There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (04/03/1987)

Amends the Rural Electrification Act of 1936 to permit Rural Electrification Administration borrowers to prepay Federal Financing Bank loans without penalties if: (1) private capital is used to replace such loans; and (2) any savings will be used to avoid future rate increases, passed on to customers, or used to improve the borrower's financial strength.