[Federal Register Volume 81, Number 3 (Wednesday, January 6, 2016)]
[Notices]
[Page 461]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-33285]


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DEPARTMENT OF AGRICULTURE

Rural Utilities Service


Rural Utilities Service Guarantees for Bonds and Notes Issued for 
Electrification or Telephone Purposes

AGENCY: Rural Utilities Service, USDA.

ACTION: Notice of intent to publish Fiscal Year 2016 application 
requirements and application deadlines for Rural Utilities Service 
Guarantees for Bonds and Notes Issued for Electrification or Telephone 
Purposes.

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SUMMARY: The Rural Utilities Service (RUS) is hereby giving notice that 
it intends to publish in the near future a notice of solicitation for 
Fiscal Year 2016 (the ``Notice of Solicitation for Applications'') 
specifying the timeframe for the submission of applications and program 
requirements for cooperative and other not-for-profit lenders wishing 
to participate in RUS's program involving the guarantee of loans for 
eligible electrification and telephone purposes, as authorized by 
Section 313A of the Rural Electrification Act of 1936, as amended (7 
U.S.C. 940c-1) (the ``Act'') and 7 CFR part 1720 (the ``Program 
Regulations'').

DATES: It is anticipated that the Notice of Solicitation for 
Applications will be published in early 2016.

ADDRESSES: For detailed information regarding this notice, contact Amy 
McWilliams, Management Analyst, Office of Portfolio Management and Risk 
Assessment, Electric Program, Rural Utilities Service, United States 
Department of Agriculture, 1400 Independence Avenue SW., Room 0226-S, 
Washington, DC 20250-1568. Telephone (202) 205-8663; email: 
[email protected]

SUPPLEMENTARY INFORMATION: The proceeds of the guaranteed bonds will be 
used by the guaranteed lender to make loans to borrowers for 
electrification or telephone purposes eligible for assistance under the 
Act, the Program Regulations, and the Notice of Solicitation for 
Applications, or to refinance bonds or notes previously issued by the 
guaranteed lender for such purposes. The proceeds of the guaranteed 
bonds are not to be used by the guaranteed lender to directly or 
indirectly fund projects for the generation of electricity.
    In order to promote competition and facilitate its review process, 
RUS will only accept applications: (1) Prepared in accordance with the 
Act, the Program Regulations, and the program requirements to be 
published in the Notice of Solicitation for Applications, and (2) 
submitted during the application period to be established by the 
forthcoming Notice of Solicitation for Applications.

    Authority: 7 U.S.C. 940c-1.

    Dated: December 30, 2015.
Brandon McBride,
Administrator, Rural Utilities Service.
[FR Doc. 2015-33285 Filed 1-5-16; 8:45 am]
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