rural-development · Rural Utilities Service · Rule · Published 2020-04-02 · Effective 2020-04-02 · 85 FR 18413
Document
Document number
2020-06215
Federal Register citation
85 FR 18413
CFR reference
7 CFR 1719
Type
Rule
Action
Final rule; request for comments.
Category
rural-development
Sub-agency
Rural Utilities Service
Publication date
2020-04-02
Effective date
2020-04-02
Abstract
The Rural Utilities Service (RUS), a Rural Development agency of the United States Department of Agriculture (USDA), hereinafter referred to as RUS or the Agency, is issuing a final rule to establish the Rural Energy Savings Program (RESP) as authorized by Section 6407 of the Farm Security and Rural Investment Act of 2002, as amended and the Agriculture Improvement Act of 2018 to assist rural families and small businesses achieve cost savings by providing loans to eligible entities that agree to make loans to qualified consumers to implement durable cost-effective energy efficiency measures. This rule describes the eligibility requirements, the application process, the criteria that will be used by RUS to assess Applicants' creditworthiness and how to obtain application materials.