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a/ Include a transfer of $120,000 and 4 staff-years from FMHA in fiscal year 1980 for

administration of the Community Antenna Television loan program. b/ Amounts in fiscal year 1980 were provided by transfer from the Rural Development Insurance

Fund, FmHA.

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1982 : : Headquarters : Field : Total : : Headquarters : Field : Total

1981

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Total

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15

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153

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1980 Headquarters : Field :

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positions ...... Average Grade, GS

positions ....

10.51

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RURAL ELECTRIFICATION ADMINISTRATION

The estimates include appropriation languages for this item as follows (new language underscored; deleted matter enclosed in brackets):

RURAL ELECTRIFICATION ADMINISTRATION

To carry into effect the provisions of the Rural Electrification Act of 1936, as amended (7 U.S.c. 901-905(b)). as follows:

RURAL ELECTRIFICATION AND TELEPHONE REVOLVING FUND LOAN AUTHORIZATIONS

Insured loans pursuant to the authority of section 305 of the Rural
Electrification Act of 1936, as amended (7 U.S.C. 935), shall be made
as follows: rural electrification loans, not less than $850,000,000,
nor more than $1,100,000,000 ] $1,000,000,000, and rural telephone
loans, not less than $250,000,000, nor more than $325,000,000, to
remain available until expended: Provided, That loans made pursuant
to section 306 of that Act are in addition to these amounts, but during
1982, total commitments to guarantee loans pursuant to section 306,
shall not be less than $5,145,000,000, nor more than $6,655,000,000
of contingent liability for loan principal.

The first change reduces the upper range of authorization on insured electric loans from the $1.1 billion in the 1981 Act to $1.0 billion. The $1.0 billion should be adequate to meet any change in economic conditions which might occur in Fiscal Year 1982.

The second change proposes a limitation on new loan guarantee commitments for electric and telephone programs consistent with the purposes of the Federal Credit Contro. program initiated in Fiscal Year 1981. The limitations should provide ample guarantee commitment authority to meet the demand for generation, transmissions, and telephone facilities needed by REA borrowers.

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Telephone Loans:
Insured Loan Program:
Appropriation Act, 1981 al ......
Budget Estimate, 1982 al ........

Chunge ..................
Loan Guarantee Commitments: b ...

Appropriation Act, 1981
Budget Estimate, 1982 ...

Change ..........................
Increase (Decrease) Over 1981

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