United States Department of Agriculture
1400 Independence Ave, S.W. • Washington, DC 20250-0700
Committed to the future of rural communities.
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1400 Independence Avenue, S.W.,
Washington, DC 20250-9410 or call (800)795-3272 (voice) or (202) 720-6382 (TDD).
July 8, 2008
SUBJECT: Dates – Work Plan Completion, Loan Cutoff and Form 7
Minor Revision to Memorandum to All Electric Programs’ Distribution
Borrowers, dated July 7, 2006
TO: All Electric Programs’ Distribution Borrowers
FROM: James R. Newby
The Rural Development Utilities Programs, Electric Programs had conducted a review of its
procedures in 7 CFR 1710 with regard to dates associated with a distribution borrower’s loan
application; namely, the work plan effective date, loan cutoff date and Form 7 date. Based
upon its review, the following procedures were developed and a memorandum dated July 7,
2006 was sent to all Electric Programs’ Distribution Borrowers. A minor revision has recently
been made to this procedure; namely, the Form 7 submitted with a loan application shall
contain the most recent data available which shall not be more than 60 days old when received
by the Electric Programs versus 90 days old.
The revised procedure is as follows:
1) The approval of the work plan will establish its effective date, which would typically be
within one month of the dates of its approval, i.e., the end of the previous month or the
end of the current month.
2) A loan application received date (APR) date which is established within six months of
the work plan effective date can use the work plan’s effective date as the cutoff date for
the loan a