[Federal Register Volume 60, Number 238 (Tuesday, December 12, 1995)]
[Notices]
[Page 63689]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-30235]



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DEPARTMENT OF AGRICULTURE

Interest Rate for FY 1996 RUS Telecommunications Cost-of-Money 
Loans

AGENCY: Rural Utilities Service, USDA.

ACTION: Notice.

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SUMMARY: The Rural Utilities Service (RUS) is announcing that interest 
rates on telecommunications Cost-of-Money loans approved during fiscal 
year 1996 may exceed the 7 percent per year statutory limit.

FOR FURTHER INFORMATION CONTACT: Robert Peters, Assistant 
Administrator-Telecommunications Program, Rural Utilities Service, U.S. 
Department of Agriculture, room 4056-S, Ag Box 1590, 14th Street and 
Independence Avenue, SW., Washington, DC 20250-1500. Telephone (202) 
720-9554, Facsimile (202) 720-0810.

SUPPLEMENTARY INFORMATION: Notice is given that under Title III of the 
Agriculture, Rural Development, Food and Drug Administration, and 
Related Agencies Appropriations Act of 1996 (Appropriations Act of 
1996) (Pub. L. 104-37, approved October 21, 1995), the interest rate 
for telecommunications loans approved during fiscal year 1996 may 
exceed the 7 percent per year ceiling established by Pub. L. 103-129 
(see 7 CFR 1735.31(c)(1)). The Appropriations Act of 1996 removes the 7 
percent interest rate ceiling for telecommunications Cost-of-Money 
loans made during fiscal year 1996 only (October 1, 1995 to September 
30, 1996).

    Dated: December 6, 1995.
Wally Beyer,
Administrator, Rural Utilities Service.
[FR Doc. 95-30235 Filed 12-11-95; 8:45 am]
BILLING CODE 3410-15-P