RUS Amends Emergency Plan Requirements for Borrowers

The August 4 edition of the Federal Register (page 47055) contains a final rule notice for the USDA Rural Utilities Service requirements pertaining to inclusion of Emergency Restoration Plans for all loan recipients.  The effective date for the rule change is September 6, 2011.

The notice summary states:  “The Rural Utilities Service (RUS) is amending the requirements established for Emergency Restoration Plans (ERPs), currently mandated for all borrowers, to include a plan to comply with the eligibility requirements to qualify for the Federal Emergency Management Agency (FEMA) Public Assistance Grant Program in the event of a declared disaster. This amendment will ensure that RUS borrowers have a plan to maintain their eligibility to receive financial assistance from FEMA in the event they incur eligible costs for disaster related system repair and restoration.”

Should you have questions, please contact Donald Junta of USDA-RUS at donald.junta@wdc.usda.gov.  You may also read the entire notice at http://www.gpo.gov/fdsys/pkg/FR-2011-08-04/pdf/2011-19661.pdf

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