[Code of Federal Regulations]
[Title 7, Volume 11]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1724.70]

[Page 244]
 
                          TITLE 7--AGRICULTURE
 
    CHAPTER XVII--RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE
 
PART 1724--ELECTRIC ENGINEERING, ARCHITECTURAL SERVICES AND DESIGN POLICIES AND PROCEDURES--Table of Contents
 
                      Subpart F--RUS Contract Forms
 
Sec. 1724.70  Standard forms of contracts for borrowers.


    (a) General. The standard loan agreement between RUS and its 
borrowers provides that, in accordance with applicable RUS regulations 
in this chapter, the borrower shall use standard forms of contract 
promulgated by RUS for construction, procurement, engineering services, 
and architectural services financed by a loan made or guaranteed by RUS. 
(See section 5.16 of appendix A to subpart C of part 1718 of this 
chapter.) This subpart prescribes RUS procedures in promulgating 
electric program standard contract forms and identifies those forms that 
borrowers are required to use.
    (b) Contract forms. RUS promulgates standard contract forms, 
identified in the List of Required Contract Forms, Sec. 1724.74(c), that 
borrowers are required to use in accordance with the provisions of this 
part. In addition, RUS promulgates standard contract forms identified in 
the List of Guidance Contract Forms contained in Sec. 1724.74(c) that 
the borrowers may but are not required to use in the planning, design, 
and construction of their electric systems. Borrowers are not required 
to use these guidance contract forms in the absence of an agreement to 
do so.

[63 FR 58284, Oct. 30, 1998]