development loan if the borrower's revenues will be sufficient to meet all loan obligations. Revises discounted loan prepayment provisions to permit prepayment or sale of a loan that was advanced before a certain date or has been fully advanced for not less than two years. Limits future loan eligibility for prepaying borrowers. Repeals provisions regarding: (1) borrower net worth; and (2) the prepayment privatization demonstration program.

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

9 official files

• Referred in Senate (text)

  Referred in Senate · EN

  ViewDownloadOpen at official source

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Enrolled Bill (text)

  Enrolled Bill · EN

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN

  ViewDownloadOpen at official source

• Engrossed Amendment Senate (text)

  Engrossed Amendment Senate · EN

  ViewDownloadOpen at official source

• Committee Discharged Senate (text)

  Committee Discharged Senate · EN

  ViewDownloadOpen at official source

• Public Law (PDF)

  Public Law · EN · 22 October 1992

  ViewDownloadOpen at official source

• Passed Senate amended

  summary · EN · 5 October 1992

  Open at official source

• Introduced in House

  summary · EN · 21 May 1992

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.