United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 1997_register executive 2010-09-24 article Part II Rules and Regulations D09002ee1be014ad6 D09002ee1be014bc6 United States Department of Agriculture originator org United States Government Agency or Subagency United States Rural Utilities Service originator org United States Government Agency or Subagency This final rule amends the Rural Utilities Service's regulations on accounting policies and procedures for RUS electric borrowers. This final rule amends the regulations pertaining to departures from the prescribed RUS Uniform System of Accounts (USoA), by allowing RUS borrowers to implement certain revenue and expense deferral plans without obtaining prior RUS approval. It also institutes activity-based costing (functional accounting) requirements for employee pensions and benefits, payroll taxes, and insurance and establishes a new accounting interpretation that addresses the accounting requirements set forth in Statement of Financial Accounting Standards No. 121, Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed of, within the framework of the RUS USoA. This final rule also establishes uniform accounting procedures for the National Rural Electric Cooperative Association's (NRECA) Split-Dollar life insurance program, the NRECA Special Early Retirement program, and the automatic meter reading system developed by Hunt Technologies, Inc., global positioning systems, and radio-based remote meter reading systems. This final rule also amends Accounting Interpretation No. 104 to record plant contributed by an RUS electric cooperative as an intangible asset. 62 FR 42284 https://www.govinfo.gov/app/details/FR-1997-08-06/97-20240 97-20240 fr06au97-8 RIN 0572-AB36 3410-15-P https://www.govinfo.gov/app/details/FR-1997-08-06/97-20240 https://www.govinfo.gov/content/pkg/FR-1997-08-06/html/97-20240.htm https://www.govinfo.gov/content/pkg/FR-1997-08-06/pdf/97-20240.pdf 48 p. 42284 42331 62 FR 42284 Title 7 Part 1767 7 CFR Part 1767 RIN 0572-AB36 Accounting Requirements for RUS Electric Borrowers; Federal Register Vol. 62, Issue RULE 97-20240 II DEPARTMENT OF AGRICULTURE Rural Utilities Service 3410-15-P 97-20240 Final rule.

This final rule amends the Rural Utilities Service's regulations on accounting policies and procedures for RUS electric borrowers. This final rule amends the regulations pertaining to departures from the prescribed RUS Uniform System of Accounts (USoA), by allowing RUS borrowers to implement certain revenue and expense deferral plans without obtaining prior RUS approval. It also institutes activity-based costing (functional accounting) requirements for employee pensions and benefits, payroll taxes, and insurance and establishes a new accounting interpretation that addresses the accounting requirements set forth in Statement of Financial Accounting Standards No. 121, Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed of, within the framework of the RUS USoA. This final rule also establishes uniform accounting procedures for the National Rural Electric Cooperative Association's (NRECA) Split-Dollar life insurance program, the NRECA Special Early Retirement program, and the automatic meter reading system developed by Hunt Technologies, Inc., global positioning systems, and radio-based remote meter reading systems. This final rule also amends Accounting Interpretation No. 104 to record plant contributed by an RUS electric cooperative as an intangible asset.

September 5, 1997. Ms. Roberta D. Purcell, Director, Program Accounting Services Division, Rural Utilities Service, Stop 1523, Room 2221, South Building, U.S. Department of Agriculture, 1400 Independence Avenue, SW., Washington, DC 20250-1523, telephone number (202) 720-9450. Vol. 62, no. 151 Office of the Federal Register, National Archives and Records Administration 1997-08-06 continuing daily deposited born digital 183 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-1997-08-06 P0b002ee180a377bd 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr06au97 https://www.govinfo.gov/app/details/FR-1997-08-06 https://www.govinfo.gov/content/pkg/FR-1997-08-06/pdf/FR-1997-08-06.pdf fdlp 42209 42383 DGPO 2010-09-24 2023-05-06 FR-1997-08-06 machine generated eng FR FR-1997-08-06 62 151