---
kind: "section"
citation: "7 C.F.R. § 1700.55"
title: "7"
number: "1700.55"
heading: "Telecommunications Program."
url: "https://uscodex.org/cfr/7/1700.55"
---

# §1700.55. Telecommunications Program.

- (a) **Administrator—** The authority to approve the following loans, loan guarantees, and lien accommodations is reserved to the Administrator:
  - (1) All loans, loan guarantees, and lien accommodations and subordinations of liens to finance operating costs.
  - (2) **All loans, loan guarantees, or lien accommodations and subordinations of liens of $25,000,000 or more.**
  - (3) **Loans and loan guarantees with acquisition costs of $5,000,000 or more.**
  - (4) **Loans and loan guarantees containing funds to refinance outstanding debt of more than $5,000,000.**
  - (5) All loan contracts, security instruments, and all other documents to be executed in connection with loans and loan guarantees approved by the Administrator.
- (b) **Assistant Administrator, Telecommunications Program,—** has the authority to approve the following loans, loan guarantees, and lien accommodations, except for those approvals reserved to the Administrator:
  - (1) Loans, loan guarantees, and lien accommodations and subordinations of liens not to exceed $25,000,000 except for those reserved to the Administrator.
  - (2) Loans and loan guarantees with acquisition costs where the acquisition portion of the loan is less than $5,000,000.
  - (3) **Loans and loan guarantees including refinancing amounts that do not exceed $5,000,000.**
  - (4) **Distance learning and telemedicine loans and loan guarantees that do not exceed $5,000,000.**
  - (5) Loan contracts, security instruments, and other documents to be executed in connection with loans and loan guarantees approved by the Assistant Administrator, Telecommunications Program.
- (c) **Area Directors—** have the authority to approve the following loans, loan guarantees, and lien accommodations, except for those approvals reserved to the Administrator:
  - (1) **Loans, loan guarantees, and lien accommodations and subordinations of liens of less than $10,000,000.**
  - (2) **Loans and loan guarantees with acquisition costs of less than $2,000,000.**
  - (3) **Loans and loan guarantees including refinancing amounts of less than $2,000,000.**
  - (4) **Any modifications in the method of carrying out loan purposes.**

## Notes

### Authority

Authority: 5 U.S.C. 301, 552; 7 U.S.C. 901 et seq., 1921 et seq., 6941 et seq.; 7 CFR 2.7.

### Source

Source: 63 FR 16085, Apr. 2, 1998, unless otherwise noted.