HR 1913 · 104th Congress · Agriculture and Food

Rural Electrification Loan Reform Act of 1995

Introduced 1995-06-22· Sponsored by Rep. Baker, Richard H. [R-LA-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Executive Comment Requested from USDA.(1995-07-11)

Plain Language Summary

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Improvements to the Rural Electrification Loans Programs Title II: Preservation of Exclusive State Jurisdiction Over Retail Electric Service Territories Rural Electrification Loan Reform Act of 1995 - Title I: Improvements to the Rural Electrification Loan Programs - Amends the Rural Electrification Act of 1936 (Act) to repeal authority for: (1) Treasury loans; and (2) two-percent interest rate electric loans and electrical and plumbing equipment loans. (Sec. 108) Authorizes appropriations for administrative and certain publication and reporting requirements. Establishes fees for non-financial assistance and services provided under such Act. (Sec. 112) Reduces the maximum loan extension period. (Sec. 115) Limits authority to make, insure, and guarantee electric loans, including the imposition of a means-test and a loan graduation (to commercial sources) program. (Sec. 121) Authorizes the sharing or subordination of Government liens to assist borrower credit access. (Sec. 122) Repeals authority for: (1) refinancing of Federal financing bank loans; (2) special treatment of certain electric borrowers; (3) 30 percent limitation on required financing from oth…

Summarized by Claude AI · Non-partisan · For informational purposes only