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Saturday, April 13, 2024 | Back issues
Courthouse News Service Courthouse News Service

Rural Utilities Borrowers To Keep Financial Aid

WASHINGTON (CN) - The Rural Utilities Service proposes to amend the requirements established for Emergency Restoration Plans, currently mandated for all borrowers, to include compliance with the requirements established by the Federal Emergency Management Agency for public assistance grant eligibility in the event of a declared disaster.

This amendment is to ensure that RUS borrowers maintain their eligibility for financial aid from FEMA in the event they incur costs for disaster related system repair and restoration by including FEMA requirements in their Emergency Restoration Plans.

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