A bill to amend the Rural Electrification Act of 1936, as amended, to correct unintended inequities in the interest rate criteria for borrowers from the Rural Electrification Administration, and to make other technical amendments.
Rural Electrification Administration Technical Amendments Act - Amends the Rural Electrification Act of 1936 to stipulate that the unobligated balance of funds made available for loans by the Rural Electrification Administration shall become part of the Rural Electrification and Telephone Revolving Fund.
Revises criteria for issuance of loans at the special rate of two percent by the Administration by establishing separate criteria for telephone borrowers and electric borrowers based on the following factors: average subscriber density, distribution plant, general plant, annual gross revenue, and cost of power.
Provides that insured loans made pursuant to applications for such loans which would otherwise lose eligibility for special rate financing upon enactment of this Act, received by the Rural Electrification Administration and still pending on the date of enactment, shall bear interest as determined under the Rural Electrification Act of 1936 before its amendment by the Act.
Measure considered in House.
Passed/agreed to in House: Measure passed House, amended.
Measure passed House, amended.
Referred to Senate Committee on Agriculture and Forestry.
Reported to Senate from the Committee on Agriculture and Forestry with amendment, S. Rept. 94-1314.
Reported to Senate from the Committee on Agriculture and Forestry with amendment, S. Rept. 94-1314.
Call of calendar in Senate.
Measure considered in Senate.
Passed/agreed to in Senate: Measure passed Senate, amended.
Measure passed Senate, amended.
Resolving differences -- House actions: House agreed to Senate amendment.
House agreed to Senate amendment.
Measure enrolled in House.
Measure enrolled in Senate.
Measure presented to President.
Measure presented to President.
Signed by President.
Signed by President.
Public law 94-570.
Public law 94-570.
Enacted as Public Law 94-570
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