RUS Privatization Demonstration Prepayment Program for the State of Alaska
rural-development · Rural Utilities Service · Rule · Published 1997-06-16 · Effective 1997-06-16 · 62 FR 32477
Document
Document number
97-15757
Federal Register citation
62 FR 32477
CFR reference
7 CFR 1786
Type
Rule
Action
Final rule.
Category
rural-development
Sub-agency
Rural Utilities Service
Publication date
1997-06-16
Effective date
1997-06-16
Abstract
The 1996 Farm Bill, signed into law on April 4, 1996, repealed Section 311 of the Rural Electrification Act of 1936. Section 311 provided the legal authority for a privatization demonstration program for the State of Alaska. Under that demonstration program, electric and telecommunications borrowers in the state of Alaska could prepay certain RUS loans on favorable terms. Borrowers who prepaid under this demonstration program became ineligible for most types of loans from RUS after the prepayment. Because the Farm Bill repealed the statutory authority, regulations implementing this program have become obsolete. Today's rule removes these obsolete regulations.