# RUS Privatization Demonstration Prepayment Program for the State of Alaska
> **Rural Utilities Service** · Final rule. · Published 1997-06-16 · Effective 1997-06-16 · 62 FR 32477
## Document
- **Document number:** 97-15757
- **Category:** rural-development
- **Sub-agency:** Rural Utilities Service
- **Federal Register citation:** 62 FR 32477
- **CFR reference:** 7 CFR 1786
- **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The 1996 Farm Bill, signed into law on April 4, 1996, repealed Section 311 of the Rural Electrification Act of 1936.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 Because the Farm Bill repealed the statutory authority, regulations implementing this program have become obsolete.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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1997/06/16/97-15757/rus-privatization-demonstration-prepayment-program-for-the-state-of-alaska)
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