82 FR 4838 - 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) 2017

DEPARTMENT OF AGRICULTURE
Rural Utilities Service

Federal Register Volume 82, Issue 10 (January 17, 2017)

Page Range		4838-4841
FR Document		2017-00831

The Rural Utilities Service (RUS), an agency of the United States Department of Agriculture (USDA), announces the application window, requirements and funding for loans that may become available for Fiscal Year (FY) 2017 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. This notice is based on loan levels contemplated by the FY 17 Continuing Resolution and on information available to the agency at the time of this notice. The final amount of funding made available under this notice could be affected by subsequent Congressional action or subsidy rate calculations. Last year, the RUS obligated $750 million in loan funds for this program. It is necessary to publish this notice at this time to ensure that applicants have sufficient time to prepare applications and to ensure that the agency has sufficient time and resources to evaluate applications.

Federal Register, Volume 82 Issue 10 (Tuesday, January 17, 2017)

[Federal Register Volume 82, Number 10 (Tuesday, January 17, 2017)]
[Notices]
[Pages 4838-4841]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-00831]


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Notices
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains documents other than rules 
or proposed rules that are applicable to the public. Notices of hearings 
and investigations, committee meetings, agency decisions and rulings, 
delegations of authority, filing of petitions and applications and agency 
statements of organization and functions are examples of documents 
appearing in this section.

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Federal Register / Vol. 82, No. 10 / Tuesday, January 17, 2017 / 
Notices

[[Page 4838]]



DEPARTMENT OF AGRICULTURE

Rural Utilities Service


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) 2017

AGENCY: Rural Utilities Service, USDA.

ACTION: Notice of Solicitation of Applications (NOSA).

-----------------------------------------------------------------------

SUMMARY: The Rural Utilities Service (RUS), an agency of the United 
States Department of Agriculture (USDA), announces the application 
window, requirements and funding for loans that may become available 
for Fiscal Year (FY) 2017 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.
    This notice is based on loan levels contemplated by the FY 17 
Continuing Resolution and on information available to the agency at the 
time of this notice. The final amount of funding made available under 
this notice could be affected by subsequent Congressional action or 
subsidy rate calculations. Last year, the RUS obligated $750 million in 
loan funds for this program. It is necessary to publish this notice at 
this time to ensure that applicants have sufficient time to prepare 
applications and to ensure that the agency has sufficient time and 
resources to evaluate applications.

DATES: Completed applications must be received by RUS no later than 
5:00 p.m. Eastern Daylight Time (EDT) on April 28, 2017.

ADDRESSES: Applicants are required to submit one original and two 
copies of their loan applications to the U.S. Department of 
Agriculture, Rural Utilities Service, Electric Program, ATTN: Amy 
McWilliams, Management Analyst, 1400 Independence Avenue SW., STOP 
1568, Room 0226-S, Washington, DC 20250-1568.

FOR FURTHER INFORMATION CONTACT: For further information contact Amy 
McWilliams, Management Analyst, 1400 Independence Avenue SW., STOP 
1568, Room 0226-S, Washington, DC 20250-1568. Telephone: (202) 205-
8663; or email: [email protected]

SUPPLEMENTARY INFORMATION:

Overview

    Federal Agency: Rural Utilities Service, USDA.
    Funding Opportunity Title: Guarantees for Bonds and Notes Issued 
for Electrification or Telephone Purposes for Fiscal Year (FY) 2017.
    Announcement Type: Guarantees for Bonds and Notes.
    Catalog of Federal Domestic Assistance (CFDA) Number: 10.850
    Due Date for Applications: Applications must be received by RUS by 
5:00 p.m. Eastern Daylight Time (EDT) on April 28, 2017.

Items in Supplementary Information

I. Funding Opportunity Description
II. Award Information
III. Eligibility Information
IV. Fiscal Year 2017 Application and Submission Information
V. Application Review Information
VI. Issuance of the Guarantee
VII. Guarantee Agreement
VIII. Reporting Requirements
IX. Award Administration Information
X. National Environmental Policy Act Certification
XI. Other Information and Requirements
XII. Agency Contacts: Web site, Phone, Fax, Email, Contact Name
XIII. Non-Discrimination Statement: USDA Non-Discrimination 
Statement, How To File a Complaint, Persons With Disabilities

I. Funding Opportunity Description

A. Purpose of the 313A Program

    The purpose of the 313A Program is to make guaranteed loans to 
selected applicants (each referred to as ``Guaranteed Lender'' in this 
NOSA and in the Program Regulations) that are to be used (i) to make 
loans for electrification or telecommunications purposes eligible for 
assistance under the RE Act (defined herein) and regulations for the 
313A Program located at 7 CFR part 1720 (also referred to as the 
``Program Regulations'' in this NOSA), or (ii) to refinance bonds or 
notes previously issued by the Guaranteed Lender for such purposes. The 
proceeds of the guaranteed bonds and notes are not to be used by the 
Guaranteed Lender to directly or indirectly fund projects for the 
generation of electricity.

B. Statutory Authority

    The 313A Program is authorized by Section 313A of the Rural 
Electrification Act of 1936, as amended (7 U.S.C. 940c-1) (the RE Act) 
and is implemented by regulations located at 7 CFR part 1720. The 
Administrator of RUS (the Administrator) has been delegated 
responsibility for administering the 313A Program.

C. Definition of Terms

    The definitions applicable to this NOSA are published at 7 CFR 
1720.3.

D. Application Awards

    RUS will review and evaluate applications received in response to 
this NOSA based on the regulations at 7 CFR 1720.7, and as provided in 
this NOSA.

II. Award Information

    Type of Awards: Guaranteed Loans.
    Fiscal Year Funds: FY 2017.
    Award Amounts: RUS anticipates making multiple approvals under this 
NOSA. The number, amount and terms of awards under this NOSA will 
depend, in part, on the number of eligible applications and the amount 
of funds requested. In determining whether or not to make an award, the 
RUS will take overall program policy objectives into account.
    Application Date: See SUPPLEMENTARY INFORMATION herein.

[[Page 4839]]

    Award Date: Awards will be made on or before September 29, 2017.
    Preferred Schedule of Loan Repayment: Amortization Method (level 
debt service).

III. Eligibility Information

A. Eligible Applicants

    1. To be eligible to participate in the 313A Program, a Guaranteed 
Lender must be:
    a. A bank or other lending institution organized as a private, not-
for-profit cooperative association, or otherwise organized on a non-
profit basis; and
    b. Able to demonstrate to the Administrator that it possesses the 
appropriate expertise, experience, and qualifications to make loans for 
electrification or telephone purposes.
    2. To be eligible to receive a guarantee, a Guaranteed Lender's 
bond must meet the following criteria:
    a. The Guaranteed Lender must furnish the Administrator with a 
certified list of the principal balances of eligible loans outstanding 
and certify that such aggregate balance is at least equal to the sum of 
the proposed principal amount of guaranteed bonds to be issued, 
including any previously issued guaranteed bonds outstanding;
    b. The guaranteed bonds to be issued by the Guaranteed Lender would 
receive an underlying investment grade rating from a Rating Agency, 
without regard to the guarantee; and
    3. A lending institution's status as an eligible applicant does not 
assure that the Administrator will issue the guarantee sought in the 
amount or under the terms requested, or otherwise preclude the 
Administrator from declining to issue a guarantee.

B. Other Eligibility Requirements

    Applications will only be accepted from lenders that serve rural 
areas defined in 7 CFR 1710.2(a) as (i) Any area of the United States, 
its territories and insular possessions (including any area within the 
Federated States of Micronesia, the Marshall Islands, and the Republic 
of Palau) other than a city, town, or unincorporated area that has a 
population of greater than 20,000 inhabitants; and (ii) Any area within 
a service area of a borrower for which a borrower has an outstanding 
loan as of June 18, 2008, made under titles I through V of the Rural 
Electrification Act of 1936 (7 U.S.C. 901-950bb). For initial loans to 
a borrower made after June 18, 2008, the ``rural'' character of an area 
is determined at the time of the initial loan to furnish or improve 
service in the area.

IV. Fiscal Year 2017 Application and Submission Information

A. Applications

    All applications must be prepared and submitted in accordance with 
this NOSA and 7 CFR 1720.6 (Application Process). To ensure the proper 
preparation of applications, applicants should carefully read this NOSA 
and 7 CFR part 1720 (available online at http://www.ecfr.gov/cgi-bin/text-idx?SID=9295e45c9a0f6a857d800fbec5dde2fb&mc=true&node=pt7.11.1720&rgn=div5.

B. Content and Form of Submission

    In addition to the required application specified in 7 CFR 1720.6, 
all applicants must submit the following additional required documents 
and materials:
    1. Form AD-1047, Certification Regarding Debarment, Suspension and 
Other Responsibility Matters Primary Covered Transactions. This form 
contains certain certifications relating to debarment and suspension, 
convictions, criminal charges, and the termination of public 
transactions (See 2 CFR part 417, and 7 CFR 1710.123). This form is 
available at http://www.ocio.usda.gov/policy-directives-records-forms/forms-management/approved-computer-generated-forms;
    2. Restrictions on Lobbying. Applicants must comply with the 
requirements with respect to restrictions on lobbying activities. (See 
2 CFR part 418, and 7 CFR 1710.125). This form is available at http://www.rd.usda.gov/publications/regulations-guidelines/electric-sample-documents;
    3. Uniform Relocation Act assurance statement. Applicants must 
comply with 49 CFR part 24, which implements the Uniform Relocation 
Assistance and Real Property Acquisition Policy Act of 1970, as 
amended. (See 7 CFR 1710.124). This form is available at http://www.rd.usda.gov/publications/regulations-guidelines/electric-sample-documents;
    4. Federal debt delinquency requirements. This report indicates 
whether or not the applicants are delinquent on any Federal debt (See 7 
CFR 1710.126 and 7 CFR 1710.501(a)(13)). This form is available at 
http://www.rd.usda.gov/publications/regulations-guidelines/electric-sample-documents;
    5. RUS Form 266, Compliance Assurance. Applicants must submit a 
non-discrimination assurance commitment to comply with certain 
regulations on non-discrimination in program services and benefits and 
on equal employment opportunity as set forth in 7 CFR parts 15 and 15b 
and 45 CFR part 90. This form is available at http://www.rd.usda.gov/publications/regulations-guidelines/forms-publications;
    6. Articles of incorporation and bylaws: See 7 CFR 1710.501(a)(14). 
These are required if either document has been amended since the last 
loan application was submitted to RUS, or if this is the applicant's 
first application for a loan under the RE Act; and
    7. Form AD 3030, Representations Regarding Felony Conviction and 
Tax Delinquency Status for Corporation Applications. Applicants are 
required to complete this form if they are a corporation. This form is 
available at http://www.ocio.usda.gov/policy-directives-records-forms/forms-management/approved-computer-generated-forms.

C. Supplemental Documents for Submission

    1. Cash flow projections and assumptions: Each applicant must 
include five-year pro-forma cash flow projections or business plans and 
clearly state the assumptions that underlie the projections, 
demonstrating that there is reasonable assurance that the applicant 
will be able to repay the guaranteed loan in accordance with its terms 
(See 7 CFR 1720.6(4)).
    2. Pending litigation statement: A statement from the applicant's 
counsel listing any pending litigation, including levels of related 
insurance coverage and the potential effect on the applicant.

V. Application Review Information

A. Application Evaluation

    1. Administrator Review. Each application will be reviewed by the 
Administrator to determine whether it is eligible under 7 CFR 1720.5, 
the information required under 7 CFR 1720.6 is complete, and the 
proposed guaranteed bond complies with applicable statutes and 
regulations. The Administrator can at any time reject an application 
that fails to meet these requirements.
    a. Applications will be subject to a substantive review, on a 
competitive basis, by the Administrator based upon the evaluation 
factors listed in 7 CFR 1720.7(b).
    2. Decisions by the Administrator. The Administrator will approve 
or deny applications in a timely manner as such applications are 
received; provided, however, that in order to facilitate competitive 
evaluation of applications, the Administrator may from time to time 
defer a decision until more than one application is pending. The 
Administrator may limit the number of

[[Page 4840]]

guarantees made to a maximum of five per year, to ensure a sufficient 
examination is conducted of applicant requests. RUS will notify the 
applicant in writing of the Administrator's approval or denial of an 
application. Approvals for guarantees will be conditioned upon 
compliance with 7 CFR 1720.4 and 7 CFR 1720.6. The Administrator 
reserves the discretion to approve an application for an amount less 
than that requested.

B. Independent Assessment

    Before a guarantee decision is made by the Administrator, the 
Administrator shall request that FFB review the rating agency 
determination required by 7 CFR 1720.5(b)(2) as to whether the bond or 
note to be issued would be below investment grade without regard to the 
guarantee.

VI. Issuance of the Guarantee

    The requirements under this section must be met by the applicant 
prior to the endorsement of a guarantee by the Administrator (See 7 CFR 
1720.8).

VII. Guarantee Agreement

    Each Guaranteed Lender will be required to enter into a Guarantee 
Agreement with RUS that contains the provisions described in 7 CFR 
1720.8 (Issuance of the Guarantee), 7 CFR 1720.9 (Guarantee Agreement), 
and 7 CFR 1720.12 (Reporting Requirements). The Guarantee Agreement 
will also obligate the Guaranteed Lender to pay, on a semi-annual 
basis, a guarantee fee equal to 15 basis points (0.15 percent) of the 
outstanding principal amount of the guaranteed loan (See 7 CFR 
1720.10).

VIII. Reporting Requirements

    Guaranteed Lenders are required to comply with the financial 
reporting requirements and pledged collateral review and certification 
requirements set forth in 7 CFR 1720.12.

IX. Award Administration Information

Award Notices
    RUS will send a commitment letter to an applicant once the loan is 
approved. Applicants must accept and commit to all terms and conditions 
of the loan which are requested by RUS and FFB as follows:
    1. Compliance conditions. In addition to the standard conditions 
placed on the section 313A Program or conditions requested by the 
Agency to ensure loan security and statutory compliance, applicants 
must comply with the following conditions:
    a. Each Guaranteed Lender selected under the 313A Program will be 
required to post collateral for the benefit of RUS in an amount equal 
to the aggregate amount of loan advances made to the Guaranteed Lender 
under the 313A Program.
    b. The pledged collateral shall consist of outstanding notes or 
bonds payable to the Guaranteed Lender (the Eligible Securities) and 
shall be placed on deposit with a collateral agent for the benefit of 
RUS. To be deemed Eligible Securities that can be pledged as 
collateral, the notes or bonds to be pledged (i) cannot be classified 
as non-performing, impaired, or restructured under generally accepted 
accounting principles, (ii) cannot be comprised of more than 30% of 
bonds or notes from generation and transmission borrowers or (iii) 
cannot have more than 5% of notes and bonds be from any one particular 
borrower.
    c. The Guaranteed Lender will be required to place a lien on the 
pledged collateral in favor of RUS (as secured party) at the time that 
the pledged collateral is deposited with the collateral agent. RUS will 
have the right, in its sole discretion, within 14 business days to 
reject and require the substitution of any Pledged Collateral that the 
Guaranteed Lender deposits as collateral with the collateral agent. 
Prior to receiving any advances under the 313A Program, the Guaranteed 
Lender will be required to enter into a pledge agreement, satisfactory 
to RUS, with a banking institution serving as collateral agent.
    d. The Guaranteed Lender will be required to maintain pledged 
collateral at a level that is sufficient to ensure that, upon the 
occurrence of an event of default, resources will be available to cover 
(i) principal, interest, fees and (ii) reasonable expenses incurred by 
RUS as a result of a default or incurred pursuant to RUS's obligation 
to make related payments to FFB under the RUS Guarantee on all 
guarantees issued by RUS to FFB for the benefit of the Guaranteed 
Lender under Section 313A of the RE Act. The Guaranteed Lender will 
also be required to agree that the pledged collateral can be used for 
such purposes.
    e. The Guaranteed Lender will be required to agree to not to take 
any action that would have the effect of reducing the value of the 
Pledged Collateral below the level described above.
    f. Applicants must certify to the RUS, the portion of their 
Eligible Loan portfolio that is:
    (1) Refinanced RUS debt;
    (2) Debt of borrowers for whom both RUS and the applicants have 
outstanding loans; and
    (3) Debt of borrowers for whom both RUS and the applicant have 
outstanding concurrent loans pursuant to Section 307 of the RE Act, and 
the amount of Eligible Loans.
    2. Compliance with Federal Laws. Applicants must comply with all 
applicable Federal laws and regulations.
    a. This obligation is subject to the provisions contained in the 
Consolidated Appropriations Act, 2016, Public Law 114-113, Division A, 
Title VII, Sections 745 and 746, as amended and/or subsequently enacted 
for USDA agencies and offices regarding corporate felony convictions 
and corporate federal tax delinquencies.
    b. An authorized official within your organization must execute, 
date, and return the loan commitment letter and the Assurance Regarding 
Felony Conviction or Tax Delinquent Status for Corporate Applicants 
(Form AD-3031) to RUS by September 28, 2017; otherwise, the commitment 
will be void. This form is available at http://www.ocio.usda.gov/policy-directives-records-forms/forms-management/approved-computer-generated-forms.
    c. Uniform Commercial Code (UCC) Filing. The Borrower must provide 
RUS with evidence that the Borrower has filed the UCC financing 
statement required pursuant to Section 2.05(i) of the Pledge Agreement. 
Upon filing of the appropriate UCC financing statement, the Guaranteed 
Lender will provide RUS with a perfection opinion by outside counsel, 
satisfactory to RUS, which demonstrates that RUS's security interest in 
the Pledged Collateral under the Pledge Agreement is perfected.
    d. Additional conditions may be instituted for future obligations.

X. National Environmental Policy Act Certification

    For any proceeds to be used to refinance bonds and notes previously 
issued by the Guaranteed Lender for the RE Act purposes that are not 
obligated with specific projects, RUS has determined that these 
financial actions will not individually or cumulatively have a 
significant effect on the human environment as defined by the National 
Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.) and its 
implementing regulations at 40 CFR parts 1500-1508. However, for any 
new projects funded under the 313A Program, applicants must consult 
with RUS and comply with the Agency regulations at 7 CFR part 1970.

XI. Other Information and Requirements

    Applications must contain all of the required elements of this NOSA 
and all

[[Page 4841]]

standard requirements as required by 7 CFR part 1720. Additional 
supporting data or documents may be required by RUS depending on the 
individual application or financial conditions. All applicants must 
comply with all Federal Laws and Regulations.

XII. Agency Contacts

    A. Web site: http://www.rd.usda.gov/programs-services/all-programs/electric-programs
    B. Phone: (202) 205-8663.
    C. Fax: (844) 749-0736.
    D. Email: [email protected].
    E. Main point of contact: Amy McWilliams, Management Analyst, 1400 
Independence Avenue SW., STOP 1568, Room 0226-S, Washington, DC 20250-
1568.

XIII. USDA Non-Discrimination Statement

    In accordance with Federal civil rights law and U.S. Department of 
Agriculture (USDA) civil rights regulations and policies, the USDA, its 
Agencies, offices, and employees, and institutions participating in or 
administering USDA programs are prohibited from discriminating based on 
race, color, national origin, religion, sex, gender identity (including 
gender expression), sexual orientation, disability, age, marital 
status, family/parental status, income derived from a public assistance 
program, political beliefs, or reprisal or retaliation for prior civil 
rights activity, in any program or activity conducted or funded by USDA 
(not all bases apply to all programs). Remedies and complaint filing 
deadlines vary by program or incident.
    Persons with disabilities who require alternative means of 
communication for program information (e.g., Braille, large print, 
audiotape, American Sign Language, etc.) should contact the responsible 
Agency or USDA's TARGET Center at (202) 720-2600 (voice and TTY) or 
contact USDA through the Federal Relay Service at (800) 877-8339. 
Additionally, program information may be made available in languages 
other than English.
    To file a program discrimination complaint, complete the USDA 
Program Discrimination Complaint Form, AD-3027. This form is available 
at http://www.ocio.usda.gov/policy-directives-records-forms/forms-management/approved-computer-generated-forms and at any USDA office or 
write a letter addressed to USDA and provide in the letter all of the 
information requested in the form. To request a copy of the complaint 
form, call (866) 632-9992. Submit your completed form or letter to USDA 
by:
    (1) Mail: U.S. Department of Agriculture, Office of the Assistant 
Secretary for Civil Rights, 1400 Independence Avenue SW., Washington, 
DC 20250-9410;
    (2) Fax: (202) 690-7442; or
    (3) Email: [email protected].
    USDA is an equal opportunity provider, employer, and lender.

    Authority:  7 U.S.C. 940c-1.

    Dated: December 20, 2016.
Joshua Cohen,
Deputy Administrator, Rural Utilities Service.
[FR Doc. 2017-00831 Filed 1-13-17; 8:45 am]
 BILLING CODE 3410-15-P

4838

Notices Federal Register
Vol. 82, No. 10

Tuesday, January 17, 2017

This section of the FEDERAL REGISTER loan funds for this program. It is File a Complaint, Persons With
contains documents other than rules or necessary to publish this notice at this Disabilities
proposed rules that are applicable to the time to ensure that applicants have
public. Notices of hearings and investigations,
I. Funding Opportunity Description
sufficient time to prepare applications
committee meetings, agency decisions and and to ensure that the agency has A. Purpose of the 313A Program
rulings, delegations of authority, filing of
petitions and applications and agency
sufficient time and resources to evaluate The purpose of the 313A Program is
statements of organization and functions are applications. to make guaranteed loans to selected
examples of documents appearing in this DATES: Completed applications must be applicants (each referred to as
section. received by RUS no later than 5:00 p.m. ‘‘Guaranteed Lender’’ in this NOSA and
Eastern Daylight Time (EDT) on April in the Program Regulations) that are to
28, 2017. be used (i) to make loans for
DEPARTMENT OF AGRICULTURE ADDRESSES: Applicants are required to electrification or telecommunications
submit one original and two copies of purposes eligible for assistance under
Rural Utilities Service the RE Act (defined herein) and
their loan applications to the U.S.
Announcement of Application Department of Agriculture, Rural regulations for the 313A Program
Deadlines and Requirements for Utilities Service, Electric Program, located at 7 CFR part 1720 (also referred
Section 313A Guarantees for Bonds ATTN: Amy McWilliams, Management to as the ‘‘Program Regulations’’ in this
and Notes Issued for Electrification or Analyst, 1400 Independence Avenue NOSA), or (ii) to refinance bonds or
Telephone Purposes Loan Program for SW., STOP 1568, Room 0226–S, notes previously issued by the
Fiscal Year (FY) 2017 Washington, DC 20250–1568. Guaranteed Lender for such purposes.
FOR FURTHER INFORMATION CONTACT: For The proceeds of the guaranteed bonds
AGENCY: Rural Utilities Service, USDA. further information contact Amy and notes are not to be used by the
ACTION:Notice of Solicitation of McWilliams, Management Analyst, 1400 Guaranteed Lender to directly or
Applications (NOSA). Independence Avenue SW., STOP 1568, indirectly fund projects for the
Room 0226–S, Washington, DC 20250– generation of electricity.
SUMMARY: The Rural Utilities Service
(RUS), an agency of the United States 1568. Telephone: (202) 205–8663; or B. Statutory Authority
Department of Agriculture (USDA), email: amy.mcwilliams@wdc.usda.gov
The 313A Program is authorized by
announces the application window, SUPPLEMENTARY INFORMATION: Section 313A of the Rural Electrification
requirements and funding for loans that Overview Act of 1936, as amended (7 U.S.C. 940c–
may become available for Fiscal Year 1) (the RE Act) and is implemented by
(FY) 2017 under the Guarantees for Federal Agency: Rural Utilities
regulations located at 7 CFR part 1720.
Bonds and Notes Issued for Service, USDA.
The Administrator of RUS (the
Electrification or Telephone Purposes Funding Opportunity Title:
Administrator) has been delegated
Program (the 313A Program) authorized Guarantees for Bonds and Notes Issued
responsibility for administering the
under the Rural Electrification Act of for Electrification or Telephone
313A Program.
1936, as amended, and related terms. Purposes for Fiscal Year (FY) 2017.
Under the 313A Program, the Federal Announcement Type: Guarantees for C. Definition of Terms
Financing Bank (FFB) will make loans Bonds and Notes. The definitions applicable to this
to the selected applicant(s) and RUS Catalog of Federal Domestic NOSA are published at 7 CFR 1720.3.
will guarantee the applicant(s)’s Assistance (CFDA) Number: 10.850
repayment of the loans to FFB. Selected Due Date for Applications: D. Application Awards
applicants may use the proceeds of loan Applications must be received by RUS RUS will review and evaluate
funds made available under the 313A by 5:00 p.m. Eastern Daylight Time applications received in response to this
Program to make loans to borrowers for (EDT) on April 28, 2017. NOSA based on the regulations at 7 CFR
electrification or telecommunications Items in Supplementary Information 1720.7, and as provided in this NOSA.
purposes, or to refinance bonds or notes
I. Funding Opportunity Description II. Award Information
previously issued by applicants for such
II. Award Information
purposes. The proceeds of the Type of Awards: Guaranteed Loans.
III. Eligibility Information
guaranteed bonds and notes are not to IV. Fiscal Year 2017 Application and Fiscal Year Funds: FY 2017.
be used by applicants to directly or Submission Information Award Amounts: RUS anticipates
indirectly fund projects for the V. Application Review Information making multiple approvals under this
generation of electricity. VI. Issuance of the Guarantee NOSA. The number, amount and terms
This notice is based on loan levels VII. Guarantee Agreement of awards under this NOSA will
contemplated by the FY 17 Continuing VIII. Reporting Requirements depend, in part, on the number of
sradovich on DSK3GMQ082PROD with NOTICES

Resolution and on information available IX. Award Administration Information eligible applications and the amount of
to the agency at the time of this notice. X. National Environmental Policy Act funds requested. In determining
Certification
The final amount of funding made XI. Other Information and Requirements
whether or not to make an award, the
available under this notice could be XII. Agency Contacts: Web site, Phone, Fax, RUS will take overall program policy
affected by subsequent Congressional Email, Contact Name objectives into account.
action or subsidy rate calculations. Last XIII. Non-Discrimination Statement: USDA Application Date: See SUPPLEMENTARY
year, the RUS obligated $750 million in Non-Discrimination Statement, How To INFORMATION herein.

VerDate Sep<11>2014 18:21 Jan 13, 2017 Jkt 241001 PO 00000 Frm 00001 Fmt 4703 Sfmt 4703 E:\FR\FM\17JAN1.SGM 17JAN1

Document Created: 2017-01-14 01:44:34
Document Modified: 2017-01-14 01:44:34

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice of Solicitation of Applications (NOSA).
Dates		Completed applications must be received by RUS no later than 5:00 p.m. Eastern Daylight Time (EDT) on April 28, 2017.
Contact		For further information contact Amy McWilliams, Management Analyst, 1400 Independence Avenue SW., STOP 1568, Room 0226-S, Washington, DC 20250-1568. Telephone: (202) 205- 8663; or email: [email protected]
FR Citation		82 FR 4838

82 FR 4838 - 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) 2017

DEPARTMENT OF AGRICULTURERural Utilities Service

Federal Register Volume 82, Issue 10 (January 17, 2017)

DEPARTMENT OF AGRICULTURE
Rural Utilities Service