Transitional assistance in connection with new loans.

CFR · 2024-01-01 · US · Title 7

Requests for transitional assistance in connection with new loans may be submitted to RUS no later than the loan application. (a) (2) For any subsequent loans approved during those 5 years, RUS may offer loan processing priority. In reviewing requests for loan processing priority on subsequent loans, RUS will consider the loan authority for the fiscal year, the borrower's projected cash flows, its electric rates and rate disparity, and the likely mitigation effects of priority loan processing. (3) Loan processing priority is available following any merger where at least one of the merging parties is an active borrower. (b) (2) Waiver of supplemental financing may be available if: (i) All parties to the merger are active distribution borrowers, (ii) At least one of the merging parties is an active distribution borrower, all merging parties are either active distribution borrowers or former distribution borrowers, (c) (2) A longer reimbursement period may be available if: (i) All parties to the merger are active distribution borrowers, (ii) At least one of the merging parties is an active distribution borrower, all merging parties are either active distribution borrowers of former distribution borrowers,

official document · source cfr-2024 · id 7:§ 1717.154