[Federal Register Volume 87, Number 126 (Friday, July 1, 2022)]
[Rules and Regulations]
[Page 39329]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-14127]



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 Rules and Regulations
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  Federal Register / Vol. 87, No. 126 / Friday, July 1, 2022 / Rules 
and Regulations  

[[Page 39329]]



DEPARTMENT OF AGRICULTURE

Rural Utilities Service

7 CFR Part 1714

[RUS-21-ELECTRIC-0003]
RIN 0572-AC53


Streamlining Electric Program Procedures; Correction

AGENCY: Rural Utilities Service, U.S. Department of Agriculture (USDA).

ACTION: Correcting amendments.

-----------------------------------------------------------------------

SUMMARY: On July 9, 2021, the Rural Utilities Service (RUS or Agency), 
a Rural Development agency of the United States Department of 
Agriculture (USDA), published a final rule that revised several 
regulations to streamline its procedures for Electric Program 
borrowers, including its loan application requirements, approval of 
construction work plans, contract bidding procedures, contact approval 
procedures, system operation and maintenance reviews, long-range 
engineering plans and system design procedures. Following 
implementation of the final rule, RUS found that a correction due to a 
deletion is necessary. This technical correction makes an amendment to 
add information back to the regulation that was inadvertently deleted.

DATES: Effective July 1, 2022.

FOR FURTHER INFORMATION CONTACT: Robert Coates, Chief, Policy and 
Outreach Branch, Office of Customer Service and Technical Assistance, 
Rural Utilities Service, U.S. Department of Agriculture, STOP 1569, 
1400 Independence Ave. SW, Washington, DC 20250-0787, telephone: (202) 
720-1900. Email: [email protected].

SUPPLEMENTARY INFORMATION: The Agency is issuing a technical correction 
to its regulations in 7 CFR part 1714, which were amended by a final 
rule that published in the Federal Register on July 9, 2021 (86 FR 
36193).

List of Subjects in 7 CFR Part 1714

    Electric power, Loan programs-energy, Rural areas.

    Accordingly, 7 CFR part 1714 is corrected by making the following 
correcting amendments:

PART 1714--PRE-LOAN POLICIES AND PROCEDURES FOR INSURED ELECTRIC 
LOANS

0
1. The authority citation for part 1714 continues to read as follows:

    Authority:  7 U.S.C. 901 et seq.; 1921 et seq.; and 6941 et seq.


0
2. In Sec.  1714.56, add paragraphs (b)(1) through (3) to read as 
follows:


Sec.  1714.56  Fund advance period.

* * * * *
    (b) * * *
    (1) To apply for an extension, the borrower must make a request to 
RUS prior to the last date for advance as noted in the borrower's loan 
documents and provide, the following:
    (i) A certified copy of a board resolution requesting an extension 
of the Government's obligation to advance loan funds;
    (ii) Evidence that the unadvanced loan funds continue to be needed 
for approved loan purposes; and
    (iii) Notice of the estimated date for completion of construction.
    (2) If the Administrator approves a request for an extension, RUS 
will notify the borrower in writing of the extension and the terms and 
conditions thereof. An extension will be effective only if it is 
requested in writing prior to the last date for advance as provided in 
the borrower's loan documents.
    (3) Any request received after the last date for advance shall be 
rejected.
* * * * *

Christopher A. McLean,
Acting Administrator, Rural Utilities Service.
[FR Doc. 2022-14127 Filed 6-30-22; 8:45 am]
BILLING CODE 3410-15-P