Submission of data.

CFR · 2024-01-01 · US · Title 7

(a) RUS will not approve any acquisition, other than of toll facilities (see subpart J of this part), financed in whole or in part with loan funds until the borrower submits the following data to the GFR: (1) For any nonborrowers involved, their most recent balance sheets, operating statements, detail of plant accounts, reports to the state commission, and audits, if available. (2) Completed RUS Form 507, “Report on Telephone Acquisition,” which provides system data, including the type (3) A map (such as a road map) showing county lines, the boundaries of the proposed acquisition and the borrower's existing service territory, and the names of other telephone companies serving adjoining areas. (4) A brief statement of the plans for incorporating the acquired facilities into the borrower's existing system. (5) The number of subscribers currently receiving service in the area to be acquired and the number of new subscribers that will be served over the next 5 years as a result of the acquisition. (6) The proposed purchase price. (7) Two copies of any options, bills of sale, or deeds, and four copies of any acquisition agreements. All of these documents are subject to RUS approval. If the acquisition agreement is approved by RUS, two copies of it shall be returned to the borrower. (8) An appraisal by the borrower's consulting engineer or other qualified person of the physical plant to be acquired. The appraisal shall include the following: (i) Inspection of each central office, n

official document · source cfr-2024 · id 7:§ 1735.74