Coops Could Be Affected by Shutdown
Posted on Oct 1, 2013 in Legislative & Politics | Comments Off on Coops Could Be Affected by Shutdown
Coops could feel the pinch of the federal government’s shutdown because agencies responsible for transmission and distribution could close until Congress successfully enacts a stopgap or long-term spending bill. Generally, only those services deemed “essential” by federal officials will remain open. One of the services affected will be the Rural Utilities Service, which will not make loans or advances for rural electric and telecommunications infrastructure. Therefore, coop borrowers will be unable to make or pay off loans, which will, in turn, halt the Rural Economic Development Loan and Grant program. Click here for the full story.
