# General Policies, Types of Loans, Loan Requirements Telecommunications Program
> **Rural Utilities Service** · Direct final rule. · Published 1999-09-17 · Effective 1999-11-16 · 64 FR 50428
## Document
- **Document number:** 99-24188
- **Category:** rural-development
- **Sub-agency:** Rural Utilities Service
- **Federal Register citation:** 64 FR 50428
- **CFR reference:** 7 CFR 1735
- **Publication date:** 1999-09-17
- **Effective date:** 1999-11-16
## Abstract

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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1999/09/17/99-24188/general-policies-types-of-loans-loan-requirements-telecommunications-program)
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