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DOI/RB | RIN: 1006-AA53 | Publication ID: Fall 2008 |
Title: Bureau of Reclamation Loan Guarantees | |
Abstract: Much of Reclamations water supply infrastructure was built in the early 1900s and is at or nearing the end of its design life. In many cases, this infrastructure is in need of extraordinary maintenance work or rehabilitation. Reclamation law assigns responsibility for these costs to the projects beneficiaries, but these entities often cannot secure long-term financing from private lenders for these expenses. This is primarily because Reclamation holds title to the facilities, leaving the entities with little or no collateral to pledge for typical loans. Public Law 109-451 gives the Secretary of the Interior authority to issue loan guarantees to assist in financing both rural water supply projects and extraordinary maintenance and rehabilitation. Reclamations rule will establish the eligibility criteria and program requirements for loan guarantees. | |
Agency: Department of the Interior(DOI) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 43 CFR 403 | |
Legal Authority: PL 109-451 |
Legal Deadline:
None |
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Timetable:
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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: Randy Christopherson Department of the Interior Bureau of Reclamation Denver Federal Center - 84-55000, Denver, CO 80225 Phone:303 445-2729 |