How to apply...
Application Procedure:
The completed loan application consists of 4 parts, an RUS Form 490, a market survey called Area Coverage Survey (ACS), and an Application for Telephone Loan or Loan Guarantee. Detailed information for applying is in 7 CFR Parts 1610 and 1737, available from RUS upon request. This is the same procedure used when applying for an RUS telephone loan. This program is excluded from coverage under OMB Circular No. A-110.
Note: Each program will indicate whether applications are to be submitted to the Federal headquarters, regional or local office, or to a State or local government office.
Award Procedure:
Depending on the amount of the application, the Governor of the Rural Telephone Bank (who is also the Administrator of RUS), Assistant Administrator, or the appropriate Area Director, makes the final decision, based upon a finding that the loan is economically feasible and serves the purposes of the Rural Electrification Act. Borrowers and Members of Congress are notified of loan approval directly, and the public is notified through normal media communications.
Note: Grant payments may be made by a letter of credit, advance by Treasury check, or reimbursement by Treasury check.
Awards may be made by the headquarters office directly to the applicant, an agency field office, a regional office,
or by an authorized county office. The assistance may pass through the initial applicant for further distribution by
intermediate level applicants to groups or individuals in the private sector.