---
kind: "section"
citation: "7 C.F.R. § 1724.1"
title: "7"
number: "1724.1"
heading: "Introduction."
url: "https://uscodex.org/cfr/7/1724.1"
---

# §1724.1. Introduction.

- (a) The policies, procedures and requirements in this part implement certain provisions of the standard form of loan documents between the Rural Utilities Service (RUS) and its electric borrowers.
- (b) All borrowers, regardless of the source of financing, shall comply with RUS' requirements with respect to design, construction standards, and the use of RUS accepted material on their electric systems.
- (c) **Borrowers are required to use RUS contract forms only if the facilities are financed by RUS.** Borrowers have three options:
  - (1) Submit the actual contract used for review and approval;
  - (2) Submit a certification that the required contract was used for the electric project or;
  - (3) Submit a certification that the contract was not used but the essential and identical provisions specifically listed in the certification were used in the contract for constructing the electric facilities.

## Notes

### Amendments

[63 FR 35314, June 29, 1998, as amended at 84 FR 32617, July 9, 2019]

### Authority

Authority: 7 U.S.C. 901 et seq., 1921 et seq., 6941 et seq.

### Source

Source: 63 FR 35314, June 29, 1998, unless otherwise noted.

### Amendments

[63 FR 35314, June 29, 1998, as amended at 84 FR 32617, July 9, 2019]