Rural Electrification Administration

Rural Electrification Administration To carry into effect the provisions of the Rural Electrification Act of 1936, as amended (7 U.S.C. 901–950(b)), as follows: rural electrification and telephone loans program account Insured loans pursuant to the authority of section 305 of the Rural Electrification Act of 1936, as amended (7 U.S.C. 935), shall be made as follows: 5 percent rural electrification loans, $100,000,000; 5 percent rural telephone loans, $75,000,000; cost of money rural telephone loans, $297,000,000; municipal rate rural electric loans, $575,250,000; and loans made pursuant to section 306 of that Act, $420,000,000, to remain available until expended. For the cost, as defined in section 502 of the Congressional Budget Act of 1974, including the cost of modifying loans, of direct and guaranteed loans authorized by the Rural Electrification Act of 1936, as amended (7 U.S.C. 935), as follows: cost of direct loans, $15,200,000; cost of municipal rate loans, $46,020,000; cost of money rural telephone loans, $60,000; cost of loans guaranteed pursuant to section 306, $450,000. In addition, for administrative expenses necessary to carry out the direct and guaranteed loan programs, $29,982,000. rural telephone bank program account The Rural Telephone Bank is hereby authorized to make such expenditures, within the limits of funds available to such corporation in accord with law, and to make such contracts and commitments without regard to fiscal year limitations as provided by section 104 of the Government Corporation Control Act, as amended, as may be necessary in carrying out its authorized programs for the current fiscal year. During fiscal year 1995 and within the resources and authority available, gross obligations for the principal amount of direct loans shall be $175,000,000. For the cost, as defined in section 602 of the Congressional Budget Act of 1974, including the cost of modifying loans, of direct loans authorized by the Rural Electrification Act of 1936, as amended (7 U.S.C. 935), $770,000. In addition, for administrative expenses necessary to carry out the loan programs, $8,794,000. distance learning and medical link programs For necessary expenses to carry into effect the programs authorized in sections 2331–2335 of Public Law 101–624, $7,600,000, to remain available until expended. rea economic development loans program account For gross obligations for the principal amount of direct loans, as authorized under section 313 of the Rural Electrification Act, for the purpose of promoting rural economic development and job creation projects, $12,865,000. 108 STAT. 2460 for the cost of direct loans, including the cost of modifying loans as defined in section 502 of the Congressional Budget Act of 1974, $3,077,000. salaries and expenses (including transfers of funds) For administrative expenses to carry out the provisions of the Rural Electrification Act of 1936, as amended (7 U.S.C. 901–950(b)), and to administer the loan and loan guarantee programs for Community Antenna Television facilities as authorized by the Consolidated Farm and Rural Development Act (7 U.S.C. 1921–1995), and for which commitments were made prior to fiscal year 1994, including not to exceed $7,000 for financial and credit reports, funds for employment pursuant to the second sentence of section 706(a) of the Organic Act of 1944 (7 U.S.C. 2225), and not to exceed $103,000 for employment under 5 U.S.C. 3109, $38,776,000; of which $29,982,000 shall be derived by transfer from the Rural Electrification and Telephone Loans Program Account in this Act and $8,794,000 shall be derived by transfer from the Rural Telephone Bank Program Account in this Act: Provided, That none of the funds in this Act may be used to authorize the transfer of additional funds to this account from the Rural Telephone Bank.