§1710.301. Financial forecasts—distribution borrowers.
7 C.F.R. § 1710.301
Financial forecasts prepared by distribution borrowers shall cover at least a ten-year period, unless a shorter period is authorized by other RUS regulations.
In addition to the requirements set forth in § 1710.300 of this part, financial forecasts prepared by distribution borrowers in support of a loan application shall:
Include expenditures for any maintenance determined to be needed in the current system's operation and maintenance review and evaluation in order to comply with mortgage covenants and prudent utility practice;
Fully explain the basis for the power cost projections used. Generally, the power supplier's most recent forecasted rates shall be used; and
Use RUS Form 325 or computer-generated equivalent reports.
Notes, amendments, and revision history
Authority
Authority: 7 U.S.C. 901 et seq., 1921 et seq., and 6941 et seq.
Source
Source: 57 FR 1053, Jan. 9, 1992, unless otherwise noted.