A Brief History of the Rural Electric and Telephone ProgramsU.S. Department of Agriculture, Rural Electrification Administration, 1986 - 61 pages |
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100.0 Dollars Percent 1984 Dollars Percent advanced during FY Amortization Interest Approved but unadvanced Approved during FY Chart cost of money Cost of Power Depreciation & Amortization Dollars Percent Dollars electric and telephone Electric Distribution Borrowers financial ratios Fiscal Year REA FISCAL YEAR TABLE GRADES OF SERVICE Income or Margin Interest on Long-Term interest rate Loan Guarantee Commitments Loans to Electric Long-Term Debt Long-Term Financing Approved MAJOR APPLIANCES million in F.Y. Net Margins North Dakota Number of REA Percent Dollars Percent PLANT IN SERVICE Power Production Expense Power Supply Borrowers RATIOS OF REA REA Borrowers REA Electric Borrowers REA Electric Distribution REA Guarantee REA Loan Guarantee REA Telephone Borrowers RETRF RTB loans rural electric systems Rural Electrification Act Rural Electrification Administration Rural Telephone Bank rural telephone service September 30 Served by REA SOURCES OF LONG-TERM Subscribers Served Telephone Bank Loans Telephone Revolving Fund telephone service Total Operating Revenue Utilities Cooperative
Fréquemment cités
Page 5 - Administrator finds that the borrower— "(1) has experienced extreme financial hardship; or "(2) cannot, in accordance with generally accepted management and accounting principles and without charging rates to its customers or subscribers so high as to create a substantial disparity between such rates and the rates charged for similar service in the same or nearby areas by other suppliers, provide service consistent with the objectives of this Act".
Page 5 - June 30, 1985, but not to the extent that the Telephone Bank Board determines that such retirement will impair the operations of the telephone bank: Provided, That the minimum amount of class A stock that shall be retired each year after said date and after the amount of class A and class B stock issued totals $400,000,000, shall equal the amount of class B stock sold by the telephone bank during such year.
Page 5 - Act of 1981 indicates that the purpose of the legislation is "to provide price and income protection for farmers, assure consumers an abundance of food and fiber at reasonable prices, continue food assistance to low income households, and for other purposes.
Page 2 - The Rural Telephone Bank is managed by a 13-member board of directors. The Administrator of REA serves as Governor of the Bank until conversion to private ownership, control, and operation. This will take place when 51 percent of the Class A stock issued to the United States and outstanding at any time after September 30, 1985, has been fully redeemed and retired.
Page 28 - ... 1973, REA has paid out more in advances to borrowers and in interest, than it has received in payments on loans. The RETRF obtains the additional funds necessary to meet advances and interest expenses from the US Treasury, directly or through the Federal Financing Bank, at rates of interest greatly in excess of the interest rates charged borrowers. CHART D-8 RURAL ELECTRIFICATION AND TELEPHONE REVOLVING FUND MILLIONS OF DOLLARS...
Page 2 - September 30, 1985, has been fully redeemed and retired. The Bank board holds at least four regularly scheduled meetings a year. Activities of the Bank are carried out by REA employees and the Office of the General Counsel of the US Department of Agriculture. In 1973, a major amendment to the Rural Electrification Act established the "Rural Electrification and Telephone Revolving Fund' (RETRF) for the purpose of making loans to REA electric and telephone borrowers.
Page 3 - The Rural Electrification Administration was created by Executive Order 7037 of May 11 under authority of the Emergency Relief Appropriation Act of 1935. approved April 8.
Page 5 - TABLE OF CONTENTS Title I. Agriculture, forestry, and related programs. Title II. Armed services and defense-related programs. Title III. Banking, housing, and related programs. Title IV District of Columbia. Title V.
Page 1 - ... live, work, or do business throughout rural America. Financial assistance may include (a) loans from REA, (b) guarantees of loans made by others, and (c) REA approval of security arrangements which permit the borrower to obtain financing from other lenders without a guarantee. REA was first established by Executive Order 7037 on May 11, 1935, as part of a general program of unemployment relief. It soon became clear, however, that the task of extending central station electric service to rural...
Page 36 - Table D-13 REA Loan Guarantee Commitments and Rural Telephone Bank Loans Fiscal Year 1985 36 REA Loan Guarantee Electric Commitments Telenhone Rural Telephone UNITED STATES v 74 fi07 000 $167.773.200 Alabama B...