Rural Electrification Loans and Loan Guarantees

 

To assure that people in eligible rural areas have access to electric services comparable in reliability and quality to the rest of the Nation and to assist borrowers in implementation of demand-side management, energy efficiency and conservation programs and on-grid and off-grid renewable energy systems.

Active 10.850 Rural Utilities Service, Department of Agriculture E - Direct Loans; F - Guaranteed/Insured Loans Not applicable. Rural Electrification Act of 1936, as amended, 7 U.S.C. 901-950. Rural electric cooperatives, public utility districts, municipalities, corporations, and other qualified power suppliers including those located in the U.S. Territories, the Federated States of Micronesia, the Republic of the Marshall Islands, and the Republic of Palau. Persons, businesses, public bodies, tribal entities, and other entities in rural areas (as defined in program regulations) or those currently served through RUS electric loans. . Rural areas are defined in the Rural Electrification Act and program regulations as any area of the United States, or eligible insular areas, other than a city, town, or unincorporated area that has a population of greater than 20,000 inhabitants, or any area within a service area of an entity with an outstanding Rural Electrification Act loan on June 18, 2008. Not applicable. Preapplication coordination is required. An environmental impact statement is required for this listing. An environmental impact assessment is required for this listing. This program is excluded from coverage under E.O. 12372. An environmental impact statement or an environmental assessment is required for this program. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. This program is excluded from coverage under 2 CFR Part 200. Applications for direct loan and loan guarantees are made by resolution of the board of directors of the borrowing organization. Application packages are prepared with the assistance of RUS. Information on submitting applications is contained in 7 CFR Part 1710 and 1714. Depending on the amount of the loan requested, the RUS Administrator, Assistant Administrator, or appropriate Regional Director makes the final decision on approval of the loan upon a finding that it is economically feasible and serves the purposes of the Rural Electrification Act. Borrowers and Members of Congress are notified of the approval of a loan or loan guarantee directly, and the public is notified through normal media communications. Not applicable. Distribution loans and loan guarantees are approved generally on an average of 3 to 6 months as funding becomes available. Loan guarantees for transmission and generation projects are approved generally on an average of 6 to 12 months. Larger projects may take longer. Not applicable. Not applicable. Not applicable. Long-term, direct loans and loan guarantees to qualified organizations for the purpose of supplying or improving electric services on a continuing basis in rural areas. Not applicable. In accordance with the provisions of 2 CFR 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements, Subpart F, Audit Requirements (Revised, December 26, 2013)nonfederal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Subpart F. Annual audit or Management Report RUS borrowers keep the records prescribed for utility companies by the RUS regulations and the RUS Uniform System of Accounts, and by sound business practices. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. Direct loans are generally made for a period up to 35 years, which approximates the expected useful life of the facilities financed. Provision is normally made for advances to be completed within 4 years, but this period is subject to extension if required. Advances of funds are made as required by the borrower. The terms and conditions of non-federal loan guarantees are negotiated between the borrower and the non-RUS lender, subject to RUS approval. . RUS has General Field Representatives (GFRs) located in areas served by borrowers across the United States. Contact headquarters to find the GFR serving a specific area. Christopher McLean
1400 Independence Ave., Stop 1560

Washington, DC 20250 US
christopher.mclean@wdc.usda.gov
Phone: 2027209545 http://www.rd.usda.gov/programs-services/all-programs/electric-programs 12-1230-0-1-271 (Guaranteed/Insured Loans) FY 22$748,288,000.00; FY 23 est $2,167,000,000.00; FY 24 est $2,200,000,000.00; FY 21$4,411,859,000.00; FY 20$5,490,721,000.00; FY 19$4,989,254,000.00; FY 18$2,922,444,000.00; FY 17$2,776,979,000.00; FY 16$3,165,750,000.00; - Guaranteed Federal Financing Bank Loans(Direct Loans) FY 22$3,656,042,000.00; FY 23 est $4,333,000,000.00; FY 24 est $4,300,000,000.00; FY 21$0.00; FY 20$0.00; FY 19$0.00; FY 18$0.00; - (Guaranteed/Insured Loans) FY 22 FY 23 FY 24 FY 21 FY 20$0.00; FY 19$0.00; FY 18$0.00; - Average Guaranteed FFB: $32,668,948 Average. 7 CFR XVII. RUS publishes and issues upon request bulletins bearing on the financing, construction, operation, and maintenance of rural electric systems. Also available are annual statistical summaries; and the Rural Electrification Act of 1936, as amended. Not applicable.