[Federal Register Volume 61, Number 188 (Thursday, September 26, 1996)]
[Notices]
[Page 50468]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-24737]


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 Notices
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 This section of the FEDERAL REGISTER contains documents other than rules 
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  Federal Register / Vol. 61, No. 188 / Thursday, September 26, 1996 / 
Notices  

[[Page 50468]]



DEPARTMENT OF AGRICULTURE

Rural Utilities Service


Interest Rate for FY 1997 RUS 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 Cost-of-Money loans approved during fiscal year 1997 may 
exceed the 7 percent per year statutory limit.

FOR FURTHER INFORMATION CONTACT:
Robert Peters, Assistant Administrator--Telecommunications Program, 
Rural Utilities Service, STOP 1590, room 4056, South Building, 1400 
Independence Avenue, SW., Washington, DC 20250-1590. 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 1997 (Appropriations Act of 
1997) (Pub. L. 104-180, August 6, 1996), the interest rate for loans 
approved during fiscal year 1997 may exceed the 7 percent per year 
ceiling established by Public Law 103-129 (see 7 CFR 1735.31(c)(1)). 
The Appropriations Act of 1997 removes the 7 percent interest rate 
ceiling for loans made during fiscal year 1997 only (October 1, 1996 to 
September 30, 1997).

    Dated: September 20, 1996.
Wally Beyer,
Administrator, Rural Utilities Service.
[FR Doc. 96-24737 Filed 9-25-96; 8:45 am]
BILLING CODE 3410-15-M