The Rural Utilities Service of the Department of Agriculture has recently announced that, in certain circumstances, it is granting an exception to the $10 million limitation on the Business & Industry guaranteed loan program (B&I Program) in fiscal year 2011.
Read More »RUS Receives Unprecedented Interest in the B&I Loan Program
The Rural Utility Service of the U.S. Department of Agriculture (“RUS”) announced the availability of over $325 million for the Rural Broadband Access Loans and Loan Guarantees Program for fiscal year 2011. [See a previous post on the Broadband Program.] Read More »RUS Program for Rural Broadband
On March 7, 2011, the NRTC announced that it would offer a wireless AMI (advanced metering infrastructure) system to its members from Sensus.
he USDA announced on March 10, 2011, that the Rural Utilities Service (RUS) is now accepting applications for broadband loans under the Broadband Loan Program. Although a final appropriations act has not yet been passed, RUS issued the notice now to give applicants time to submit proposals and allow RUS time to process applications within the current fiscal year.
The article discusses current cooperative practices, examines the state open access and open records law applicable to public entities, and, for those cooperatives interested in developing open access policies, provides guidance on drafting such policies.
A new class action lawsuit was filed on behalf of deceased members of South River Electric Membership Corporation, based in Dunn, N.C. The complaint centers around the electric cooperative’s practice of discounting the capital credits of estates to present value, a common practice by many cooperatives.
In a previous post, we discussed litigation against cooperatives involving their capital credit practices. That post contains a link to a summary discussing specific cases. One of those cases involved Carroll Electric Cooperative Corporation, an Arkansas electric cooperative. Earlier this month, the Supreme Court of Arkansas affirmed a lower court’s dismissal of the case.
Can the Cooperative Model Help America’s Healthcare System?
Several electric cooperatives throughout the country have been the subject of class action lawsuits targeting their unretired capital credits. The lawsuits were filed by one or more members or former members against the cooperative and, in some instances, against directors and management. In this blog post, we discuss one non-legal measure to avoid such lawsuits and bolster coopertives’ defenses. We recommend education of cooperative management, employees, directors, and especially members.
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