S 2646
102th Congress
Senate
Agriculture and Food
Capital
Discount rate
Federally-guaranteed loans
Government lending
Liens
Rural affairs legislation
Rural electrification
Telephone
Electric Financing Amendments Act of 1992
Introduced: April 30, 1992
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 31, 1992
Referred to Subcommittee on Rural Development, Electrification.
Apr 30, 1992
Read twice and referred to the Committee on Agriculture.
Apr 30, 1992
Introduced in Senate
Plain-English summary
Electric Financing Amendments Act of 1992 - Amends the Rural Electrification Act of 1936 to: (1) limit the amount of capital that a rural electric cooperative can have and still receive a Rural Electrification Administration (REA) guaranteed loan; (2) require REA to provide lien accommodations for private loans on an equal and pro rata basis to the REA-held loan (unless such additional private debt will adversely affect the borrower's ability to repay the REA); and (3) authorize discounted REA loan repayment under specified conditions.
What's happening now
Referred to Subcommittee on Rural Development, Electrification.
Committees of jurisdiction
2
Cosponsors
1