[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: 7CFR1730.24]

[Page 299]
 
                          TITLE 7--AGRICULTURE
 
    CHAPTER XVII--RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE
 
PART 1730--ELECTRIC SYSTEM OPERATIONS AND MAINTENANCE--Table of Contents
 
           Subpart B--Operations and Maintenance Requirements
 
Sec. 1730.24  RUS review and evaluation.

    RUS will initiate and conduct a periodic review and evaluation of 
the operations and maintenance practices of each borrower for the 
purpose of assessing loan security and determining borrower compliance 
with RUS policy as outlined in this part. This review will normally be 
done at least once every three years. The borrower will make available 
to RUS the borrower's policies, procedures, and records related to the 
operations and maintenance of its complete system. Reports made by other 
inspectors (e.g., other Federal agencies, State inspectors, etc.) will 
also be made available, as applicable. RUS will not duplicate these 
other reviews but will use their reports to supplement its own review. 
RUS may inspect facilities, as well as records, and may also observe 
construction and maintenance work in the field. Key borrower personnel 
responsible for the facilities being inspected are to accompany RUS 
during such inspections, unless otherwise determined by RUS. RUS 
personnel may prepare an independent summary of the operations and 
maintenance practices of the borrower. The borrower's management will 
discuss this review and evaluation with its Board of Directors.