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

Shown Here:
Introduced in House (02/02/1994)

Amends the Rural Electrification Act of 1936 to restrict loan eligibility to only those persons unable to reasonably obtain sufficient credit elsewhere.

Authorizes the Administrator of the Rural Electrification Administration (REA) to determine appropriate interest rates for REA loans and advances.

Terminates: (1) rural telephone service loan authority; and (2) rural economic development authority.

Establishes loan priorities.