Obama Administration Proposes New Restrictions on RUS Financing

The Department of Agriculture announced a fiscal 2014 budget of $4 billion for the Rural Utilities Service (RUS) Electric Loan Program.  Of that amount, $3 billion would be earmarked for renewable energy projects with the remaining $1 billion held for environmental upgrades.  The proposed budget provides no money for other distribution or transmission projects, a void that lawmakers hope will be filled by banks and not-for-profit organizations.  Read more here.

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