---
kind: "section"
citation: "7 C.F.R. § 1770.11"
title: "7"
number: "1770.11"
heading: "Accounting system requirements."
url: "https://uscodex.org/cfr/7/1770.11"
---

# §1770.11. Accounting system requirements.

- (a) Each RUS borrower subject to the jurisdiction of the Federal Communications Commission (FCC) or a State regulatory body shall maintain its accounts and records in accordance with the rules and regulations prescribed by that regulatory body.
- (b) Each RUS borrower not subject to regulatory control as specified in [§ 1770.11(a)](#a) shall maintain its accounts and records in accordance with the FCC Uniform System of Accounts as set forth in [part 32](/cfr/7/part32.md) of the Commission's Rules and Regulations.
  - (1) RUS borrowers maintaining the accounts prescribed in [47 CFR part 32](/cfr/47/part32.md) for Class A companies as of June 15, 2005, shall continue to do so. RUS suspends implementation of the reduced number of Class A and B accounts, until the Federal-State Joint Conference has reviewed them.
  - (2) New borrowers under the RUS telecommunications program shall maintain the accounts prescribed in [47 CFR part 32](/cfr/47/part32.md) for Class A companies.
  - (3) RUS borrowers maintaining the accounts prescribed for Class B companies may adopt the Class A accounts if they desire more detailed and sophisticated accounting records.

## Notes

### Amendments

[55 FR 3388, Feb. 1, 1990, as amended at 70 FR 25756, May 16, 2005]

### Authority

Authority: 7 U.S.C. 901 et seq.; 7 U.S.C. 1921 et seq.; Pub. L. 103-354, 108 Stat. 3178 (7 U.S.C. 6941 et seq. ).

### Source

Source: 55 FR 3388, Feb. 1, 1990, unless otherwise noted.

### Amendments

[55 FR 3388, Feb. 1, 1990, as amended at 70 FR 25756, May 16, 2005]