Rural Utilities Service June 2016 – Federal Register Recent Federal Regulation Documents

Announcement of Loan Application Procedures, and Deadlines for the Rural Energy Savings Program (RESP)
Document Number: 2016-14617
Type: Notice
Date: 2016-06-21
Agency: Department of Agriculture, Rural Utilities Service
The Rural Utilities Service (RUS), an agency of the United States Department of Agriculture (USDA), is soliciting letters of intent for loan applications under the Rural Energy Savings Program (RESP), announcing the application process for those loans and deadlines for applications from eligible entities. These loans are made available under the authority of Section 6407 of the Farm Security and Rural Investment Act of 2002, as amended, (Section 6407). This notice describes the eligibility requirements, the application process and deadlines, the criteria that will be used by RUS to assess Applicants' creditworthiness, and how to obtain application materials.
Announcement of Application Deadlines and Requirements for Section 313A Guarantees for Bonds and Notes Issued for Electrification or Telephone Purposes Loan Program for Fiscal Year (FY) 2016
Document Number: 2016-14491
Type: Notice
Date: 2016-06-20
Agency: Department of Agriculture, Rural Utilities Service
The Rural Utilities Service (RUS), an agency of the United States Department of Agriculture (USDA), published a document in the Federal Register of June 14, 2016, concerning the Announcement of Application Deadlines and Requirements for Section 313A Guarantees for Bonds and Notes Issued for Electrification or Telephone Purposes Loan Program for Fiscal Year (FY) 2016. The document contained incorrect dates.
Announcement of Application Deadlines and Requirements for Section 313A Guarantees for Bonds and Notes Issued for Electrification or Telephone Purposes Loan Program for Fiscal Year (FY) 2016
Document Number: 2016-14009
Type: Notice
Date: 2016-06-14
Agency: Department of Agriculture, Rural Utilities Service
The Rural Utilities Service (RUS), an agency of the United States Department of Agriculture (USDA), announces the application window, requirements and funding for up to $750 million of loan funds available for Fiscal Year (FY) 2016 under the Guarantees for Bonds and Notes Issued for Electrification or Telephone Purposes Program (the 313A Program) authorized under the Rural Electrification Act of 1936, as amended, and related terms. Under the 313A Program, the Federal Financing Bank (FFB) will make loans to the selected applicant(s) and RUS will guarantee the applicant(s)'s repayment of the loans to FFB. Selected applicants may use the proceeds of loan funds made available under the 313A Program to make loans to borrowers for electrification or telecommunications purposes, or to refinance bonds or notes previously issued by applicants for such purposes. The proceeds of the guaranteed bonds and notes are not to be used by applicants to directly or indirectly fund projects for the generation of electricity.
Rural Broadband Access Loans and Loan Guarantees
Document Number: 2016-13302
Type: Rule
Date: 2016-06-09
Agency: Department of Agriculture, Rural Utilities Service
The Rural Utilities Service (RUS), hereinafter referred to as the Agency, is confirming the interim final rule published in the Federal Register on July 30, 2015, which amends its regulation for the Rural Broadband Access Loan and Loan Guarantee Program (Broadband Loan Program).
Information Collection Activity; Comment Request
Document Number: 2016-13543
Type: Notice
Date: 2016-06-08
Agency: Department of Agriculture, Rural Utilities Service
In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35, as amended), the Rural Utilities Service, an agency of the United States Department of Agriculture's (USDA), invites comments on this information collection for which the Agency intends to request approval from the Office of Management and Budget (OMB).
Rural Energy Savings Program; Measurement, Verification, Training and Technical Assistance; Correction
Document Number: 2016-13248
Type: Notice
Date: 2016-06-06
Agency: Department of Agriculture, Rural Utilities Service
The Rural Utilities Service (RUS) published in the Federal Register, on May 24, 2016, a Notice of Comment Solicitation, Rural Energy Savings Program: Measurement, Verification, Training and Technical Assistance. Inadvertently, an inaccurate citation to the Code of Federal Register (CFR) was included in the Notice. This document removes the inaccurate CFR citation and replaces it with the correct citation to the Federal Register. The corrected citation directs readers to the CFR regulation that describes types of eligible borrowers who are entities that may also participate in the Rural Energy Savings Program (RESP).
Guaranteed Loanmaking and Servicing Regulations
Document Number: 2016-12945
Type: Rule
Date: 2016-06-03
Agency: Department of Agriculture, Rural Business-Cooperative Service, Rural Utilities Service
The Rural Business-Cooperative Service (Agency) is an agency within the Rural Development mission area of the United States Department of Agriculture (USDA) responsible for administering the Business and Industry (B&I) Guaranteed Loan Program. The B&I Guaranteed Loan Program is authorized by the Consolidated Farm and Rural Development Act and provides loan guarantees to banks and other approved lenders to finance private businesses located in rural areas. The Agency published a proposed rule on September 15, 2014, that proposed changes to refine the regulations for the B&I Guaranteed Loan Program in an effort to improve program delivery, clarify the regulations to make them easier to understand, and reduce delinquencies. The changes to the program are expected to reduce the subsidy rate and thereby lower program subsidy costs over time as the rule is implemented. By lowering the subsidy rate, the Agency may be able to provide greater leverage for the budget authority provided by Congress. This will allow the Agency to guarantee a higher total dollar amount of loan requests and, assuming the same average size of loans being guaranteed, to guarantee more loans. These changes could also result in increased lending activity, expanded business opportunities, and creation of more jobs in rural areas.