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Simple English definitions for legal terms
Rural Utilities Service
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A quick definition of Rural Utilities Service:
Rural Utilities Service: A part of the U.S. Department of Agriculture that helps rural areas get electricity and telecommunications. They give loans to companies that provide these services to people who live in the countryside. RUS used to be called the Rural Electrification Administration.
A more thorough explanation:
Rural Utilities Service
The Rural Utilities Service (RUS) is an agency within the U.S. Department of Agriculture that provides loans to rural electric and telecommunication utilities. It was created to help bring electricity and communication services to rural areas that may not have access to them otherwise. RUS is the successor to the Rural Electrification Administration.
- A small town in rural America needs to upgrade its electrical grid to meet the growing demand for power. The town's electric utility company can apply for a loan from RUS to help fund the project.
- A telecommunications company wants to expand its high-speed internet service to a remote area with few options for internet access. RUS can provide a loan guarantee to help the company secure financing for the project.
These examples illustrate how RUS helps rural communities by providing financial assistance to utilities that serve them. Without RUS, it may be difficult for these utilities to obtain the necessary funding to improve or expand their services, which could leave rural areas without access to essential utilities.