RUS Fidelity and Insurance Requirements for Electric and Telecommunications Borrowers
rural-development · Rural Utilities Service · Rule · Published 1999-01-04 · Effective 1999-01-04 · 64 FR 1
Document
Document number
98-34778
Federal Register citation
64 FR 1
CFR reference
7 CFR 1788
Type
Rule
Action
Final rule.
Category
rural-development
Sub-agency
Rural Utilities Service
Publication date
1999-01-04
Effective date
1999-01-04
Abstract
The Rural Utilities Service (RUS) is streamlining its fidelity and insurance requirements for electric and telecommunications systems. The rule was last revised in 1986, and the revisions are intended to update requirements. The rule provides a flexible approach to insurance that protects the government's security interest in mortgaged assets and conforms to today's business practices.