GroundRules
7 CFR 1786.100: Application procedure.
Where this section sits in the code
- Title 7—Agriculture
- Subtitle B—Regulations of the Department of Agriculture
- CHAPTER XVII—RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE
- PART 1786—PREPAYMENT OF RUS GUARANTEED AND INSURED LOANS TO ELECTRIC AND TELEPHONE BORROWERS
- Subpart E—Discounted Prepayments on RUS Notes in the Event of a Merger of Certain RUS Electric Borrowers
Any borrower seeking to prepay its RUS Notes under this Subpart should apply to the appropriate RUS Area Director not less than 60 days prior to one year after the effective date of the merger or consolidation by submitting:
(a) A board resolution that:
(1) Requests approval of the prepayment of the borrower's outstanding RUS Notes;
(2) States the intent of the borrower to comply with all eligibility criteria set forth in § 1786.99 of this subpart; and
(3) Identifies the source of financing.
(b) A list of all RUS Notes together with the outstanding amount on such notes.
(c) An opinion of counsel as to the effective date of the merger or consolidation.
(d) Such additional information as the Administrator will request.
Collected 2026-08-27T02:24:01Z. Source file · JSON