scope:

General statement.

(a) This part establishes general and pre-loan policies and requirements that apply to both insured and guaranteed loans to finance the construction and improvement of electric facilities in rural areas, including generation, transmission, and distribution facilities.

(b) Additional pre-loan policies, procedures, and requirements that apply specifically to guaranteed and/or insured loans are set forth elsewhere:

(1) For guaranteed loans in 7 CFR part 1712 and RUS Bulletins 20-22, 60- 10, 86-3, 105-5, and 111-3, or the successors to these bulletins; and

(2) For insured loans in 7 CFR part 1714 and in RUS Bulletins 60-10, 86-3, 105-5, and 111-3, or the successors to these bulletins.

(c) This part supersedes those portions of the following RUS Bulletins and supplements that are in conflict.

20-5 Extensions of Payments of Principal and Interest

20-20 Deferment of Principal Repayments for Investment in Supplemental Lending Institutions

20-22 Guarantee of Loans for Bulk Power Supply Facilities

20-23 Section 12 Extensions for Energy Resources Conservation Loans

60-10 Construction Work Plans, Electric Distribution Systems

86-3 Headquarters Facilities for Electric Borrowers

105-5 Financial Forecast-Electric Distribution Systems

111-3 Power Supply Surveys

120-1 Development, Approval, and Use of Power Requirements Studies

(d) When parts 1710, 1712, and 1714 are published in final form, the bulletins cited in paragraph (b) of this section will be rescinded, in whole or in part, or revised.