97-9474. Pre-Loan Procedures for Electric Loans

[Federal Register Volume 62, Number 71 (Monday, April 14, 1997)]
[Rules and Regulations]
[Page 18037]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-9474]


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DEPARTMENT OF AGRICULTURE

Rural Utilities Service

7 CFR Part 1710

RIN 0572-AB30


Pre-Loan Procedures for Electric Loans

AGENCY: Rural Utilities Service, USDA.

ACTION: Direct final rule; confirmation of effective date.

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SUMMMARY: On Thursday, February 20, 1997 the Rural Utilities Service 
(RUS) published a direct final rule. (See 62 FR 7663). The direct final 
rule notified the public of RUS' intention to issue a minor amendment 
to its pre-loan procedures that will clarify that use of a conventional 
utility indenture as a security instrument for loans to power supply 
borrowers is permissible. The rule will also enhance loan security and 
by conforming more closely to private lending practice, allow easier 
access to private sector financing.
    We did not receive any written adverse comments or any written 
notice of intent to submit adverse comments in response to the direct 
final rule.

EFFECTIVE DATE: The effective date of the direct final rule is 
confirmed as April 7, 1997.

FOR FURTHER INFORMATION CONTACT: F. Lamont Heppe, Jr., Director, 
Program Support and Regulatory Analysis, Rural Utilities Service, U.S. 
Department of Agriculture, Room 4036-S, 1400 Independence Avenue, SW., 
STOP 1522, Washington, DC 20250-1522. Telephone: [phone]. FAX: 202 
720-4120. E-mail: [e-mail].

    Authority: 7 U.S.C. 901-950(b); Pub. L. 99-591, 100 Stat. 3341; 
Pub. L. 103-354, 108 Stat 3178 (7 U.S.C. 6941 et seq.).

    Dated: April 7, 1997.
Wally Beyer,
Administrator, Rural Utilities Service.
[FR Doc. 97-9474 Filed 4-11-97; 8:45 am]
BILLING CODE 3410-15-P