A bill to amend the Rural Electrification Act of 1936 in order to permit the use of the Rural Electrification and Telephone Revolving Fund to repair and replace certain electric power and telephone lines and equipment damaged or destroyed in rural areas by natural disasters.

Amends the Rural Electrification Act of 1936 to permit the use of the Rural Electrification and Telephone Revolving Fund to repair and replace electrical or telephone lines or facilities damaged or destroyed in rural areas of the United States by natural disasters. Limits such assistance to public or private nonprofit utility or telephone companies or cooperatives serving rural areas, and only for the purpose of restoring electric power or telephone service to such areas. Requires the Administrator of the Rural Electrification Administration to make such assistance available to the States when he determines that assistance under the Disaster Relief Act of 1974 is inadequate or unavailable.