S. 1252 — A bill to amend the Rural Electrification Act of 1936 to permit the prepayment or repricing of certain loans according to the terms of the applicable loan contract, and for other purposes.

Summary

Amends the Rural Electrification Act of 1936 to prescribe guidelines under which the Secretary of the Treasury and the Rural Electrification Administrator (the Administrator) shall allow, upon a borrower's request, the prepayment or repricing of a loan made by the Federal Financing Bank and guaranteed by the Administrator.

Authorizes appropriations as necessary to provide for the cost of prepayment premium waivers for such loans.

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Legislative Actions

1993-07-16
Introduced in Senate
1993-07-16
Sponsor introductory remarks on measure. (CR S8883)
1993-07-16
Read twice and referred to the Committee on Agriculture.
1993-08-20
Referred to Subcommittee on Rural Development, Electrification.

A bill to amend the Rural Electrification Act of 1936 to permit the prepayment or repricing of certain loans according to the terms of the applicable loan contract, and for other purposes.

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Summary

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