S 2978
102th Congress
Senate
Agriculture and Food
Federally-guaranteed loans
Fees
Interest rates
Liens
Rural affairs legislation
Rural electrification
Telephone
A bill to amend the Rural Electrification Act of 1936 to permit the prepayment and refinancing of Federal Financing Bank loans made to rural electrification and telephone systems, and for other purposes.
Introduced: July 2, 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.
Jul 2, 1992
Read twice and referred to the Committee on Agriculture.
Jul 2, 1992
Introduced in Senate
Plain-English summary
Amends the Rural Electrification Act of 1936 to permit the prepayment and refinancing of Federal Financing Bank loans made to rural electrification and telephone systems.
Provides for: (1) a one-time refinancing penalty; (2) prepayment without penalty; and (3) equal and pro-rata liens for prepayment third-party lenders.
What's happening now
Referred to Subcommittee on Rural Development, Electrification.
Committees of jurisdiction
2
Cosponsors
1