News & Analysis as of

Loans Rural Areas

Baker Botts L.L.P.

Sunlight Under Scrutiny: Staying Eligible in USDA's New Era

Baker Botts L.L.P. on

The United States Department of Agriculture’s (USDA) Rural Business-Cooperative Service (RBCS) has issued a new policy directive that emphasizes portfolio stewardship and significantly alters eligibility criteria for...more

Troutman Pepper Locke

Legislation Introduced in the House Aims to Support New and Rural Banks by Easing Regulatory Requirements

Troutman Pepper Locke on

On January 16, U.S. Representative Andy Barr (R-KY) introduced H.R. 478, the “Promoting New Bank Formation Act,” which was referred to the Committee on Financial Services. This bill aims to support the establishment and...more

Lerman Senter PLLC

Rural Utilities Service to Accept ReConnect Program Funding Applications

Lerman Senter PLLC on

A Funding Opportunity Announcement (“FOA”) has been published in the Federal Register announcing that the Rural Utilities Service (RUS) will accept applications for the second funding round in fiscal year 2022 for the...more

McCarter & English, LLP

Rural Utilities Service Begins FY19 Broadband Loan Program, Revises Loan Limits

McCarter & English, LLP on

The Rural Utilities Service (RUS) announced on November 15, 2018, that it is now accepting fiscal year 2019 (FY19) applications for the Rural Broadband Access Loans and Loan Guarantees Program on a rolling first-come,...more

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