7 CFR 1767.11 : Agriculture (§ 1.1 To Parts 4291-4299) — (Parts 1758-1766 To Parts 1931-1939) — Regulations Of The Department Of Agriculture (Continued) (Parts 1758-1766 To Parts 1931-1939) — Rural Utilities Service, Department Of Agriculture (Continued) (Parts 1758-1766 To Parts 1794-1799) — Accounting Requirements For Rus Electric Borrowers (Subpart A To §§ 1767.72-1767.85) — Uniform System Of Accounts (§ 1767.10 To §§ 1767.42-1767.45) — Purpose.

(a) The standard form of RUS loan documents for electric borrowers requires that the borrower keep books, records, and accounts in which full and true entries will be made of all of the dealings, business and affairs of the borrower in accordance with the methods and principles of accounting of this part.

(b) This subpart implements these provisions of the RUS loan documents by prescribing the RUS USoA for electric borrowers and by providing accounting methodologies and procedures which are applicable to particular situations.