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USDA/RUS RIN: 0572-AC08 Publication ID: Fall 2008 
Title: Accounting Requirements for RUS Electric Program Borrowers 
Abstract: The Rural Utilities Service, an agency delivering the United States Department of Agriculture’s Rural Development Utilities Programs, hereinafter referred to as Rural Development, amended its regulation on accounting policies and procedures for Rural Development Electric Programs borrowers as set forth in 7 CFR part 1767, Accounting Requirements for Rural Development Electric Program Borrowers. The rule reconciles part 1767 with the Uniform System of Accounts as set forth by the Federal Energy Regulatory Commission (FERC); adopts FERC accounting guidance for Regional Transmission Organizations, Asset Retirement Obligations with modifications, Other Comprehensive Income, and Derivatives and Hedging Instruments; amended accounting interpretations for Special Equipment Accounting, Storm Damage, Rural Economic Development Loan and Grant Program and Consolidated Financial Statements; sets forth accounting interpretations that establish uniform reporting procedures for Accounting for Cushion of Credit Accounts, and codifies guidance on records retention currently published in Bulletin 180-2. This rule also corrects a number of administrative errors currently existing within this part. 
Agency: Department of Agriculture(USDA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 7 CFR 1767   
Legal Authority: 7 USC 901 et seq   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/13/2007  72 FR 38511   
NPRM Comment Period End  09/11/2007    
Final Rule  05/27/2008  73 FR 30277   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
MaryPat Daskal
Department of Agriculture
1400 Independence Avenue SW.,
Washington, DC 20250
Phone:202 720-7853
Email: marypat.daskal@usda.gov

Michele L. Brooks
Director, Regulations Management Team, RD Innovation Center
Department of Agriculture
Rural Utilities Service
Room 5159 South Building, STOP 1522, 1400 Independence Avenue SW,
Washington, DC 20250
Phone:202 690-1078
Email: michele.brooks@wdc.usda.gov