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CHAPTER XVII—RURAL UTILITIES
EDITORIAL NOTE: Nomenclature changes to Chapter XVII appear at 59 FR 66440, Dec. 27, 1994.
Part 1700 1703 1710
mon to insured and guaranteed electric loans
tric loans ......
sured and guaranteed electric loans .....
anteed and insured telephone loans
phone loans (Reserved]
anteed and insured telephone loans
553 Part 1748
Post-loan policies and procedures for insured tele
phone loans (Reserved] Telecommunications system planning and design
criteria, and procedures Telecommunications system construction policies
and procedures Telecommunications standards and specifications
for materials, equipment and construction .......... Telephone systems operations and maintenance
[Reserved] Accounting requirements for RUS electric borrow
ers .... Accounting requirements for RUS telephone bor
rowers Policy on audits of RUS borrowers Loan account computations, procedures and poli
cies for electric and telephone borrowers ....... Prepayment of RUS guaranteed and insured loans
to electric and telephone borrowers RUS fidelity and insurance requirements for elec
tric and telephone borrowers
tions, and Executive Orders
and telephone borrowers
cy Issuances and Certain Correspondence
1700.90 General. 1700.91 Senior loan review committee. 1700.92 Assistant Administrator's loan com
mittee. 1700.93 Rural economic development rec
ommendation committee. 1700.94-1700.99 (Reserved)
Subpart B-Programs 1700.20 Insured electric loans pursuant to
section 305 of the Rural Electrification
Act, as amended. 1700.21 Insured telephone loans pursuant to
section 305 of the Rural Electrification
Act, as amended. 1700.22 Rural Telephone Bank loans pursu
ant to section 408 of the Rural Elec
trification Act, as amended. 1700.23 Guaranteed loans pursuant to sec
tion 306 of the Rural Electrification Act,
as amended. 1700.24 Loans and grants pursuant to sec
tion 313 of the RE Act. 1700.25 Other loan authorities. 1700.26 Studies, investigations, and reports. 1700.27 Loan security activities. 1700.28 Issuances implementing procedure. 1700.29 [Reserved)
Subpart H-Delegations of Authority; Rural
Economic Development, Program Support, and Borrower Accounting Activities
1700.100 General. 1700.101 Deputy Administrator. 1700.102 Assistant Administrator-Eco
nomic Development and Technical Sery
ices. 1700.103 Director-Rural Development As
sistance Staff. 1700.104 Chief, Financing Branch-Rural De
velopment Assistance Staff. 1700.105 Director, Borrower Accounting Di
vision. 1700.106 Chief, Technical Accounting and
Auditing Staff. 1700.107 Chiefs, Area Accounting Branches. 1700.108 Field Accountants. 1700.109 Director-Program Support Staff. 1700.110—1700.119 [Reserved)
Subpart C-Public Information 1700.30 Availability of Agency publications
and other information, and collection of
public comments to proposed rules. 1700.31 Indexes. 1700.32 Requests for records. 1700.33 Appeals.
Subpart D-Delegations of Authority;
Subpart I-Delegations of Authority;
1700.40 Exercise of delegated authority. 1700.41 Persons serving in acting capacities. 1700.42 Persons serving as acting Adminis
trator. 1700.43 Persons serving as acting Assistant
Administrator. 1700.44 Contracts approved on behalf of the
Administrator. 1700.45–1700.59 (Reserved)
1700.120 General. 1700.121 Deputy Administrator. 1700.122 Assistant Administrator-Electric. 1700.123 Deputy Assistant Administrator
Electric 1700.124 Regional Directors. 1700.125 Chiefs, Regional Engineering
Branches. 1700.126 Chiefs, Area Operations Branches. 1700.127 Director—Power Supply Division.
1700.128 Chief, Operations Branch, Power
Supply Division. 1700.129 Chiefs, Power Engineering
Branches, Power Supply Division. 1700.130 General Field Representatives—
Electric. 1700.131 Director, Electric Staff Division. 1700.132 Technical Standards Committees
"A" and "B"-Electric. 1700.133—1700.139 (Reserved)
Subpart J-Delegations of Authority;
1700.140 General. 1700.141 General delegations. 1700.142 Deputy Administrator. 1700.143 Assistant Administrator-Tele
phone. 1700.144 Deputy Assistant Administrator
Telephone 1700.145 Regional Directors. 1700.146 Chiefs, Regional Engineering
Branches Telephone. 1700.147 Chiefs, Regional Operations
Branches-Telephone. 1700.148 General Field Representatives
Telephone. 1700.149 Director-Telecommunications
Standards Division. 1700.150 Technical Standards Committees
“A” and “B”—Telephone. 1700.151--1700.159 (Reserved)
8 1700.1 General.
(a) The Rural Electrification Administration (REA) was established by Executive Order No. 7037, signed by the President on May 11, 1935. Statutory authority was provided by the Rural Electrification Act of 1936 (RE Act) (49 Stat. 1363; 7 U.S.C. 901). The RE Act established REA as a lending agency with responsibility for developing a program for rural electrification.
(b) On October 28, 1949, an amendment to the RE Act authorized REA to make loans to improve and extend telephone service in rural areas. The Rural Telephone Bank (RTB or the Bank), an Agency of the United States, was established by another amendment to the RE Act, approved May 7, 1971. The Administrator of RUS serves as the Bank's chief executive with the title of Governor. On May 11, 1973, the RE Act was further amended to establish a revolving fund and to provide authority for REA to guarantee loans made by other legally organized lenders. The RE Act was amended further on December 21, 1987, to establish a Rural Economic Development Subaccount, and to authorize funds from this subaccount to provide zero-interest loans and grants to REA borrowers to promote rural economic development and job creation. The RE Act was also amended on November 5, 1990, to add a new section 314, which authorized REA to guarantee 90 percent of the principal and interest of loans made for electric and telephone facilities by legally organized lenders. It was further amended on November 28, 1990, to establish an Assistant Administrator for Economic Development and a rural development technical assistance unit; to expand the authorities and responsibilities of REA in rural economic development; and to establish a Rural Business Incubator Fund for making grants and reduced interest loans to electric and telephone borrowers to promote business incubator projects. At the same time, the Administrator was also granted authority for financial assistance for distance learning and medical link programs.
(c) The Secretary of Agriculture (Secretary) was required to establish the Rural Utilities Service (RUS) pursuant to section 232 of the Federal Crop
Subpart K-Delegations of Authority;
1700.160 General. 1700.161 Program Advisor, Financial Serv
ices Staff. 1700.162–1700.169 (Reserved]
Subpart L-Delegations of Authority;
Financial Operations Activities
1700.170 General. 1700.171 Deputy Administrator. 1700.172 Director, Financial Operations Di
vision. 1700.173 Chief, Loans Receivable Branch. 1700.174-1700.189 [Reserved]
AUTHORITY: 7 U.S.C. 901 et seq.; Pub. L. 103– 354, 108 Stat. 3178 (7 U.S.C. 6941 et seq.); 7 U.S.C. 1921 et seq.; 5 U.S.C. 301, 552; 7 CFR 1.11.16.
SOURCE: 55 FR 39596, Sept. 28, 1990, unless otherwise noted.
Subpart A-Organization and
SOURCE: 57 FR 6285, Feb. 24, 1992, unless otherwise noted.
Insurance Reform and Department of fices and divisions described in this Agriculture Reorganization Act of 1994, part. (Pub. L. 103–354, 108 Stat. 3178) (Reorga- (b) The Financial Services Staff pernization Act). The Reorganization Act forms the following functions: established RUS as successor to REA. (1) Evaluates financial conditions of On October 20, 1994, the Secretary abol- financially troubled borrowers; ished REA and established RUS. RUS
Negotiates settlements and was assigned responsibility for admin- “work-outs” of financially troubled istering electric and telephone loan borrowers who have or may have delinprograms previously administered by quent loans in order to satisfy the govREA, water and waste facility loans ernment's interests, keeping abreast of and grants previously administered by financial and legal factors that may afthe Rural Development Administra- fect the negotiations; tion, along with other functions as the (3) Coordinates the Agency's efforts Secretary determines appropriate. The to identify and develop strategies for rights, interests, obligations, duties, potentially financially troubled borand contracts previously vested in REA rowers; are transferred to and vested in RUS. (4) Develops techniques and criteria The Secretary designated the Adminis- for evaluating the financial and operattrator of RUS to serve as the Governor ing performance of certain rural elecof RTB.
tric and telephone borrowers; (d) The offices of RUS are located in (5) Develops certain standards, polithe South Building of the United cies, and procedures in connection with States Department of Agriculture at loan requirements and processing for 14th and Independence Avenue, SW.,
the electric and telephone programs; Washington, DC 20250-1500. The Elec- (6) Analyzes and evaluates certain tric and Telephone Programs are ad
loan requests and transactions to deministered by regional offices located termine whether the documentation at this same address. There is a North- justifies the request; ern and a Southern Regional Office,
(7) Serves as staff to the Senior Loan along with a Power Supply Division, Committee; for the electric program, and an East- (8) Keeps other government organizaern and a Western Regional Office for tions advised concerning activities of the telephone program. (See $1700.4(b) the staff; and and $ 1700.5(b).)
(9) Serves as RUS liaison to the cap
ital markets. (59 FR 66440, Dec. 27, 1994)
(c) The Equal Opportunity and Civil
Rights Staff administers the program $ 1700.2 Office of the Administrator.
for equal opportunity in the delivery of (a) The Administrator (who also services and benefits by RUS borrowers serves as Governor of the RTB) is ap- and in the employment practices in the pointed by the President, with the ad- Agency. The staff: vice and consent of the Senate, for a (1) Formulates and coordinates plans, term of 10 years. The Administrator policies and procedures for a nationfunctions as the chief executive of the wide program of nondiscrimination on Agency under the general supervision the part of RUS borrowers in carrying and direction of the Under Secretary out borrower programs subject to the for Rural Economic and Community provisions of title VI of the Civil Development. The Administrator is Rights Act of 1964 (42 U.S.C. 2000aaided directly by two Deputy Adminis- 2000h-6); section 504 of the Rehabilitatrators and by Assistant Administra- tion Act of 1973 (29 U.S.C. 701 et seq.); tors for the Electric Program, the Tele- the Age Discrimination Act of 1975 (42 phone Program, for Economic Develop- U.S.C. 6101-6107); the Americans with ment and Technical Services, and for Disabilities Act of 1990 (42 U.S.C. 12101 Management. The Financial Services et seq.); and Executive Order 11246 (3 Staff and the Equal Opportunity and CFR, 1964-1965 Comp., p. 339), as amendCivil Rights Staff also report directly ed by Executive Orders 11375 (3 CFR, to the Administrator. The work of the 1966–1970 Comp., p. 684) and 12086 (3 Agency is carried out through the of- CFR, 1978 Comp., p. 230).