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In order to facilitate the programmatic interest of the Rural Electrification Act that loans made or guaranteed by the Rural Utilities Service (RUS) are adequately secured, RUS has established certain standardized forms for materials and equipment and the construction of electric and telecommunications systems. The use of standard forms, construction contracts, and procurement procedures helps to ensure that appropriate standards and specifications are maintained by the borrower, protects the Agency's loan security so it is not adversely affected, and ensures that the loan and loan guarantee funds are used effectively and for the intended purpose. RUS may, from time to time, promulgate new contract forms or revise or eliminate existing contract forms. In so doing, RUS is required by 7 CFR 1755.29, to publish a notice of rulemaking in the Federal Register announcing, as appropriate, a revision in, or a proposal to amend 1755.30(c) , list of telecommunications standard contract forms. The new RUS Form 395, will reflect present business and RUS practices, as well as changes in technology, services and equipment. Specifically, the purpose of this undertaking is to improve the customer service provided by RUS’s rural telecommunications and broadband borrowers. Changes in competition, legislation, technologies, and regulation have resulted in changes to business practices in the communications industry. In response to these changes RUS has undertaken a comprehensive review of its Telecommunications and Broadband Programs’ contracts and contracting procedures. The intent is to streamline the contractual process for RUS borrowers and expedite the process of approving equipment procurement during RUS funded construction projects.