House Subcommittee Rejects Administration’s RUS Limitations
A House subcommittee supports a bill providing $4 billion to the Rural Utilities Service (RUS) loan program but opposes limitations on that amount proposed by the Obama Administration. The Administration would allocate $3 billion for renewable-energy-related projects and the remaining $1 billion to environmental upgrade projects. The House subcommittee would provide more flexibility on how RUS loans may be used. The bill will move to the House Appropriations Committee for further discussion. Click here for more information.