Eversheds Sutherland Coop Law Blog
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NRECA Urges Congress to Include RUS Debt Relief in Upcoming COVID-19 Stimulus Package

The National Rural Electric Cooperative Association (NRECA), which represents more than 900 electric cooperatives in the US, is urging Congress to include a provision in the next COVID-19 stimulus package that would allow electric coops to reprice loans from the Rural Utilities Service (RUS) at current low interest rates without penalties. Current RUS loan rules apply hefty prepayment...