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This document outlines the requirements and procedures for closing out special equipment contracts, including necessary certifications, final payments, and relevant forms.
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How to fill out rus forms 397 and

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How to fill out RUS Forms 397 and 398

01
Begin by gathering necessary information such as your organization's name, address, and contact details.
02
Access the RUS Forms 397 and 398 from the official RUS website or relevant agency links.
03
Carefully read the instructions provided with each form to understand the prerequisites for completion.
04
Fill out Form 397 by entering the details related to loan application, including financial data and project descriptions.
05
For Form 398, provide specific information about projected budgets, funding sources, and any additional supporting documentation required.
06
Double-check all entries for accuracy and completeness to ensure compliance with RUS regulations.
07
Sign and date both forms where indicated, and prepare them for submission.
08
Submit the forms via the designated method outlined by RUS, such as online submission or mailing them to the appropriate office.

Who needs RUS Forms 397 and 398?

01
Organizations or entities applying for loans or grants through the Rural Utilities Service (RUS).
02
Companies involved in rural electric, telecommunications, or water systems development seeking federal funding.
03
Public and private utilities pursuing federal assistance for infrastructure projects in rural areas.
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RUS Forms 397 and 398 are standard forms used by the Rural Utilities Service to collect data related to financial and operational performance of utilities, particularly in the context of loan programs.
Entities that receive loans or funding from the Rural Utilities Service, such as rural electric cooperatives and broadband providers, are required to file these forms.
Forms 397 and 398 should be completed by providing accurate financial data, operational statistics, and any additional information as requested in the instructions provided with the forms. It is essential to follow the guidelines for each section carefully.
The purpose of RUS Forms 397 and 398 is to ensure that the Rural Utilities Service can monitor the performance and financial health of utilities, assess compliance with loan agreements, and support decision-making regarding funding.
Information reported on RUS Forms 397 and 398 typically includes financial statements, operational metrics, service statistics, debt levels, and compliance data pertinent to the utility's obligations under RUS loans.
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