Loans are made to cooperatives as well as to corporations, states, territories and subdivisions and agencies such as municipalities, people's utility districts, and nonprofit, limited-dividend, or mutual associations that provide retail electric service needs to rural areas or supply the power needs of distribution borrowers in rural areas. The loans and loan guarantees finance the construction of electric distribution, transmission, and generation facilities, including system improvements and replacement required to furnish and improve electric service in rural areas, as well as demand side management, energy efficiency and conservation programs, and on-grid and off-grid renewable energy systems. Under the authority of the Rural Electrification Act of 1936, the Electric Program makes direct loans and loan guarantees (FFB), as well as grants and other energy project financing to electric utilities (wholesale and retail providers of electricity) that serve customers in rural areas. The Electric Program provides leadership and capital to maintain, expand, upgrade, and modernize America's vast rural electric infrastructure. Providing reliable, affordable electricity is essential to sustaining the economic well-being and quality of life for all of the nation's rural residents. Read the Memorandum dated Augfor details. The Rural Utilities Service (RUS) announces the Self-Evaluation and Transition Plans (Section 504 of the Rehabilitation Act of 1973) and all RUS Recipients, Grantees, and Borrowers are required to conduct Self-Evaluations of their facilities, policies, procedures, and practices for compliance with Section 504 of the Rehabilitation Act of 1973.
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