Formula and Matching Requirements: This program requires supplemental funds in the amount of 20 percent of the RBS application amounts. Length and Time Phasing of Assistance: Not applicable. POST ASSISTANCE REQUIREMENTS: Reports: Reporting need established in 7 CFR 1703, Subpart B. Audits: Financial audit of the RUS utility is required. Records: Record retention requirements established in 7 CFR 1703, Subpart B. 156 FINANCIAL INFORMATION: Account Identification: 12-4230-0-3-271; 12-3108-0-1-452; 12- 3105-0-1-452. Obligations: (Loans) FY 99 $15,000,100; FY 00 est $15,000,000; and FY 01 est $15,000,000. (Grants) FY 99 $11,000,000; FY 00 est $4,000,000; and FY 01 est $4,000,000. (Note: Grants to establish Revolving Loan Fund Programs.) Range and Average of Financial Assistance: (Loans) for FY 1999, $10,000 to $450,000; $375,000 average. (Grants) for FY 1999, $10,000 to $330,000; $260,000 average. Maximum limits for FY 2000: Loans $450,000; Grants $200,000. PROGAM ACCOMPLISHMENTS: From May 1989 to September 30, 1999, 564 loans totaling $120,338,000 and 208 grants totaling $63,486,865 were made. They created 24,498 jobs and were leveraged with $1.02 billion in supplemental capital. REGULATIONS, GUIDELINES, AND LITERATURE: 7 CFR 1703, Subpart B and the Rural Electrification Act of 1936. INFORMATION CONTACTS: Regional or Local Office: Consult your local telephone directory for RD District Office number.
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