A bill to amend the Rural Electrification Act of 1936 to provide eligible rural electric borrowers with the means to secure necessary financing from private sources, and for other purposes.
Electric Financing Amendments Act of 1992 - Amends the Rural Electrification Act of 1936 to: (1) limit the amount of capital that a rural electric cooperative can have and still receive a Rural Electrification Administration (REA) guaranteed loan; (2) require REA to provide lien accommodations for private loans on an equal and pro rata basis to the REA-held loan (unless such additional private debt will adversely affect the borrower's ability to repay the REA); and (3) authorize discounted REA loan repayment under specified conditions.
Introduced in Senate
Read twice and referred to the Committee on Agriculture.
Referred to Subcommittee on Rural Development, Electrification.
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