H.R.12207 - Rural Electrification Administration Technical Amendments Act94th Congress (1975-1976)
|Sponsor:||Rep. Bergland, Bob [R-MN-7] (Introduced 03/02/1976)|
|Committees:||House - Agriculture | Senate - Agriculture and Forestry|
|Committee Reports:||H.Rept 94-1025; S.Rept 94-1314|
|Latest Action:||10/20/1976 Public law 94-570. (All Actions)|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- Resolving Differences
- To President
- Became Law
Summary: H.R.12207 — 94th Congress (1975-1976)All Information (Except Text)
(Reported to Senate from the Committee on Agriculture and Forestry with amendment, S. Rept. 94-1314)
Reported to Senate with amendment(s) (09/28/1976)
Rural Electrification Administration Technical Amendments Act - Amends the Rural Electrification Act of 1936 to stipulate that the unobligated balance of funds made available for loans by the Rural Electrification Administration shall become part of the Rural Electrification and Telephone Revolving Fund.
Revises criteria for issuance of loans at the special rate of two percent by the Administration by establishing separate criteria for telephone borrowers and electric borrowers based on the following factors: average subscriber density, distribution plant, general plant, annual gross revenue, and cost of power.
Provides that insured loans made pursuant to applications for such loans which would otherwise lose eligibility for special rate financing upon enactment of this Act, received by the Rural Electrification Administration and still pending on the date of enactment, shall bear interest as determined under the Rural Electrification Act of 1936 before its amendment by the Act.