[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: 7CFR1735.1]

[Page 301-302]
 
                          TITLE 7--AGRICULTURE
 
    CHAPTER XVII--RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE
 
PART 1735--GENERAL POLICIES, TYPES OF LOANS, LOAN REQUIREMENTS--TELECOMMUNICATIONS PROGRAM--Table of Contents
 
                           Subpart A--General
 
Sec. 1735.1  General statement.


    (a) Subparts A through E of this part set forth the general 
policies, types of loans and loan requirements under the Telephone loan 
program.
    (b) The standard RUS security documents (see 7 CFR 1744 subpart D or

[[Page 302]]

RUS Bulletins 320-4, 320-22, 321-2, 322-2, 323-1, 326-1) contain 
provisions regarding acquisitions, mergers, and consolidations. Subparts 
F through J of this part implement those provisions by setting forth the 
policies, procedures, and requirements for telephone borrowers planning 
to acquire existing telephone lines, facilities, or systems with RUS 
loan or other funds, or planning to merge or consolidate with another 
system. This part supersedes all RUS Bulletins that are in conflict with 
it.
    (c) Subparts F through J of this part also detail RUS's requirements 
with respect to mergers and acquisitions involving RUS loan funds.

[55 FR 39395, Sept. 27, 1990; 55 FR 41170, Oct. 9, 1990]