# Loan Policies and Procedures for Electric Loans
> **Rural Utilities Service** · Final rule. · Published 1995-01-19 · Effective 1995-02-21 · 60 FR 3726
## Document
- **Document number:** 95-1051
- **Category:** rural-development
- **Sub-agency:** Rural Utilities Service
- **Federal Register citation:** 60 FR 3726
- **CFR reference:** 7 CFR 1710
- **Publication date:** 1995-01-19
- **Effective date:** 1995-02-21
## Abstract

The Rural Utilities Service (RUS) hereby amends its regulations for electric loans. Key provisions of this regulation include: Lengthening the allowable construction financing period for most electric loans; clarifying RUS requirements for supplemental financing concurrent with municipal rate loans; substantially modifying the requirement that borrowers develop and maintain certain levels of equity; and clearly setting forth the documents required for a complete loan application. In addition, this regulation eliminates some policies and procedures that have become obsolete. This regulation is intended to simplify loan application procedures for borrowers and reduce administrative costs to the Government.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1995/01/19/95-1051/loan-policies-and-procedures-for-electric-loans)
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