§ 1700.128 - Chief, Operations Branch, Power Supply Division.

The Chief, Operations Branch, Power Supply Division in conformance with applicable Regulations and RUS policy is delegated authority to approve or execute for the electric program:

(a) The following matters dealing with outstanding power supply loans.

(1) Affidavits, certificates, filings, and continuation statements with respect to the recording, filing or renewing of mortgages and deeds of trust, including financing statements under the Uniform Commercial Code of the applicable state.

(2) Municipal and county franchises, licenses, ordinances, and permits to construct or operate facilities obtained by borrowers as required by the mortgage.

(3) Notice of Clearance of RUS loan documents.

(4) Approval of large retail power contracts.

(5) Sales, transfers, and partial releases of liens involving sales of borrowers’ capital assets with a value of $500,000 or less.

(b) The following matters concerning unpaid and outstanding loans:

(1) Financial requirements and expenditure statements when all conditions precedent to the advance of loan funds have been met, no litigation is pending pertaining to the loan, the borrower is not delinquent in its loan payments to RUS, loans guaranteed by RUS and the Administrator has not reserved this authority.

(2) Report of vouchers released.

(3) Concurrent loan fund requisitions.