RURAL TELEPHONE BANK 1600 GENERAL INFORMATION 1600.1 General. 1600.2 Definitions. 1600.3 Open meetings. 1600.4 Scheduling of meetings. 1600.5 Public announcement of meetings. 1600.6 Bases for closing a meeting to the public. 1600.7 Procedures for closing meeting to the public. 1600.8 Transcript, recording or minutes; availability to the public. 1610 LOAN PROCEDURES 1610.1 General 1610.2 Definitions. 1610.3 Loan authorizations. 1610.4 Loan applications. 1610.5 Minimum Bank loan. 1610.6 Concurrent Bank and REA cost-of-money loans. 1610.7 Acquisition of certain exchange facilities. 1610.8 Adoption of applicable REA policy. 1610.9 Class B stock. 1610.10 Determination of interest rate on Bank loans. 1610.11 Interest rate to be considered for purposes of assessing eligibility for loans. RURAL ELECTRIFICATION ADMINISTRATION 1700 GENERAL INFORMATION Subpart A-Organization and Functions 1700.1 General. 1700.2 Office of the Administrator. 1700.3 Office of the Deputy Administrator-Program Operations. 1700.4 Rural electric program. 1700.5 Rural telephone program. 1700.6 Economic development and technical services. 1700.7 Office of the Deputy Administrator-Management and Policy Support. 1700.8 Office of Assistant Administrator-Management. 1700.9 Information, legislation, policy and management analysis. 1700.10--1700.19 [Reserved] Subpart B-Programs 1700.20 Insured electric loans pursuant to section 305 of the Rural Electrification Act, as amended. 1700.21 Insured telephone loans pursuant to section 305 of the Rural Electrification Act, as amended. 1700.22 Rural Telephone Bank loans pursuant to section 408 of the Rural Electrification Act, as amended. 1700.23 Guaranteed loans pursuant to section 306 of the Rural Electrification, as amended. 1700.24 Loans and grants pursuant to section 313 of the RE Act. 1700.25 Other loan authorities. 1700.26 Studies, investigations, and reports. 1700.27 Loan security activities. 1700.28 Issuances implementing procedure. 1700.29 [Reserved] Subpart C-Public Information 1700.30 Availability of Agency publications and other information, and collection of public comments to proposed rules. 1700.31 Indexes. 1700.32 Request for records. 1700.33 Appeals. Subpart D-Delegations of Authority; General 1700.40 Exercise of delegated authority. 1700.41 Persons serving in acting capacities. 1700.42 Persons serving as acting Administrator. 1700.43 Persons serving as acting Assistant Administrator. 1700.44 Contracts approved on behalf of the Administrator. 1700.45-1700.59 [Reserved] Subpart E-Delegations of Authority; Agency Issuances and Certain Correspondence 1700.60 Agency issuances. 1700.61 Agency publications control officer. 1700.62-1700.69 [Reserved] Subpart F-Delegations; Authorities Reserved by the Administrator 1700.70 General. 1700.71 Rural economic development loan and grant and distance learning and medical link programs. 1700.72 Electric program. 1700.73 Telephone program. 1700.74-1700.89 [Reserved] Subpart G-Delegations of Authority; Loan Review Committees 1700.90 General. 1700.91 Senior loan review committee. 1700.92 Assistant Administrator's loan committee. 1700.93 Rural economic development recommendation committee. 1700.94-1700.99 [Reserved] Subpart H-Delegations of Authority; Rural Economic Development, Program Support, and Borrower Accunting Activities 1700.100 General. 1700.101 Deputy Administrator. 1700.102 Assistant Administrator - Economic Development and Technical Services. 1700.103 Director - Rural Development Assistance Staff. 1700.104 Chief, Financing Branch - Rural Development Assistance Staff. 1700.105 Director, Borrower Accounting Division. 1700.106 Chief, Technical Accounting and Auditing Staff. 1700.107 Chiefs, Area Accounting Branches. 1700.108 Field Accountants. 1700.109 Director - Program Support Staff. 1700.110-1700.119 [Reserved] Subpart I-Delegations of Authority; Electric Program 1700.120 General. 1700.121 Deputy Administrator. 1700.122 Assistant Administrator - Electric. 1700.123 Deputy Assistant Administrator - Electric 1700.124 Regional Directors. 1700.125 Chiefs, Regional Engineering Branches. 1700.126 Chiefs, Area Operations Branches. 1700.127 Director - Power Supply Division. 1700.128 Chief, Operations Branch, Power Supply Division. 1700.129 Chiefs, Power Engineering Branches, Power Supply Division. 1700.130 General Field Representatives - Electric. 1700.131 Director - Electric Staff Division. 1700.132 Technical Standards Committees "A" and "B" - Electric. 1700.133-1700.139 [Reserved] Subpart J-Delegations of Authority; Telephone Program 1700.140 General. 1700.141 General delegations. 1700.142 Deputy Administrator. 1700.143 Assistant Administrator - Telephone. 1700.144 Deputy Assistant Administrator - Telephone. 1700.145 Regional Directors. 1700.146 Chiefs, Regional Engineering Branches - Telephone 1700.147 Chiefs, Regional Operations Branches - Telephone. 1700.148 General Field Representatives - Telephone 1700.149 Director - Telecommunications Standards Division. 1700.150 Technical Standards Committees "A" and "B" - Telephone. 1700.151-1700.169 [Reserved] Subpart K-Delegations of Authority; Financial Services 1700.160 General. 1700.161 Program Advisor, Financial Services Staff. 1700.162-1700.169 [Reserved] Subpart L-Delegations of Authority; Financial Operations Activities 1700.170 General. 1700.171 Deputy Administrator. 1700.172 Director, Financial Operations Division. 1700.173 Chief, Loans Receivable Branch. 1700.174-1700.189 [Reserved] 1703 RURAL DEVELOPMENT Subpart A-[Reserved] Subpart B-Rural Economic Development Loan and Grant Program 1703.10 Purpose. 1703.11 Policy. 1703.12 Definitions. 1703.13 Source of funds. 1703.14 Disposition of funds in the subaccount. 1703.15 [Reserved] 1703.16 Eligibility 1703.17 Uses of zero interest loans and grants. 1703.18 Types of projects eligible for grant funding. 1703.19 General requirements for grant funding. 1703.20 Ineligible uses of zero-interest loans and grants. 1703.21 Limitations on the use of zero-interest loan and grant funds. 1703.22 Revolving loan program. 1703.23 Supplemental funds requirements for zero-interest loans and grants. 1703.24 [Reserved] 1703.25 Significance of REA financing to the total project cost. 1703.26 [Reserved] 1703.27 Owner's equity in the project. 1703.28 Maximum and minimum sizes of a zero-interest loan or grant application. 1703.29 Terms of zero-interest loan repayment. 1703.30 Approval of agreements. 1703.31 Transfer of employment or business. 1703.32 Environmental requirements. 1703.33 Other considerations. 1703.34 Applications. 1703.35 Section of the application covering the selection factors. 1703.36 Section of the application covering the project description. 1703.37 Section of the application covering the environmental impact of the project. 1703.38-1703.44 [Reserved] 1703.45 Review and analysis of applications. 1703.46 Documenting the evaluation and selection of applications for zero-interest loans and grants. 1703.47-1703.57 [Reserved] 1703.58 Post selection period. 1703.59 Final application processing and legal documents. 1703.60 [Reserved] 1703.61 Disbursement of zero-interest loan and grant funds. 1703.62-1703.65 [Reserved] 1703.66 Review and other requirements. 1703.67 Changes in project objective or scope. 1703.68 Loan and grant termination provisions. 1703.69-1703.99 [Reserved] Subpart C - [Reserved] Subpart D - Distance Learning and Medical Link Grant Program 1703.100 Purpose. 1703.101 Policy. 1703.102 Definitions. 1703.103 Applicant eligibility 1703.104 Grant purposes. 1703.105 Ineligible grant purposes. 1703.106 Maximum and minimum sizes of a grant. 1703.107 Conflicts of interest. 1703.108 Determining what is rural. 1703.109-1703.110 [Reserved] 1703.111 Compliance with other Federal statutes and regulations. 1703.112 [Reserved] 1703.113 Application filing dates and location. 1703.114 Application processing and contents. 1703.115 Public notice of applications received. 1703.116 [Reserved] 1703.117 Criteria for ranking applications. 1703.118 The comparative rurality of the proposed project service area. 1703.119 Other application ranking criteria. 1703.120-1703.121 [Reserved] 1703.122 Further processing of selected applications. 1703.123-1703.125 [Reserved] 1703.126 Disbursement of grant funds. 1703.127 Reporting and oversight requirements. 1703.128 Audit requirements. 1703.129-1703.134 [Reserved] 1703.135 Grant administration. 1703.136 Changes in project objectives or scope. 1703.137 Grant termination provisions. 1703.138 Environmental information. 1703.139 Telecommunications plan. 1703.140 Expedited telephone loans. APPENDIX A TO SUBPART D OF PART 1703 - ERS RURAL-URBAN CONTINUUM SCALE Subpart E - Deferments of REA Loan Payments for Rural Development Projects 1703.300 Purpose. 1703.301 Policy. 1703.302 Definitions and rules of construction. 1703.303 Eligibility criteria for deferment of loan payments. 1703.304 Restrictions on the deferment of loan payments. 1703.305 Requirements for deferment of loan payments. 1703.306 Limitation on funds derived from the deferment of loan payments. 1703.307 Use of deferments of loan payments. 1703.308 Amount of deferment funds available. 1703.309 Terms of repayment of deferred loan payments. 1703.310 Environmental considerations. 1703.311 Application procedures for deferment payments. 1703.312 REA review requirements. 1703.313 Compliance with other regulations. 1710 GENERAL AND PRE-LOAN POLICIES AND PROCEDURES COMMON TO INSURED AND GUARANTEED ELECTRIC LOANS Subpart A-General 1710.1 General statement. 1710.2 Definitions and rules of construction. 1710.3 Form revisions. 1710.4 Exception authority. 1710.5 Availability of forms. 1710.6 Applicability of certain provisions to completed loan applications. 1710.7 Exemptions of REA operational controls under section 306E of the RE Act. 1710.8-1710.49 [Reserved] Subpart B-Types of Loans and Loan Guarantees 1710.50 Insured loans. 1710.51 Loan guarantees. 1710.52-1710.99 [Reserved] Subpart C-Loan Purposes and Basic Policies. 1710.100 General. 1710.101 Types of eligible borrowers. 1710.102 Borrower eligibility for different types of loans. 1710.103 Area coverage. 1710.104 Service to non-RE Act beneficiaries. 1710.105 State regulatory approvals. 1710.106 Uses of loan funds. 1710.107 Amount lent for acquisitions. 1710.108 Mergers and consolidations. 1710.109 Reimbursement of general funds and interim financing. 1710.110 Supplemental financing. 1710.111 Refinancing. 1710.112 Loan feasibility. 1710.113 Loan security. 1710.114 TIER and DSC requirements. 1710.115 Loan maturity. 1710.116 Equity development plan. 1710.117 Environmental considerations. 1710.118 [Reserved] 1710.119 Loan processing priorities. 1710.120 Construction standards and contracting. 1710.121 Insurance requirements. 1710.122 Equal opportunity and nondiscrimination. 1710.123 Debarment and suspension. 1710.124 Uniform Relocation Act. 1710.125 Restrictions on lobbying. 1710.126 Federal debt delinquency. 1710.127 Drug free workplace. 1710.128-1710.149 [Reserved] Subpart D-Basic Requirements for Loan Approval 1710.150 General. 1710.151 Required findings for all loans. 1710.152 Primary support documents. 1710.153 Additional requirements and procedures. 1710.154-1710.199 [Reserved] Subpart E-Power Requirements Studies 1710.200 Purpose. 1710.201 Requirement to prepare a PRS-power supply borrowers. 1710.202 Requirement to prepare a PRS-distribution borrowers. 1710.203 Basic policies and requirements for a PRS. 1710.204 PRS work plan requirements. 1710.205 Basic criteria for REA approval of a PRS. 1710.206 Waiver of borrower requirements. 1710.207-1710.249 [Reserved] Subpart F-Construction Work Plans and Related Studies 1710.250 General. 1710.251 Construction work plans-distribution borrowers. 1710.252 Construction work plans-power supply borrowers. 1710.253 Engineering and cost studies-addition of generation capacity. 1710.254 Alternative sources of power. 1710.255-1710-299 [Reserved] Subpart G-Long-Range Financial Forecasts 1710.300 General. 1710.301 Financial forecasts-distribution borrowers. 1710.302 Financial forecasts-power supply borrowers. 1710.303 Power cost studies-power supply borrowers. 1710.304-1710.349 [Reserved] Subpart H-Demand Side Management and Renewable Energy Systems 1710.350 Purpose. 1710.351 General policy; renewable energy systems. 1710.352 General policy; energy resource conservation programs. 1710.353 General policy; demand side management. 1710.354 Eligible DSM activities. 1710.355 DSM loan applications. 1710.356 Integrated resource plans. 1710.357 DSM plans. 1710.358 Requirements for a DSM plan. 1710.359 DSM effects. 1710.360 Submittal of alternate documentation. 1710.361 Type and term of loans. 1710.362 Loan approval. 1710.363 Advance and documentation of use of loan funds. 1710.364 Loan limits. 1712 PRE-LOAN POLICIES AND PROCEDURES FOR GUARANTEED ELECTRIC LOANS [RESERVED] Subpart A - General 1712.1 General. 1712.2 Definitions. 1712.3 Initial contact. 1712.4-1712.49 [Reserved] Subpart B - Section 314 Loan Guarantees - Private Sector 1712.50 Legal authority. 1712.51 Eligible loan purposes. 1712.52 Eligible lenders. 1712.53 Exclusion of tax-exempt financing. 1712.54 Long guarantee limit. 1712.55 Loan security. 1712.56 Interest rates. 1712.57 Loan maturity 1712.58 Terms of repayment. 1712.59 Advance of funds. 1712.60 Fees for guaranteed loans. 1712.61 Loan servicing. 1712.62 Secondary transactions. 1712.63 Conflict of interest. 1712.64 Debarment and suspension. 1712.65 Borrower's loan guarantee application. 1712.66 Notice of lender selection. 1712.67 Lender's loan note. 1712.68 Lender's loan agreement. 1712.69 Lender's agreement. 1712.70 Conditional commitment to guarantee. 1712.71 Changes in conditions. 1712.72 Documents summary. 1712.73 Execution to final documents. 1712.74 Access to records of lender. 1712.75 Loan documentation. 1712.76-1712.99 [Reserved] APPENDIX A TO PART 1712 - LENDER'S AGREEMENT APPENDIX B TO PART 1712 - ASSIGNMENT GUARANTEE AGREEMENT APPENDIX C TO PART 1712 - NOTICE OF LENDER SELECTION APPENDIX D TO PART 1712 - CONDITIONAL COMMITMENT TO GUARANTEE APPENDIX E TO PART 1712 - LOAN NOTE GUARANTEE APPENDIX F TO PART 1712 - LOAN NOTE 1714 PRE-LOAN POLICIES AND PROCEDURES FOR INSURED ELECTRIC LOANS Subpart A-General 1714.1 [Reserved] 1714.2 Definitions. 1714.3 Applicability of provisions. 1714.4 Interest rates. 1714.5 Determination of interest rates on municipal rate loans. 1714.6 Interest rate term. 1714.7 Interest rate cap. 1714.8 Hardship rate loans. 1714.9 Prepayment of insured loans. 1714.10-1714.49 [Reserved] 1717 POST-LOAN POLICIES AND PROCEDURES COMMON TO INSURED AND GUARANTEED ELECTRIC LOANS Subpart A-F[Reserved] Subpart G-Federal Pre-emption in Rate Making in Connection With Power Supply Borrowers 1717.300 Purpose. 1717.301 Policy. 1717.302 Definitions and rules of construction. 1717.303 Requirements of REA Documents. 1717.304 State Regulatory Authority Rate Jurisdiction. 1717.305 Pre-emption. 1717.306 REA Required rates. 1717.307 Distribution members' rates. 1717.308 REA Approval of nonconforming rates. 1717.309 Additional statutory pre-emption. 1717.310-1717.349[Reserved] Subpart H-Federal Pre-emption in Rate Making in Connection With REA Electric Borrowers in Bankruptcy 1717.350 Purpose. 1717.351 Policy. 1717.352 Definitions and rules of construction. 1717.353 Requirements of REA documents. 1717.354 Pre-emption. 1717.355 REA required rates. 1717.356 Additional statutory pre-emption. Subpart I-M[Reserved] Subpart N-Investments, Loans, and Guarantees by Electric Borrowers 1717.650 Purpose. 1717.651 Policy. 1717.652 Definitions. 1717.653 General. 1717.654 Exclusions. 1717.655 Records. 1717.656 Effect of this subpart on REA loan contract and mortgage. 1717.657 Restrictions imposed by other lenders. 1717.658 Investments, loans, and guarantees in excess of 15 percent of Total Utility Plant. Subpart O [Reserved] 1717.700-1717.749 [Reserved] Subpart P - [Reserved] 1717.750-1717.799 [Reserved] Subpart Q - [Reserved] 1717.800-1717.849 [Reserved] Subpart R - Lien Accommodations and Subordinations for 100 Percent Private Financing 1717.850 General. 1717.851 Definitions. 1717.852 Financing purposes. 1717.853 Loan terms and conditions. 1717.854 Advance approval - 100 percent private financing of distribution, subtransmission, and headquarters facilities. 1717.855 Application contents: Advance approval-100 percent private financing of distribution, subtransmission, and headquarters facilities. 1717.856 Application contents: Normal review-100 percent private financing of distribution, transmission and/or generation facilities. 1717.857 Refinancing of existing secured debt-distribution and power supply borrowers. 1717.858 Lien subordination for rural development investments. 1717.859 Application process and timeframes. 1717.860 Lien accommodations and subordinations under section 306E of the RE Act. 1717.861-1717.899 [Reserved] Subpart S-Lien Accommodations for Supplemental Financing Required by 7 CFR 1710.110 1717.900 Qualifications requirements. 1717.901 Early approval. 1717.902 Other REA requirements. 1717.903 Liability. 1717.904 Exemptions pursuant to section 306E of the RE Act. 1717.905-1717.949 [Reserved] 1719 POST-LOAN POLICIES AND PROCEDURES FOR GUARANTEED ELECTRIC LOANS Subpart A - General 1719.1 General. 1719.2 Definitions. 1719.3-1719.49 [Reserved] Subpart B-Section 314 Loan Guarantees-Private Sector 1719.50 Legal authority. 1719.51 Purpose. 1719.52 Loan servicing 1719.53 Secondary transactions. 1719.54 Borrower prepayments. 1719.55 Refinancing. 1719.56 Payments under lender's agreement. 1719.57 Obligations of borrower. 1719.58 Replacement of documents. 1719.59-1719.99 [Reserved] 1721 POST-LOAN POLICIES AND PROCEDURES FOR INSURED ELECTRIC LOANS Subpart A-Advance of Funds 1721.1 Advances. Subpart B[Reserved] 1724 ELECTRIC SYSTEM PLANNING AND DESIGN POLICIES AND PROCEDURES Subpart A-General[Reserved] Subpart B-Architectural Services[Reserved] Subpart C-Engineering Services[Reserved] Subpart D-Electric System Planning[Reserved] Subpart E-Electric System Design 1724.41 Compliance with National Electrical Safety Code. 1724.42-1742.44 [Reserved] 1724.45 Permitted deviations from REA construction standards. 1726 ELECTRIC SYSTEM CONSTRUCTION POLICIES AND PROCEDURES Subpart A-General[Reserved] Subpart B-Purchase of Materials and Equipment[Reserved] Subpart C-Construction[Reserved] Subpart D-Contract Closeout Procedures[Reserved] Subpart E-Procurement Procedures[Reserved] Subpart F-Modifications to REA Standard Contracts [Reserved] Subpart G-Standard Forms of Electric Contracts 1726.300 LIST OF STANDARD FORMS OF ELECTRIC CONTRACTS 1728 ELECTRIC STANDARDS AND SPECIFICATIONS FOR MATERIALS AND CONSTRUCTION 1728.10 General purpose and scope. 1728.20 Establishment of standards and specifications. 1728.30 Inclusion of an item for listing or technical acceptance. 1728.40 Procedure for submission of a proposal. 1728.50 Removal of an item for listing or technical acceptance. 1728.60 List of materials and equipment. 1728.70 Procurement of materials. 1728.97 Incorporation by reference of electric standards and specifications. 1728.201 REA Bulletin 1728H-701, REA Specification for Wood Crossarms (Solid and Laminated), Transmission Timbers and Pole Keys. 1728.202 REA Bulletin 1728H-702, REA Specification for Quality Control and Inspection of Timber Products. 1730 ELECTRIC SYSTEM OPERATIONS AND MAINTENANCE [RESERVED] 1735 GENERAL POLICIES, TYPES OF LOANS, LOAN REQUIREMENTS- TELEPHONE PROGRAM Subpart A-General 1735.1 General statement. 1735.2 Definitions. 1735.3 Availability of forms. 1735.4-1735.9 [Reserved] Subpart B-Loan Purposes and Basic Policies 1725.10 General. 1735.11 Area coverage. 1735.12 Nonduplication. 1735.13 Location of facilities and service for nonrural subscribers. 1735.14 Borrower eligibility. 1735.15 Civil rights. 1735.16 Minimum loan amount. 1735.17 Facilities financed. 1735.18 Additional equity. 1735.19 Mergers and consolidations. 1735.20 Acquisitions. 1735.21 Refinancing loans. 1735.22 Loan security. 1735.23-1735.29 [Reserved] Subpart C-Types of Loans 1735.30 Hardship loans. 1735.31 REA cost-of-money and RTB loans. 1735.32 Guaranteed loans. 1735.33-1735.39[Reserved] Subpart D-Terms of Loans 1735.40 General. 1735.41 Notes. 1735.42 [Reserved] 1735.43 Payments on loans. 1735.44 Prepayment premiums. 1735.45 Extension of payments. 1735.46 Loan security documents. 1735.47 Rescissions of loans. 1735.48-1735.49[Reserved] Subpart E-Requirements for Loan Approval 1735.50 Administrative findings. 1735.51 Required findings. 1735.52 Findings required for particular loan purposes. 1735.53-1753.59 [Reserved] Subpart F-Mortgage Controls on Acquisitions Mergers 1735.60 Specific provisions. 1735.61 Approval criteria. 1735.62 Approval of acquisitions and mergers. 1735.63-1735.69 [Reserved] Subpart G-Acquistions Involving Loan Funds 1735.70 Use of loan funds. 1735.71 Nonrural areas. 1735.72 Acquisition agreements. 1735.73 Loan design. 1735.74 Submission of data. 1735.75 Interim financing. 1735.76 Acquisition of affiliates. 1735.77 Release of loan funds, requisitions, advances. 1735.78-1735.79 [Reserved] Subpart H-Acquisitions or Mergers Not Involving Additional Loan Funds 1735.80 Submission of data. 1735.81-1735.89 [Reserved] Subpart I-Requirements for All Acquisitions and Mergers 1735.90 Preliminary approvals. 1735.91 Location of facilities. 1735.92 Accounting considerations. 1735.93 Notes. 1735.94 Final approval and closing procedure. 1735.95 Unadvanced loan funds. 1735.96-1735.99 [Reserved] Subpart J-Toll Line Acquisitions 1735.100 Use of loan funds. 1735.101 With nonloan funds. 1737 PRE-LOAN POLICIES AND PROCEDURES COMMON TO GUARANTEED AND INSURED TELEPHONE LOANS Subpart A-General 1737.1 General statement. 1737.2 Definitions. 1737.3 Availability of REA forms. 1737.4-1737.9 [Reserved] Subpart B-Preapplication Stage 1737.10 Initial contact. 1737.11 Preapplication determinations. 1737.12-1737.19 [Reserved] Subpart C-The Loan Application 1737.20 [Reserved] 1737.21 The completed loan application. 1737.22 Supplementary information. 1737.23-1737.29 [Reserved] Subpart D-Preloan Studies-Area Coverage Survey and Loan Design 1737.30 General. 1737.31 Area Coverage Survey (ACS). 1737.32 Loan Design (LD). 1737.33-1737.39[Reserved] Subpart E-Interim Financing of Construction of Telephone Facilities 1737.40 General. 1737.41 Procedure for obtaining approval. 1737.42 Procedure for construction. 1737.43-1737.49 [Reserved] Subpart F-Review of Application Procedures 1737.50 Review of completed loan application. 1737.51 Approval of loan design. 1737.52-1737.59 [Reserved] Subpart G-Project Cost Estimation Procedures 1737.60 Telephone loan budget. 1737.61 Cost allocation for rural and nonrural areas. 1737.62-1737-69[Reserved] Subpart H-Feasibility Determination Procedures 1737.70 Description of feasibility study. 1737.71 Interest rate to be considered for the purpose of assessing feasibility for loans. 1737.72-1737.79 [Reserved] Subpart I-Characteristics Letter 1737.80 Description of characteristics letter. 1737.81-1737.89 [Reserved] Subpart J-Final Loan Approval Procedures 1737.90 Loan approval requirements. 1737.91 Approval. 1737.92 Loan documents. 1737.93-1737.99 [Reserved] Subpart K-Release of Funds Procedure 1737.100 Prerequisites to the release and advance of funds. 1737.101 Amounts spent for preloan activities. 1737.102-1737.109 [Reserved] 1739 PRE-LOAN POLICIES AND PROCEDURES FOR GUARANTEED TELEPHONE LOANS [RESERVED] Subpart A - General 1739.1 General. 1739.2 Definitions. 1739.3 Initial contact. 1739.4-1739.49 [Reserved] Subpart B-Section 314 Loan Guarantees-Private Sector 1739.50 Legal authority 1739.51 Eligible loan purposes. 1739.52 Eligible lenders. 1739.53 Exclusion of tax-exempt financing. 1739.54 Loan guarantee limit. 1739.55 Loan security. 1739.56 Interest rates. 1739.57 Loan maturity. 1739.58 Terms of repayment. 1739.59 Advance of funds. 1739.60 Fees for guaranteed loans. 1739.61 Loan servicing. 1739.62 Secondary transactions. 1739.63 Conflict of interest. 1739.64 Debarment and suspension. 1739.65 Borrower's loan guarantee application. 1739.66 Notice of lender selection. 1739.67 Lender's loan note. 1739.68 Lender's loan agreement. 1739.69 Lender's agreement. 1739.70 Conditional commitment to guarantee. 1739.71 Changes in conditions. 1739.72 Documents summary. 1739.73 Execution of final documents. 1739.74 Access to records of lender. 1739.75 Loan documentation. 1739.76-1739.99 [Reserved] APPENDIX A TO PART 1739 - LENDER'S AGREEMENT APPENDIX B TO PART 1739 - ASSIGNMENT GUARANTEE AGREEMENT APPENDIX C TO PART 1739 - NOTICE OF LENDER SELECTION APPENDIX D TO PART 1739 - CONDITIONAL COMMITMENT TO GUARANTEE APPENDIX E TO PART 1739 - LOAN NOTE GUARANTEE APPENDIX F TO PART 1739 - LOAN NOTE 1741 PRE-LOAN POLICIES AND PROCEDURES FOR INSURED TELEPHONE LOANS [RESERVED] 1744 POST-LOAN POLICIES AND PROCEDURES COMMON TO GUARANTEED AND INSURED TELEPHONE LOANS Subpart A[Reserved] Subpart B-Lien Accommodations and Subordination Policy 1744.20 General. 1744.21 Definitions. 1744.22-1744.29 [Reserved] 1744.30 Act purposes. 1744.31-1744.39 [Reserved] 1744.40 Non-Act purposes. 1744.41-1744.49 [Reserved] 1744.50 Application procedures. 1744.51-1744.59 [Reserved] Subpart C-Advance and Disbursement of Funds 1744.60 General. 1744.61 [Reserved] 1744.62 Introduction. 1744.63 The telephone loan budget. 1744.64 Budget adjustment. 1744.65 The construction fund. 1744.66 The financial requirement statement (FRS). 1744.67 Temporary excess construction funds. 1744.68 Order and method of advances of telephone loan funds. 1744.69 [Reserved] Subpart D-[Reserved] Subpart E-Borrower Investments 1744.200 General Statement. 1744.201 Definitions. 1744.202 Borrowers may make qualified investments without prior approval of the Administrator. 1744.203 Establishing amount of rural development investment. 1744.204 Rural development investments that do not meet the ratio requirements. 1744.205 Determinations and application of limitations described in §1744.202. 1744.206 Effect of subsequent failure to maintain ratios. 1744.207 Investment not to jeopardize loan security. 1744.208 Rural development investments before November 28, 1990. 1744.209 Records. 1744.210 Effect of this subpart on REA loan contract and mortgage. 1746 POST-LOAN POLICIES AND PROCEDURES FOR GUARANTEED TELEPHONE LOANS Subpart A - General 1746.1 General. 1746.2 Definitions. 1746.3-1746.49 [Reserved] Subpart B - Section 314 Loan Guarantees-Private Sector 1746.50 Legal authority. 1746.51 Purpose. 1746.52 Loan servicing. 1746.53 Secondary transactions. 1746.54 Borrower prepayments. 1746.55 Refinancing. 1746.56 Payments under lender's agreement. 1746.57 Obligations of borrower. 1746.58 Replacement of documents. 1746.59-1746.99 [Reserved] 1748 POST-LOAN POLICIES AND PROCEDURES FOR INSURED TELEPHONE LOANS [RESERVED] 1751 TELECOMMUNICATIONS SYSTEM PLANNING AND DESIGN CRITERIA, AND PROCEDURES Subpart A - [Reserved] 1751.1-1751.99 [Reserved] Subpart B - State Telecommunications Modernization Plan 1751.100 Definitions. 1751.101 General. 1751.102 STMP developer-eligibility. 1751.103 Loan requirements. 1751.104 Obtaining REA approval of a proposed STMP. 1751.105 Amending an STMP. 1751.106 STMP requirements and objectives. 1753 TELECOMMUNICATIONS SYSTEM CONSTRUCTION POLICIES AND PROCEDURES Subpart A-General 1753.1 General. 1753.2 Definitions. 1753.3 Preconstruction review. 1753.4 Major and minor construction. 1753.5 Methods of major construction. 1753.6 Standards, specifications, and general requirements. 1753.7 Plans and specifications (P&S). 1753.8 Contract construction procedures. 1753.9 Subcontracts. 1753.10 Preconstruction conference. 1753.11 Contract amendments. 1753.12-1753.14[Reserved] Subpart B-Engineering Services 1753.15 General 1753.16 Architectural services. 1753.17 Engineering services. 1753.18-1753.20 [Reserved] Subpart C-[Reserved] Subpart D-Construction of Buildings 1753.25 General. 1753.26 Plans and specifications (P&S) 1753.27 Bidding procedure. 1753.28 Contract amendments. 1753.29 Force account procedures. 1753.30 Closeout procedures. 1753.31-1753.35 [Reserved] Subpart E-Purchase and Installation of Central Office Equipment 1753.36 General. 1753.37 Plans and specifications (P&S). 1753.38 Procurement procedures. 1753.39 Closeout documents. 1753.40-1753.45 [Reserved] Subpart F-Outside Plant Major Construction by Contract 1753.46 General. 1753.47 Plans and specification (P&S). 1753.48 Procurement procedures. 1753.49 Closeout documents. 1753.50 Construction by Form 773 contract. 1753.51-1753.55 [Reserved] Subpart G-Outside Plant Major Construction by Force Account 1753.56 General. 1753.57 Procedures. 1753.58 Closeout Documents. 1753.59-1753.65 [Reserved] Subpart H-Purchase and Installation of Special Equipment 1753.66 General. 1753.67 Contracts and specifications. 1753.68 Purchasing special equipment. 1753.69-1753.75 [Reserved] Subpart I-Minor Construction 1753.76 General. 1753.77 Methods of minor construction. 1753.78 Construction by contract. 1753.79 Construction by force account. 1753.80 Minor construction procedure. 1753.81 Inspection and certification. 1753.82 Minor construction closeout. 1753.83-1753.90 [Reserved] Subpart J-Construction Certification Program 1753.91 General. 1753.92 Policies and requirements. 1753.93 Responsibilities. 1753.94 Procedures. 1753.95 Advance of loan funds. 1753.96 Certification addendum. 1753.97-1753.99 [Reserved] APPENDIX A - DOCUMENTS REQUIRED TO CLOSEOUT CONSTRUCTION OF BUILDINGS APPENDIX B - DOCUMENTS REQUIRED TO CLOSEOUT CENTRAL OFFICE EQUIPMENT CONTRACT APPENDIX C - DOCUMENTS REQUIRED TO CLOSEOUT TELEPHONE CONSTRUCTION CONTRACT REA FORM 515 APPENDIX D - STEP-BY-STEP PROCEDURE FOR CLOSING OUT TELEPHONE CONSTRUCTION CONTRACT LABOR AND MATERIALS, REA FORM 515 APPENDIX E - DOCUMENTS REQUIRED TO CLOSEOUT FORCE ACCOUNT OUTSIDE PLANT CONSTRUCTION APPENDIX F - DOCUMENTS REQUIRED TO CLOSEOUT SPECIAL EQUIPMENT CONTRACTS 1755 TELECOMMUNICATIONS STANDARDS AND SPECIFICATIONS FOR MATERIALS, EQUIPMENT AND CONSTRUCTION 1755.1-1755.2 [Reserved] 1755.3 Field trials. 1755.4-1755.92 [Reserved] 1755.93 List of standard forms of telecommunications contracts. 1755.94-1755.96 [Reserved] 1755.97 Incorporation by reference of telephone standards and specifications. 1755.98 List of telephone standards and specifications included in other 7 CFR parts. 1755.99-1755.369 [Reserved] 1755.370 REA specification for seven wire galvanized steel strand. 1755.371-1755.396 [Reserved] 1755.397 REA Special Equipment Specifications. 1755.398-1755.521 [Reserved] 1755.522 REA general specifications for digital, stored program controlled central office equipment. 1755.523-1755.524 [Reserved] 1755.525 Form 525, central office equipment contract (including installation.) 1755.526-1755.859 [Reserved] 1755.860 REA specification for filled buried wires. 1755.870 REA specification for terminating cable. 1755.871-1755.889 [Reserved] 1755.890 REA specification for filled telephone cables with expanded insulation. 1755.900 REA specification for filled fiber optic cables. 1757 TELEPHONE SYSTEMS OPERATIONS AND MAINTENANCE [RESERVED] 1767 ACCOUNTING REQUIREMENTS FOR REA ELECTRIC BORROWERS Subpart A - General [Reserved] 1767.1-1767.9 [Reserved] Subpart B-Uniform System of Accounts 1767.10 Definitions. 1767.11 Purpose. 1767.12 Accounting system requirements. 1767.13 Departures from the prescribed REA Uniform System of Accounts. 1767.14 Interpretations of the REA Uniform System of Accounts. 1767.15 General instructions. 1767.16 Electric plant instructions. 1767.17 Operating expense instructions. 1767.18 Assets and other debits. 1767.19 Liabilities and other credits. 1767.20 Plant accounts. 1767.21 Operating income. 1767.22 Other income and deductions. 1767.23 Interest charges. 1767.24 Extraordinary items. 1767.25 Retained earnings. 1767.26 Operating revenue. 1767.27 Operation and maintenance expenses. 1767.28 Customer accounts expenses. 1767.29 Customer service and informational expenses. 1767.30 Sale expenses. 1767.31 Administrative and general expenses. 1767.32-1767.40 [Reserved] 1767.41 Accounting methods and procedures required of all REA borrowers. 1767.42-1767.45 [Reserved] Subpart C-Depreciation Rates and Procedures [Reserved] 1767.46-1767.65 [Reserved] Subpart D-Preservation of Records [Reserved] 1767.66-1767.85 [Reserved] 1770 ACCOUNTING REQUIREMENTS FOR REA TELEPHONE BORROWERS Subpart A-General Provisions 1770.1-1770.9 [Reserved] Subpart B-Uniform System of Accounts 1770.10 General. 1770.11 Accounting system requirements. 1770.12 Supplementary accounts. 1770.13 Accounting requirements. 1770.14 Continuing property records. 1770.15 Supplementary accounts required of all borrowers. 1770.16 Supplementary account required of nonprofit organizations. 1770.17-1770.25 [Reserved] Subpart C-Accounting Interpretations 1770.26-1770.45 [Reserved] 1773 POLICY ON AUDITS OF REA BORROWERS Subpart A-General Provisions 1773.1 General. 1773.2 Definitions. Subpart B-REA Audit Requirements 1773.3 Annual audit. 1773.4 Borrower responsibilities. 1773.5 Qualifications of CPA. 1773.6 Audit agreement. 1773.7 Audit standards. 1773.8 Audit date. 1773.9 Disclosure of irregularities and illegal acts. 1773.10 Access to audit-related documents. 1773.11-1773.19 [Reserved] Subpart C-REA Requirements for the Submission and Review of the Auditor's Report, Report on Compliance, Report on Internal Controls, and Management Letter 1773.20 CPA's submission of the auditor's report, report on compliance, report on internal controls, and management letter. 1773.21 Borrower's review and submission of the auditor's report, report on compliance, report on internal controls, and management letter. 1773.22-1773.29 [Reserved] Subpart D-REA Reporting Requirements 1773.30 General. 1773.31 Auditor's report. 1773.32 Report on compliance. 1773.33 Report on internal controls. 1773.34 Management letter. 1773.35-1773.37 [Reserved] Subpart E-REA Required Audit Procedures and Documentation 1773.38 Scope of engagement. 1773.39 Utility plant and accumulated depreciation. 1773.40 Regulatory assets. 1773.41 Extraordinary retirement losses. 1773.42 Clearing accounts. 1773.43 Capital and equity accounts. 1773.44 Long-term debt. 1773.45 Regulatory liabilities. 1773.46-1773.49 [Reserved] APPENDIX A TO PART 1773 - SAMPLE AUDITOR'S REPORT FOR AN ELECTRIC COOPERATIVE APPENDIX B TO PART 1773 - SAMPLE AUDITOR'S REPORT FOR A CLASS A OR B COMMERCIAL TELEPHONE COMPANY APPENDIX C TO PART 1773 - ILLUSTRATIVE INDEPENDENT AUDITORS' MANAGEMENT LETTER 1785 LOAN ACCOUNT COMPUTATIONS, PROCEDURES AND POLICIES FOR ELECTRIC AND TELEPHONE BORROWERS Subpart A-Loan Payments and Statements 1785.1-1785.16 [Reserved] 1785.17 Basis dates and termination of unadvanced loan fund commitments-electric. Subpart B-REA Cushion of Credit Account Computations and Procedures 1785.66 General. 1785.67 Definitions. 1785.68 Establishing an REA cushion of credit payment account. 1785.69 Cushion of credit payment account computations. 1785.70 Application of RETRF cushion of credit payments. 1786 PREPAYMENT OF REA GUARANTEED AND INSURED LOANS TO ELECTRIC AND TELEPHONE BORROWERS Subpart A-General[Reserved] 1786.1-1786.24 [Reserved] Subpart B-Prepayment of REA Guaranteed Federal Financing Bank Loans Pursuant to Section 306(A) of the RE Act 1786.25 Purpose. 1786.26 Policy. 1786.27 Definitions and Rules of Construction. 1786.28 Qualifications. 1786.29 Prepayment Authority, Program Allocations, Categories of Prepayment Applications and Financially Distressed Borrowers' Reserve. 1786.30 Processing procedure. 1786.31 Application procedure. 1786.32 Settlement procedure. 1786.33 Forms. 1786.34 Access to records of lenders, servicers, and trustees. 1786.35 Loss, theft, destruction, mutilation, or defacement of REA guarantee. 1786.36 Other prepayments. 1786.37 Application of regulation to previous prepayments. 1786.38 Judicial review. 1786.39-1786.49 [Reserved] Subpart C-Special Discounted Prepayments on REA Direct/Insured Loans 1786.50 Purpose. 1786.51 Definitions. 1786.52 Prepayment. 1786.53 Discounted present value. 1786.54 Eligibility criteria. 1786.55 Application procedure. 1786.56 Approval of applications. 1786.57 Prepayment agreement. 1786.58 Security. 1786.59 Loan fund audit. 1786.60 Closing. 1786.61 Other prepayments. 1786.62-1786.74 [Reserved] Subpart D-REA Privatization Demonstration Prepayment Program for the State of Alaska 1786.75 Purpose. 1786.76 Policy. 1786.77 Definitions. 1786.78 Demonstration program. 1786.79 REA Guarantee. 1786.80 Qualifications. 1786.81 Loans security. 1786.82 Prepayment of REA and RTB Notes. 1786.83 Application procedure. 1786.84 Future eligibility under the RE Act. 1786.85 Settlement procedure. 1786.86 Other prepayments. 1786.87-1786.94 [Reserved] Subpart E-Discounted Prepayments of REA Notes in the Event of a Merger of Certain REA Electric Borrowers 1786.95 Purpose. 1786.96 Definitions. 1786.97 Prepayment. 1786.98 Discounted present value. 1786.99 Eligibility criteria. 1786.100 Application procedure. 1786.101 Approval of application. 1786.102 Prepayment agreement. 1786.103 Security. 1786.104 Loan fund audit. 1786.105 Closing. 1786.106 Other prepayments. APPENDIX A TO SUBPART E OF PART 1786 - LISTING OF ELIGIBLE BORROWERS APPENDIX B TO SUBPART E OF PART 1786 - FEDERAL RESERVE STATISTICAL RELEASE Subpart F - Discounted Prepayments on REA Electric Loans 1786.150 Purpose. 1786.151 Definitions and rules of construction. 1786.152 Prepayments of REA loans. 1786.153 Discounted present value. 1786.154 Qualified Notes. 1786.155 Eligible borrower. 1786.156 Application procedure. 1786.157 Approval of applications. 1786.158 Terms and conditions of prepayment agreement. 1786.159 Initial closing. 1786.160 Subsequent closings. 1786.161 Return of Qualified Notes and release of lien. 1786.162 Outstanding loan documents. 1786.163 Existing wholesale power contracts. 1786.164 Loan fund audit. 1786.165 Reporting. 1786.166 Approvals. 1786.167 Restrictions to additional REA financing. 1786.168 Borrowers who prepaid under this part prior to October 21, 1992. 1786.169 Liability. 1786.170 Prepayment of loans approved after December 20, 1993. [Reserved] 1786.171 - 1786.199 [Reserved] Subpart G - Refinancing and Prepayment of REA Guaranteed FFB Loans Pursuant to Section 306(c) of the RE Act 1786.200 Purpose. 1786.201 Definitions and rules of construction. 1786.202 Prepayment and refinancing of REA guaranteed FFB loans. 1786.203 Special considerations. 1786.204 Limitations. 1786.205 Application procedure. 1786.206 Refinancing note. 1786.207 Prepayment premium. 1786.208 Increased principal. 1786.209 Outstanding loan documents. 1786.210 Approvals. 1788 REA FIDELITY AND INSURANCE REQUIREMENTS FOR ELECTRIC AND TELEPHONE BORROWERS Subpart A-General Policies and Procedures 1788.1 General. 1788.2 Policy. 1788.3 Certification of insurance coverage. 1788.4 New borrowers' procedure. 1788.5 REA endorsement required. 1788.6 Analysis of deductibles. 1788.7 Specialized requirements. 1788.8 Procedure for fidelity notices and claims. 1788.9 Recovering claims. 1788.10 Reporting accidents. 1788.11 Reporting claims to REA. 1788.12 Use of insurance proceeds. 1788.13 Package-type policies. 1788.14 Obtaining minimum cost. 1788.15 Type of policies. 1788.16 Telephone building rates. 1788.17 Coinsurance recommended. 1788.18 Advantageous fire rates. Subpart B-Specific REA Minimum Requirements 1788.19 General. 1788.20 Officers and employees. 1788.21 Types of coverage. 1788.22 Collection agents. 1788.23 When revenues exceed $1 million. 1788.34 Single bond provisions. 1788.25 Responsibilities of borrowers. 1788.26 Disbursement of recovered sums. 1788.27 Requirements of policies. 1788.28 Limits required. 1788.29 Contractual liability insurance. 1788.30 Provision on explosives. 1788.31 Buried plant provision. 1788.32 Appliance sales coverage. 1788.33 Railroad right-of-way exclusion. 1788.34 Pollution exclusion. 1788.35 Liability requirements. 1788.36 Comprehensive requirements. 1788.37 Coverage requirement. 1788.38 REA endorsement. 1788.39 Type of policies. 1788.40 Coverage requirement. 1788.41 Endorsements required. 1788.42 Coverage requirement. 1788.43 Suspension notice. 1788.44 Annual inspection report. 1788.45 Modifications considered. Subpart C-Insurance for Contractors, Engineers, and Architects 1788.46 General. 1788.47 Policy requirements. 1788.48 Contract requirements. 1788.49 Bond requirements. 1788.50 Acceptable sureties. 1788.51 Borrower options. 1788.52 Builders' risk policy. 1788.53 Major equipment insurance. 1788.54 Compliance with contract. 1788.55 Providing REA evidence. EXHIBIT A TO PART 1788 - RURAL ELECTRIFICATION ADMINISTRATION ENDORSEMENT EXHIBIT B TO PART 1788 - RURAL ELECTRIFICATION ADMINISTRATION JOINT INSURED 1792 COMPLIANCE WITH OTHER FEDERAL STATUTES, REGULATIONS, AND EXECUTIVE ORDERS Subpart A and B [Reserved] Subpart C-Seismic Safety of Federally Assisted New Building Construction 1792.101 General. 1792.102 Definitions. 1792.103 Design and construction standards for seismic safety. 1792.104 Seismic safety certifications. 1794 ENVIRONMENTAL POLICIES AND PROCEDURES FOR ELECTRIC AND TELEPHONE BORROWERS Subpart A-General 1794.1 Purpose. 1794.2 Actions requiring environmental review. 1794.3 Compliance. 1794.4 Trivial violations. 1794.5 Responsible officials. 1794.6 Metric units. 1794.7 Guidance. Subpart B-Implementation of the National Environmental Policy Act 1794.10 Apply NEPA early in the planning process. 1794.11 Consideration of alternatives. 1794.12 Public involvement. 1794.13 Interagency involvement. Subpart C-Provisions Applicable to EA or EIS Preparation 1794.20 Interagency coordination. 1794.21 Limitation on actions during the NEPA process. 1794.22 Tiering. Subpart D-Classification of Proposals 1794.30 Control. 1794.31 Categorical exclusions (proposals normally requiring neither an EIS nor an EA.) 1794.32 Proposals normally requiring an EIS. 1794.33 Proposals normally requiring an Environmental Assessment without scoping. 1794.34 Proposals normally requiring an Environmental Assessment with scoping. 1794.35 Work plan proposals. Subpart E-Procedure for Categorical Exclusions 1794.40 General. 1794.41 Proposals with no BER. 1794.42 BER proposals. Subpart F-Procedure for Proposals Normally Requiring an EIS 1794.50 Normal sequence. 1794.51 Preparation for scoping. 1794.52 Scoping meeting. 1794.53 Borrower's Environmental Analysis. 1794.54 EIS. 1794.55 Timing of agency action. Subpart G-Procedure for Environmental Assessment Proposals Without Scoping 1794.60 General. 1794.61 Document requirements. 1794.62 Notice of availability. 1794.63 FONSI and notice requirements. 1794.64 Timing of agency action. Subpart H-Procedure for Environmental Assessment Proposals With Scoping 1794.70 General. 1794.71 REA determination. 1794.72 Notice requirements for a FONSI determination. 1794.73 Timing of agency action for FONSI determination. Subpart I-Adoption of Environmental Documents 1794.80 General. 1794.81 Adoption as a final EIS. 1794.82 Adoption as a draft EIS. 1794.83 Adoption of an EA. 1794.84 Adoption of environmental materials. 1794.85 Timing of agency action. Subpart J-Supplemental EIS 1794.90 Circulation and notices. 1794.91 Timing of agency action. APPENDIX A TO PART 1794-PROCEDURE FOR PROPOSALS WHICH NORMALLY REQUIRE AN EIS Page CODE OF FEDERAL REGULATIONS (CFR) INDEX: 7 CFR Parts 1600-1794 Current as of November 9, 1994 Page CODE OF FEDERAL REGULATIONS (CFR) INDEX: 7 CFR Parts 1600-1794 Current as of November 9, 1994 Every effort has been made to ensure the accuracy of this document. However, in case of discrepancies, the printed version available from the Government Printing Office is the authoritative source. Every effort has been made to ensure the accuracy of this document. However, in case of discrepancies, the printed version available from the Government Printing Office is the authoritative source.