General Policies, Types of Loans, Loan Requirements Telecommunications Program

The Rural Utilities Service (RUS) is amending its regulations to clarify that loan applicants organized as limited liability companies may be eligible to receive financial assistance. This direct final rule is part of an ongoing RUS project to modernize agency policies in order to provide borrowers with the flexibility they need to continue providing reliable telephone service at reasonable costs in rural areas, while maintaining the integrity of Government loans. This action also conforms more closely to private lending practice.