Bill summaries are authored by CRS.

Shown Here:
Passed Senate amended (10/05/1992)

Rural Electrification Administration Improvement Act of 1992 - Amends the Rural Electrification Act of 1936 to revise discounted loan prepayment provisions to permit prepayment or sale of a loan that was advanced before May 1, 1992, or has been advanced for not less than two years at the lesser of: (1) the loan's outstanding principal balance; or (2) the loan's discounted present value.

Limits future loan eligibility for certain prepaying borrowers.