7 CFR 1710.301
§ 1710.301 Financial forecasts—distribution borrowers.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 1710.301, § 1710.301 Financial forecasts—distribution borrowers, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/26955
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Full text
(a) Financial forecasts prepared by distribution borrowers shall cover at least a ten-year period, unless a shorter period is authorized by other RUS regulations.
(b) In addition to the requirements set forth in § 1710.300 of this part, financial forecasts prepared by distribution borrowers in support of a loan application shall:
(1) Include expenditures for any maintenance determined to be needed in the current system's operation and maintenance review and evaluation in order to comply with mortgage covenants and prudent utility practice;
(2) Fully explain the basis for the power cost projections used. Generally, the power supplier's most recent forecasted rates shall be used; and
(3) Use RUS Form 325 or computer-generated equivalent reports.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.