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Extensions of Payments of Principal and Interest
The Rural Utilities Service (RUS) proposes to add procedures and conditions under which Borrowers may request extensions of the payment of principal and interest. These procedures and conditions are stated in RUS Bulletin 20-5:320-2, Extensions of Payments of Principal and Interest, dated May 10, 1972, and RUS Bulletin 20-23, Section 12...
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Seismic Safety
The Rural Utilities Services (RUS) is amending its regulation to update and simplify the requirements of the agency. This final rule provides RUS borrowers, grant recipients, Rural Telephone Bank (RTB) borrowers and the public with updated rules for compliance with seismic safety requirements for new building construction using RUS or RTB loan,...
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Electric Engineering, Architectural Services and Design Policies and Procedures
The Rural Utilities Service (RUS) is amending its regulations to revise its requirements regarding RUS approval of plans and specifications for buildings. Specifically, the requirement for RUS approval of architectural plans and specifications for buildings is eliminated and instead the borrower's architect or engineer is required to state that...
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Reduction in Minimum TIER Requirements
The Rural Utilities Service (RUS) hereby reduces the minimum TIER (Times Interest Earned Ratio) requirement to be met by Distribution Borrowers from 1.50 to 1.25. Reducing TIER to 1.25, while retaining the existing Debt Service Coverage (DSC), Operating Times Interest Earned Ratio (OTIER) and Operating Debt Service Coverage (ODSC) standards,...
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Seismic Safety
The Rural Utilities Service (RUS) proposes to amend its regulations to update and simplify the requirements of the agency. This revised rule would provide RUS borrowers, grant recipients, Rural Telephone Bank (RTB) borrowers and the public with updated rules for compliance with seismic safety requirements for new building construction using RUS...
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Specifications and Drawings for Underground Electric Distribution
The Rural Utilities Service (RUS) is revising its regulations on Specifications and Drawings for Underground Electric Distribution, RUS Bulletin 50-6. This bulletin is currently incorporated by reference in RUS regulations and, will continue to be incorporated by reference. This revision is necessary to provide RUS electric borrowers with the...
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Electric Engineering, Architectural Services and Design Policies and Procedures
The Rural Utilities Service (RUS) is proposing to amend its regulations to revise its requirements regarding RUS approval of plans and specifications for buildings. Specifically, RUS is proposing that the requirement for RUS approval of architectural plans and specifications for buildings be eliminated and that instead the borrower's architect...
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Reduction in Minimum TIER Requirements
The Rural Utilities Service (RUS) is proposing to amend its regulations, reducing the minimum Times Interest Earned Ratio (TIER) required to be met by distribution borrowers from 1.50 to 1.25. Reducing TIER to 1.25, while retaining the existing Debt Service Coverage (DSC), Operating Times Interest Earned Ratio (OTIER) and Operating Debt Service...
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