View Rule

In order to facilitate the programmatic interest of the Rural Electrification Act that loans made or guaranteed by the Agency are adequately secured, the Agency 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, the Agency's loan security is not adversely affected, and the loan and loan guarantee funds are used effectively and for the intended purpose. The Rural Utilities Service is issuing a new equipment contract, RUS Form 395, for use by telecommunications program borrowers. The new contract will reflect present business and utilities practices, as well as changes in technology, services, and equipment.