[Federal Register: February 12, 2002 (Volume 67, Number 29)]

[Rules and Regulations]               

[Page 6369]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr12fe02-1]                         





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Rules and Regulations

                                                Federal Register

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to and codified in the Code of Federal Regulations, which is published 

under 50 titles pursuant to 44 U.S.C. 1510.



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[[Page 6369]]







DEPARTMENT OF AGRICULTURE



Rural Utilities Service



7 CFR Part 1710



RIN 0572-AB71



 

Notice of Confirmation of Direct Final Rule



AGENCY: Rural Utilities Service, USDA.



ACTION: Notice of confirmation of direct final rule.



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SUMMARY: The Rural Utilities Service (RUS) hereby gives notice that no 

adverse comments were received regarding the direct final rule 

establishing rules and regulations to administer the Treasury Rate 

Direct Loan Program, and confirms the effective date of the direct 

final rule.



DATES: The direct final rule published in the Federal Register on 

December 26, 2001 (66 FR 66293) is effective February 11, 2002.



FOR FURTHER INFORMATION CONTACT: Robert O. Ellinger, Chief, Policy 

Analysis and Loan Management Staff, U.S. Department of Agriculture, 

Rural Utilities Service, Electric Program, Room 4041 South Building, 

Stop 1560, 1400 Independence Ave., SW., Washington, DC 20250-1560, 

Telephone: (202) 720-0424, FAX (202) 690-0717, E-mail: 

rellinge@rus.usda.gov.



SUPPLEMENTARY INFORMATION:   



Background



    In fiscal year 2001, Congress provided funding to establish a 

Treasury rate loan program to address the backlog of qualified loan 

applications for insured municipal rate electric loans from RUS. RUS 

administered the Treasury rate loan program in a manner substantially 

the same as it administered the municipal rate program under a Notice 

of Funding Availability (NOFA) published in the Federal Register at 65 

FR 80830 on December 22, 2000. Title III of the Agriculture, Rural 

Development, Food and Drug Administration, and Related Agencies 

Appropriations Act, 2002 ( Pub. L. 107-76) authorizes a Treasury rate 

electric loan program of $750 million for FY 2002. RUS is amending its 

regulations to establish rules and regulations to administer the 

Treasury rate loan program.



Confirmation of Effective Date



    This is to confirm the effective date of February 11, 2002, 7 CFR 

part 1710, Treasury Rate Direct Loan Program, published in the Federal 

Register on December 26, 2001, at 66 FR 66293.



    Dated: January 29, 2002.

Hilda Gay Legg,

Administrator, Rural Utilities Service.

[FR Doc. 02-3288 Filed 2-11-02; 8:45 am]

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