Code of Federal Regulations Title 7. Agriculture § 7.1735.19 Mergers and consolidations

RUS does not make loans for the sole purpose of merging or consolidating telephone organizations. After a merger or consolidation, RUS will consider making loans to the telephone system to finance the improvement or extension of telephone service in rural areas. See RUS Bulletins 320–4, 321–2, 325–1, and 326–1.