[Federal Register Volume 64, Number 248 (Tuesday, December 28, 1999)]
[Proposed Rules]
[Page 72575]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-33640]
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Proposed Rules
Federal Register
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This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
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Federal Register / Vol. 64, No. 248 / Tuesday, December 28, 1999 /
Proposed Rules
[[Page 72575]]
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DEPARTMENT OF AGRICULTURE
Rural Utilities Service
7 CFR Part 1721
Post-Loan Policies and Procedures for Insured Electric Loans
AGENCY: Rural Utilities Service, USDA.
ACTION: Proposed rule.
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SUMMARY: As a part of its ongoing program of streamlining regulations,
the Rural Utilities Service (RUS) is proposing to amend its regulation
on the advance of funds to reflect an increase in the threshold limit
from $25,000 to $100,000, for which plant investments may be made in
the borrowers' systems and be eligible for insured loan fund financing
without being included in an RUS approved construction work plan (CWP).
In addition, RUS is proposing to no longer limit borrowers to 130
percent of the project cost estimate for projects in the CWP or
amendment and approved loan, as amended, for which prior RUS approval
must be obtained. These changes would have the effect of reducing the
number of actions by borrowers that would otherwise be required and
would reduce administrative costs to borrowers and to the agency.
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 noncontroversial 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 and all public comments
received will be addressed in a subsequent final rule based on this
action. 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
January 27, 2000.
ADDRESSES: Written comments should be sent to F. Lamont Heppe, Jr.,
Director, Program Development and Regulatory Analysis, U.S. Department
of Agriculture, Rural Utilities Service, 1400 Independence Ave., SW.,
Washington, DC 20250-1522. RUS requires a signed original and three
copies of all comments (7 CFR 1700.4). Comments will be available for
public inspection during regular business hours (7 CFR 1.27(b)).
FOR FURTHUR INFORMATION CONTACT: Charles M. Philpott, Chief,
Engineering Branch, Northern Regional Division, U.S. Department of
Agriculture, Rural Utilities Service, Room 4034 South Bldg., 1400
Independence Ave., SW., Washington, DC 20250-1522. Telephone: (202)
720-1432. E-mail: cphilpot@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: December 21, 1999.
Jill Long Thompson,
Under Secretary, Rural Development.
[FR Doc. 99-33640 Filed 12-27-99; 8:45 am]
BILLING CODE 3410-15-P
