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Code of Federal Regulations Title 7. Agriculture § 7.1710.301 Financial forecasts—distribution borrowers

Current as of January 02, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.1710.301 Financial forecasts—distribution borrowers - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-1710-301/

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