Electric loans: loan policies and procedures,

[Federal Register: June 22, 1999 (Volume 64, Number 119)]

[Proposed Rules]

[Page 33228-33229]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr22jn99-27]

DEPARTMENT OF AGRICULTURE

Rural Utilities Service

7 CFR Part 1710

RIN 0572-AB46

General and Pre-Loan Policies and Procedures Common to Insured and Guaranteed Electric Loans

AGENCY: Rural Utilities Service, USDA.

ACTION: Proposed rule.

SUMMARY: The Rural Utilities Service (RUS) is proposing to amend its regulations to revise the method of determining loan fund eligibility for ``ordinary replacements'' and authorize use of guaranteed financing for ``minor projects''.

In the final rule section of this Federal Register, RUS is publishing this action as a direct final rule without prior proposal because RUS views this as a non-controversial action and anticipates no adverse comments. If no adverse comments are received in response to the direct final rule, no further action will be taken on this proposed rule and the action will become effective at the time specified in the direct final rule. If RUS receives adverse comments, a document will be published withdrawing the direct final rule. Any parties interested in commenting on this action should do so at this time.

DATES: Comments on this proposed action must be received on or before July 22, 1999.

ADDRESSES: Written comments should be sent to Alex M. Cockey, Jr., Deputy Assistant Administrator, Electric Program, Rural Utilities Service, U.S. Department of Agriculture, STOP 1560, 1400 Independence Avenue, SW, Washington, DC 20250-1560. RUS requires, in hard copy, a signed original and three copies of all comments (7 CFR part 1700.30(e)). All comments received will be available for public inspection at room 4037 South Building (address as above) between 8 a.m. and 4 p.m. (7 CFR part 1.27(b)).

FOR FURTHER INFORMATION CONTACT: Alex M. Cockey, Jr., Deputy Assistant

[[Page 33229]]

Administrator, Electric Program, Rural Utilities Service, U.S. Department of Agriculture, STOP 1560, 1400 Independence Avenue, SW, Washington, DC 20250-1560. Telephone: (202) 720-9547. FAX (202) 690- 0717. E-mail: acockey@rus.usda.gov.

SUPPLEMENTARY INFORMATION: See the Supplementary Information provided in the direct final rule located in the final rule section of this Federal Register for the applicable supplementary information on this section.

Dated: June 14, 1999. Jill Long Thompson, Under Secretary, Rural Development.

[FR Doc. 99-15704Filed6-21-99; 8:45 am]

BILLING CODE 3410-15-P