Federal Register - November 22, 1955
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Source: Federal Register
VOLUME 20
NUMBER 227
Washington, Tuesday, November 22, 1955
to be taken. I f an application is ac ceptable after legal, engineering, eco Chapter II-Rural Electrification Ad nomic, and financial studies, funds are ministration, Department of Agri obligated by a loan contract and the borrower gives a note, mortgage, and in culture some cases, other security.
P a r t 200 P r o c e d u r e s c Construction. Under the loan Part 200 of Title 6, issued September 11, agreements, REA reserves the right to 1946 11 P. R. 177A-294-296, inclusive approve the design and construction of redesignated at 13 P. R. 8248 as the facilities, and to require progress re amended April 23, 1949 14 P. R. 2006 ports on construction, and audits of the as amended August 26, 1952 17 F. R. borrowers records relating to construc 7765-7767 inclusive is hereby amended tion.
d Advance of loan funds. Loan as follows:
funds are advanced on the basis of req 1.
By deleting all of Part 200, and sub stituting therefor a new Part 200 reading uisitions submitted by borrowers in ac cordance with the loan contract.
as follows:
200.2 Loans pursuant to section 5
Sec.
of Rural Electrification Act a Gen 200.1 L oan s p u rs u a n t to section 4 of R u ra l eral. These loans are. made to finance Electrification Act.
200.2 L oan s p u rs u a n t to section 5 Of R u ra l the wiring of the premises of persons in Electrification Act.
rural areas and the purchase and in 200.3 Loan s p u rs u a n t to section 201 o f R u ra l stallation of electrical and plumbing ap Electrification Act.
pliances and equipment. The loans are 200.4 Studies, investigations, a n d reports.
generally required to be repaid over a 200.5 L o a n security activities.
period of five years and bear interest at 200.6 Issuances im p lem en tin g procedures.
two per centum per annum. The loans Au th o r ity : 200.1 to 200.5 issued under are ordinarily made to REA borrowers 49 Stat. 1363, as amended, 69 Stat. 131; 7
for relending to their consumers.
U. S. C . 901-915, 921-924.
b Loan applications. There is no 200.1 Loans pursuant to section 4 of standard or prescribed form of applica Rural Electrification Act a General. tion for this type of loan. The informa These loans are made to finance the con tion submitted in support of such an struction and operation of generating application should set forth the purposes plants, electric transmission and distri for which the loan is requested and the bution lines or systems to serve persons amount required Jfor each purpose. I f in rural areas not receiving central sta the Administrator approves a loan pro tion electric service. The loans must be posal, the applicant is notified and loan self-liquidating within a period of not to papers are forwarded for the signature exceed thirty-five years, bear interest at of the borrower.
c Advance of loan funds. Loan the rate o f two percentuin per annum, and must be reasonably secured in the funds are advanced on the basis of requi judgment of the Administrator. They sitions submitted by borrowers in ac may be made to persons, corporations, cordance with the loan contract.
public bodies, and to cooperative, non 200.3 Loans pursuant to section 201
profit, or limited dividend associations.
of Rural Electrification Act a Gen b Loan applications. Applicationseral. These loans are made for the pur for these loans are made on REA Form pose of financing the improvement, ex 740a, copies of which are made available pansion, construction, acquisition, and by REA on request. Applicants for an operation of telephone lines, facilities, or initial loan from the Rural Electrifica systems to furnish or improve telephone tion Administration for the construction service in rural areas. Borrowers are re of a rural power system are assisted in quired to provide a portion of the invest Perfecting their organization, in the ment themselves. The loans must be conduct of their surveys and in the self-liquidating within a period of not to preparation of the loan application. exceed thirty-five years, bear interest at After the information provided by the the rate o f two per centum per annum, application has been examined, the ap and must be reasonably secured in the C o n tin u e d o n next p a g e
plicant is notified of any further steps
TITLE 6 AGRICULTURAL CREDIT
CONTENTS
Agricultural Marketing Service Proposed rule making:
Milk, handling o f:
Nashville, Term_____________
New York metropolitan area.
Rules and regulations:
Lemons grown in California and Arizona; limitation of ship ments,____________________
PaSe 8607
8606
8605
Agriculture Department See Agricultural Marketing Serv ice; Commodity Stabilization Service; Rural Electrification Administration.
Alieri Property Office Notices:
Vested property, return of:
Bisetti, Aurelio_____________
Bucherer, Camilla H ________
Jaeckel, Dorothea___________
Mandilo, Antonio, et al______
Opatril, Theresia__________
Winkler, Christa-Monika____
8616
8616
8616
8616
8616
8616
Atomic Energy Commission Proposed rule making:
Priorities regulations___ ___ ____
8608
Civil Aeronautics Administra tion Rules and regulations:
Civil airways, designation of;
alterations____J______________ 8589
Control areas, control zones, and reporting points; desig nation o f________.__________
8591
Standard instrument approach procedures; alterations 2
documents ______________ 8593, 8599
Civil Aeronautics Board Notices:
Empresa de T r a n s p o r t e s , Aerovias Brasil, S. A.; prehearing conference _____
Seaboard & Western Airlines, Inq.; hearing,______________
8615
8615
Commerce Department See Civil Aeronautics Administra tion.
Commodity Stabilization Service Rules and regulations:
Domestic beet sugar; propor tionate shares for 1955
crop:
California___________________
New Mexico______________
/ Ohio___________________
8587
8602
8602
8604