General and Pre-Loan Policies and Procedures Common to Insured and Guaranteed Electric Loans

Rural Utilities Service, USDA.

Proposed rule.

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The Rural Utilities Service (RUS) is proposing to amend its regulations to revise the method of determining loan fund eligibility for ``ordinary replacements'' and authorize use of guaranteed financing for ``minor projects''. 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 non-controversial 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. Any parties interested in commenting on this action should do so at this time.

Comments on this proposed action must be received on or before July 22, 1999.

Written comments should be sent to Alex M. Cockey, Jr., Deputy Assistant Administrator, Electric Program, Rural Utilities Service, U.S. Department of Agriculture, STOP 1560, 1400 Independence Avenue, SW, Washington, DC 20250-1560. RUS requires, in hard copy, a signed original and three copies of all comments (7 CFR part 1700.30(e)). All comments received will be available for public inspection at room 4037 South Building (address as above) between 8 a.m. and 4 p.m. (7 CFR part 1.27(b)).

Alex M. Cockey, Jr., Deputy Assistant

Administrator, Electric Program, Rural Utilities Service, U.S. Department of Agriculture, STOP 1560, 1400 Independence Avenue, SW, Washington, DC 20250-1560. Telephone: (202) 720-9547. FAX (202) 690- 0717. E-mail: acockey@rus.usda.gov.