rural-development · Rural Utilities Service · Rule · Published 2001-12-26 · Effective 2002-02-11 · 66 FR 66293
Document
Document number
01-31574
Federal Register citation
66 FR 66293
CFR reference
7 CFR 1710
Type
Rule
Action
Direct final rule.
Category
rural-development
Sub-agency
Rural Utilities Service
Publication date
2001-12-26
Effective date
2002-02-11
Abstract
In fiscal year 2001, Congress provided funding to establish a Treasury rate direct loan program to address the backlog of qualified loan applications for insured municipal rate electric loans from RUS. RUS administered the Treasury rate loan program in a manner substantially the same as it administered the municipal rate program under a Notice of Funding Availability (NOFA) published in the Federal Register at 65 FR 80830 on December 22, 2000. Title III of the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2002 authorizes a direct Treasury rate electric loan program of $750 million for FY 2002. RUS is amending its regulations to establish rules and regulations to administer the Treasury rate direct loan program.