Sheet: Sheet1

Sheet: Sheet 1A

Sheet: Sheet 2

Sheet: Sheet 3

Sheet: Sheet 4

Sheet: Certification

Sheet: Pg1 Instr

Sheet: Pg2 Instr

Sheet: Pg3 Instr

Sheet: Pg4 Instr

Public reporting burden for this collection of information is estimated to average 17 hours per response, including the time for reviewing instructions, searching existing data sources, gathering

and maintaining the data needed and completing and reviewing the collection of information. Send comments regarding this burden estimate or any other aspect of this collection of information,

including suggestions  for  reducing  this  burden,  to   Department  of  Agriculture,   Clearance  Officer,   OIRM,   Room  404-W, Washington, DC  20250; and to the  Office  of  Management 

and Budget, Paperwork Reduction Project (OMB #0572-0032), Washington, DC  20503.  OMB FORM NO. 0572-0032, Expires 05/31/92.

      This data will be used by RUS to review your financial situation.  Your response is required (7 USC 901 et seq.) and is not confidential.

Form Approved

USDA-RUS

OMB No. 0572-0032

COST ESTIMATES AND LOAN BUDGET

BORROWER AND LOAN DESIGNATION

(insert on Sheet 1, Cell I10)

FOR ELECTRIC BORROWERS

    To: U.S. Dept. of Agriculture, RUS, Washington, D. C. 20250

COST ESTIMATES AS OF:       (Month,  Year)

  INSTRUCTIONS 

See EOM-4 Guideline for the Implementation of 7 CFR 1711.1 

35185.0

SECTION A.   COST ESTIMATES

LOAN PERIOD

2.0

YEARS

    BORROWER'S

      1. DISTRIBUTION    

COST ESTIMATES

 RUS USE ONLY

100.0

   a. New Line: (Excluding Tie-Lines)

Construction

Consumers

Miles

101.0

      Underground

0.0

0.0

0.0

102.0

      Overhead

0.0

0.0

0.0

       Total Consumers. . . . . . . . . . . . .

0.0

Total Miles . . . . . . . . . . . . .

0.0

Less Contributions . . . . . . . . . . . . . . . .

0.0

Subtotal (New Line). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

0.0

  a.(1) Major Development : (site specific code 100)

103.0

0.0

104.0

0.0

105.0

0.0

Subtotal (Major Development). . . . . . . . . . . . . . . . . . . . . . . .  

0.0

0.0

200

    b. New Tie-Lines

Line Designation

Miles

201.0

0.0

0.0

202.0

0.0

0.0

203.0

0.0

0.0

204.0

0.0

0.0

205.0

0.0

0.0

206.0

0.0

0.0

0.0

0.0

0.0

0.0

300

    c. Conversion and Line Changes

Line Designation

Miles

301.0

0.0

0.0

302.0

0.0

0.0

303.0

0.0

0.0

304.0

0.0

0.0

305.0

0.0

0.0

306.0

0.0

0.0

307.0

0.0

0.0

308.0

0.0

0.0

309.0

0.0

0.0

310.0

0.0

0.0

0.0

0.0

0.0

0.0

400

    d. New Substations, Switching Stations, Metering Points, etc.

Station Designation

kVA

kV to kV

401.0

0.0

402.0

0.0

403.0

0.0

404.0

0.0

405.0

0.0

406.0

0.0

Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

0.0

RUS FORM 740c   

(Computer generated form - modified)  (version 5, 6/97)

PAGE 1 OF 4 PAGES

COST ESTIMATE AND LOAN BUDGET FOR ELECTRIC BORROWERS

  BORROWER AND LOAN DESIGNATION

(insert on Sheet 1, Cell I10)

  SECTION A.   COST  ESTIMATES (Page 1 Continuation Sheet)

       BORROWER'S

     RUS USE ONLY

  COST ESTIMATES

200

Line Designation

Miles

207.0

0.0

0.0

208.0

0.0

0.0

209.0

0.0

0.0

210.0

0.0

0.0

211.0

0.0

0.0

212.0

0.0

0.0

213.0

0.0

0.0

214.0

0.0

0.0

215.0

0.0

0.0

216.0

0.0

0.0

Miles . . . . . . . . . . . . . . . . . . . . . .

0.0

Subtotal  (transfers to page 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  

0.0

300

Line Designation

Miles

311.0

0.0

0.0

312.0

0.0

0.0

313.0

0.0

0.0

314.0

0.0

0.0

315.0

0.0

0.0

316.0

0.0

0.0

317.0

0.0

0.0

318.0

0.0

0.0

319.0

0.0

0.0

320.0

0.0

0.0

321.0

0.0

0.0

322.0

0.0

0.0

323.0

0.0

0.0

324.0

0.0

0.0

325.0

0.0

0.0

326.0

0.0

0.0

327.0

0.0

0.0

328.0

0.0

0.0

329.0

0.0

0.0

330.0

0.0

0.0

331.0

0.0

0.0

332.0

0.0

0.0

333.0

0.0

0.0

334.0

0.0

0.0

335.0

0.0

0.0

336.0

0.0

0.0

337.0

0.0

0.0

338.0

0.0

0.0

339.0

0.0

0.0

340.0

0.0

0.0

341.0

0.0

0.0

342.0

0.0

0.0

343.0

0.0

0.0

0.0

0.0

RUS   Form

740c

(Computer generated form - modified)  (version 5, 6/97)

Page 1A of 4

  BORROWER AND LOAN DESIGNATION

(insert on Sheet 1, Cell I10)

BORROWER'S

RUS USE ONLY

COST ESTIMATES

500

e.  Substation, Switching Station, Metering Point Changes

Station Designation

Description of Changes

501.0

0.0

502.0

0.0

503.0

0.0

504.0

0.0

505.0

0.0

506.0

0.0

507.0

0.0

508.0

0.0

509.0

0.0

Subtotal  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

0.0

600

f.  Miscellaneous Distribution Equipment  

601

   (1) Transformers and Meters

        Construction

Transformers

Meters

        Underground

0.0

0.0

0.0

        Overhead

0.0

0.0

0.0

Subtotal  code 601 . . . (included in total of all 600 codes below)

0.0

602

    (2) Sets of Service Wires to increase Capacity

0.0

603

    (3) Sectionalizing Equipment

0.0

604

    (4) Regulators

0.0

605

    (5) Capacitors

0.0

606.0

    (6) Ordinary Replacements

0.0

    (7)

0.0

    (8) 

0.0

    (9)

0.0

   (10)

0.0

   (11)

0.0

0.0

700

g.   Other Distribution Items

701

    (1) Engineering Fees

0.0

702

    (2) Security Lights

0.0

703

    (3) Reimbursement of General Funds (see attached)

0.0

704

    (4)

0.0

Subtotal   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

0.0

TOTAL DISTRIBUTION. . . . . . . . .

0.0

800

2.  Transmission

  a.  New Line

Line Designation

Voltage

Wire Size

Miles

801.0

0.0

802.0

0.0

803.0

0.0

804.0

0.0

805.0

0.0

806.0

0.0

807.0

0.0

808.0

0.0

809.0

0.0

810.0

0.0

Total Miles

0.0

Subtotal  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

0.0

RUS   Form

740c

(Computer generated form - modified)  (version 5, 6/97)

PAGE 2 OF 4 PAGES

COST ESTIMATE AND LOAN BUDGET FOR ELECTRIC BORROWERS

  BORROWER AND LOAN DESIGNATION

(insert on Sheet 1, Cell I10)

  SECTION A.   COST ESTIMATES

(cont.)

BORROWER'S

RUS USE ONLY

   COST ESTIMATES

900

b. New Substation, Switching Station, etc.

Station Designation

kVA

kV TO kV

901.0

0.0

902.0

0.0

903.0

0.0

904.0

0.0

905.0

0.0

906.0

0.0

907.0

0.0

908.0

0.0

Subtotal  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

0.0

1000

c. Line and Station Changes  

Line/Station Designation

Description of Changes

1001.0

0.0

1002.0

0.0

1003.0

0.0

1004.0

0.0

1005.0

0.0

1006.0

0.0

1007.0

0.0

1008.0

0.0

1009.0

0.0

Subtotal   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

0.0

1100

d.   Other Transmission Items

1101.0

     (1)      R/W Procurement

0.0

1102.0

     (2)      Engineering Fees

0.0

1103.0

     (3)      Reimbursement of General Funds (see schedule)

0.0

1104.0

     (4)      

0.0

Subtotal   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

0.0

TOTAL TRANSMISSION. . . . . . . . . . . .

0.0

1200

3.  GENERATION (including Step-up Station at Plant)

1201.0

  a Fuel

Nameplate Rating

kW

0.0

1202.0

  b.

0.0

TOTAL GENERATION. . . . . . . . . . . . . .

0.0

1300

4.  HEADQUARTERS FACILITIES

1301.0

  a.    New or additional Facilities

(Attach RUS Form 740g)

0.0

1302.0

  b.

0.0

TOTAL HEADQUARTERS FACILITIES . . . . . . . . . . . . . . . .

0.0

RUS   Form

(Computer generated form - modified)  (version 5, 6/97)

PAGE 3 OF 4 PAGES

  COST ESTIMATE AND LOAN BUDGET FOR ELECTRIC BORROWERS

  BORROWER AND LOAN DESIGNATION

(insert on Sheet 1, Cell I10)

  SECTION A.   COST ESTIMATES

(cont.)

BORROWER'S

   RUS USE ONLY

COST ESTIMATES

1400.0

 5. ACQUISITIONS

1401.0

    a.

Consumers

Miles

0.0

1402.0

    b.     

0.0

TOTAL ACQUISITIONS. . . . . . . .

0.0

1500

 6. ALL OTHER

1501.0

    a.

0.0

1502.0

    b.

0.0

1503.0

    c.

0.0

1504.0

    d.

0.0

1505.0

    e.

0.0

TOTAL ALL OTHER. . . . . . . . . . .

0.0

SECTION B. SUMMARY OF AMOUNTS AND SOURCES OF FINANCING

 1. GRAND TOTAL - ALL COSTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

0.0

 2. FUNDS AND MATERIALS AVAILABLE FOR FACILITIES

   a.  Loan Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

0.0

   b.  Materials and Special Equipment  . . . . . . . . . . . . . . . . . . . . . . . . .

0.0

   c.  General Funds . . . . . . . . . . . . . . . 

Purpose 1

0.0

Purpose 2

0.0

Purpose 3

0.0

Purpose 4

0.0

Total General Funds Applied . . . . . . . . . . . . . . . . . . . . . . . . . . .  

0.0

   d.  Total Available Funds and Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

0.0

 3. NEW FINANCING REQUESTED FOR FACILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . .

0.0

 4. RUS LOAN REQUESTED FOR FACILITIES. . . . . . . . . . . . . . . . . . . . . . . . . .

 . . . . . . . . . . . . . . . .

0.7

0.0

 5. TOTAL SUPPLEMENTAL LOAN REQUESTED . . .  . . . . . . . . . . . . . . . . . .

 . . . . . . . . . . . . . . . .

0.0

National Rural Utilities Cooperative Finance Corporation

Name of Supplemental Lender

 6. CAPITAL TERM CERTIFICATE PURCHASES (CFC Loan only) . . . . . . . . . . . .

0.0

0.0

 7. SUPPLEMENTAL LOAN REQUESTED FOR FACILITIES. . . . . . . . . . . . . . . . . . . . . . . . . 

0.30000000000000004

0.0

 8. 100% SUPPLEMENTAL LOANS

(SEE RUS Bulletin 20-40,Att. C)*

0.0

* Identify in section A by budget purpose and separate subtotals.

SECTION C.   CERTIFICATION

   We, the undersigned, certify that:

    1. Upon completion of the electrical facilities contained herein and any others uncompleted at this time but for which

       financing is available, the system will be capable of adequately and dependably serving the projected load for the

       loan period as contained in our current RUS approved Power Requirement Study and Construction Work Plan.

    2. Negotiations have been or will be initiated with our power supplier, where necessary, to obtain new delivery points

       and/or additional capacity at existing ones to adequately supply the projected load upon which this loan application

       is based.

    3. The data contained herein and all supporting documents have, to the best of my knowledge, been prepared correctly 

       and in accordance with RUS Bulletin 20-2.

 Date

Signature of Borrower's Manager

 Date

Signature of Borrower's President

Insert the name of the cooperative

Corporate Name of Borrower

GFR Initials

RUS   Form

740c

(Computer generated form - modified)  (version 5, 6/97)

PAGE 4 OF 4 PAGES

Attachment to 740c

(insert on Sheet 1, Cell I10)

STATEMENT

Statement certifying that at least 90% of the Loan funds are for facilities with a useful life of 

33 years or longer as required by 7 CFR 1710.115.

To facilitate the determination of the final maturity for this RUS Loan,

XYZ Cooperative, Inc.

does hereby certify that:

At least 90% of the Loan funds requested as part of this loan application 

and included on the RUS Form 740c (Cost Estimates and Loan Budget  

for Electric Borrowers) are for facilities with an anticipated useful life

 of 33 years or longer.

Less than 90% of the  Loan funds requested as part of this loan application

and included on the RUS Form 740c (Cost Estimates and Loan Budget  

for Electric Borrowers) are for facilities with an anticipated useful life of 33 

years or longer.  A schedule has been attached to this statement listing the  

facilities with an anticipated useful life of less than 33 years, the anticipated 

useful life of those facilities and the associated cost estimates (see attached).

Date

Title:

   INSTRUCTIONS FOR PREPARATION OF RUS FORM 740c

(See 7 CFR 1710, Subpart I, for Additional Information)

If additional space is required for any item, attach continuation sheets as needed.

Prepare an original and one copy of this form for submission to RUS as part of the loan application.

Insert the borrower and loan designation, the date used for preparation of cost estimates, and the number

of years the application is to cover.

SECTION A.  COST ESTIMATES

The borrower should insert cost estimates only in the column titled "Borrower's Cost Estimates."  RUS will

complete the column headed "RUS Use Only" when the borrower's cost estimate varies from RUS's. 

Estimates should be obtained from a current construction Work Plan which is in agreement with an approved

long-range engineering study.

All estimates shown hereon should include material, labor and overhead costs, less any contributions in

aid of construction (i.e., NET COST).

Where reimbursement of general funds for completed construction is requested, insert the amount under the

appropriate budget purpose.  On a separate sheet, itemize and describe the general fund expenditures to

be reimbursed, showing applicable budget purpose and amount per item.

1.

DISTRIBUTION:

a.

NEW LINE:

Insert number of consumers, number of miles, and total estimated cost including R/W clearing.

(Estimates for underground and overhead construction should be shown separately.)  Do not duplicate

costs shown separately in items 1.f. and 1.g.  Indicate the number of total new consumers to be

served and total of new miles to be constructed.  (Miles of secondary, services and underbuild

should be included in the pole line miles shown.)

b.

NEW TIE-LINES:

Show location by map reference and substation designation, line voltage (kV), conductor size and

phasing, miles and estimated cost of each new tie-line.  Also show whether the construction is

overhead or underground.  If there is insufficient space to itemize each tie-line, insert the

total miles and estimated cost and give a description of each tie-line on an attached sheet.

c.

CONVERSION AND LINE CHANGES:

Show location by map reference and substation designation, indicate old and new conductor size and

phasing, miles, and estimated cost.  Also show whether the construction is overhead or under-

ground.  If there is insufficient space to itemize each conversion and line change, insert the

total estimated cost and give a detailed description of each conversion and line change on an

attached sheet.

d.

NEW SUBSTATIONS, SWITCHING STATIONS, METERING POINTS, ETC.:

For each new station, insert the station designation shown in the Construction Work Plan, the kVA

rating, high and low side voltage classification, and estimated cost.  (If procurement of station

sites is to be financed with loan funds, the cost should be included in the estimate for the

station.)

e.

SUBSTATION, SWITCHING STATION AND METERING POINT CHANGES:

Identify each station by the designation shown in the Construction Work Plan and describe the

changes to be made and the estimated cost.

f.

MISCELLANEOUS DISTRIBUTION EQUIPMENT:

(1)

Show the number and the total estimated installed cost of all transformers and meters used

to serve new and existing consumers in this loan.  Furnish separate estimates for under-

ground and overhead construction.

(2)

Insert the number of sets of service wires and estimated cost in this loan application to

increase the capacity of existing consumers.

(3) - (5)

Insert the estimated cost of new sectionalizing equipment, line voltage regulators and

capacitors.

(6)

Insert the net cost of ordinary replacements (installed cost of new facility less original

cost of facility being replaced).

(7) - (10)

Use these lines to show the estimated cost of other distribution equipment not listed above.

g.

OTHER DISTRIBUTION ITEMS:

(1)

Insert estimated cost of engineering fees (include details in the Construction Work Plan).

Only those engineering costs associated with distribution facilities and not included in the

cost estimates for items 1.a. through 1.f. should be included (i.e., long-range plans,

sectionalizing studies, etc.).

(2)

Insert the estimated cost of security lights.

(3) and (4)

Use these lines to show purpose, type, and estimated cost of other distribution items not

listed above.

TOTAL DISTRIBUTION:  Enter the sum of subtotals 1.a. through 1.g. above.

2.

TRANSMISSION:

a.

NEW LINE:

For each new line, insert the line designation (i.e., Westover to Shady Grove) as shown in the

Construction Work Plan, line voltage (kV), wire size, miles, and total estimated cost including

R/W clearing.

b.

NEW SUBSTATIONS, SWITCHING STATIONS, ETC.:

For each new station, insert the station designation as shown in the Construction Work Plan, kVA

rating, high and low side voltage classification, and estimated cost.  (New stations under this

item should not be mistaken for new stations under Item 1 - Distribution.  Any station not used

for distribution purposes shall be considered a transmission station, except for the generating

plant step-up substation which should be shown under Item 3.)  If procurement of station sites

is to be financed with loan funds, this cost should be included in the estimate for the station.

c.

LINE AND STATION CHANGES:

For each conversion or line change, insert the line or station designation as shown in the

Construction Work Plan, a description of changes, and the total estimated cost.

d.

OTHER TRANSMISSION ITEMS:

(1)

Insert all cost anticipated for the purchase, and/or procurement of transmission line right-

of-way except attorney fees and clearing, which should be shown under Items 6 and 2.a.,

respectively.

(2)

Insert the estimated cost of engineering fees (including details in the Construction Work

Plan).  Only those engineering costs associated with transmission projects, and not already

included in the line and station cost estimates of item 2.a., b. and c., should be shown

(i.e., environmental reports, system studies, etc.).

(3) - (6)

Use these lines to show purpose, type, and estimated cost of transmission items not listed

above (i.e., transmission-related communications or control equipment, etc.).

TOTAL TRANSMISSION:  Enter the sum of subtotals 2.a through 2.d. above.

3.

GENERATION (Including step-up station at plant):

a.

Insert the kind of fuel to be used in the plant, the nameplate rating (kW), and the total esti-

mated cost.  (A detailed breakdown of each proposed generation project should be attached to

this form, indicating the various items for which financing is requested.  This breakdown should

be in the form of, or supported by, an engineer's report.)

b.

Use this line to show the estimated cost of generating facilities not included above.

TOTAL GENERATION:  Enter the sum of items 3.a. and 3.b. above.

4.

HEADQUARTERS FACILITIES

a.

NEW OR ADDITIONAL FACILITIES:

Insert total estimated cost.  Complete and attach an original and one copy of RUS Form 740g for

each project.  (See instructions on reverse of RUS form 740g.)

b.

Use this line to show the estimated cost of headquarters facilities not included above.

TOTAL HEADQUARTERS FACILITIES:  Enter the total of items 4.a. and 4.b. above.

5.

ACQUISITIONS:

a.

Insert the number of consumers, miles or line to be acquired, and the total cost of the proposed

acquisition.  On a separate sheet, itemize: (1) the approximate purchase price of the acquisition;

(Give breakdown and apportioned purchase price of distribution, transmission and/or generating

plant facilities.) (2) a description and estimated costs of rehabilitation and integration;

(3) Engineering fees.

b.

Use this line to show the kinds and estimated cost of facilities to be acquired not included

above.

TOTAL ACQUISITIONS:  Enter the total of items 5.a. and 5.b. above.

6.

ALL OTHER:

a. - e.

These lines are to be used for costs not listed above, such as legal fees, general plant equip-

ment, etc.  (Funds for general plant equipment generally will only be approved in initial loans.)

All requests for funds under this budget purpose should be accompanied by a breakdown and

justification for the requested funds.

TOTAL ALL OTHER:  Enter the sum of items 6.a. through 6.d. above.

SECTION B.  SUMMARY OF AMOUNTS AND SOURCES OF FINANCING

Note: Items 1 and 3 below may require adjustment before entering in final form (see "ADJUSTMENT" below).

  All other items may be entered in final form.

1.

GRAND TOTAL - ALL COSTS:

Insert the total of Budget Purposes 1 through 6 above.

2.

FUNDS AND MATERIALS AVAILABLE FOR FACILITIES:

a.

LOAN FUNDS:

Insert the total amount of funds available from prior loans, as of the "Cut-Off" date, which are

not required for original loan purposes.  Attach RUS Form 602 and an explanation if necessary.

b.

MATERIALS AND SPECIAL EQUIPMENT:

Insert the dollar value of materials and special equipment on hand which will be used for the

proposed construction.  Attach information identifying, by budget purpose, the kinds of materials

or special equipment being applied to this loan and their dollar value.  Do not include materials

and special equipment needed for normal operation of the system.

c.

GENERAL FUNDS:

Insert the total amount of general funds available for construction of the facilities listed

(i.e., general funds now available plus general funds to become available during the loan period.)

For existing general funds, attach a statement indicating the need for any adjusted general funds

in excess of RUS guidelines (see RUS Bulletin 1-7) which will not be used for the proposed

construction (attach RUS Form 740a).

d.

TOTAL AVAILABLE FUNDS FOR FACILITIES:

Insert the total of Items 2.a., b. and c. of this section and enter as Item 2.d.

3.

NEW FINANCING REQUESTED FOR FACILITIES:

Subtract Item 2.d. from Item 1 and enter as Item 3.

4.

RUS LOAN REQUESTED FOR FACILITIES:

Insert the percentage of plant financing to be obtained from RUS (see 7 CFR 1710.110).  Multiply

Item 3 by the decimal equivalent of this percentage; round to the nearest thousand and enter as 

Item 4.

5.

TOTAL SUPPLEMENTAL LOAN REQUESTED:

Insert the percentage of plant financing to be obtained from a supplemental lender and the lender's

corporate name.  Multiply Item 3 by the decimal equivalent of this percentage and round to the

nearest thousand.

Note:

Where CFC is the supplemental lender, the result of the above calculation should be divided

by 0.95 before rounding to the nearest thousand.

6.

CAPITAL TERM CERTIFICATE PURCHASES (CFC LOANS ONLY):

Multiply Item 5 by 0.05 and enter as Item 6.  For loans made by supplemental lenders other than CFC,

enter zero.

7.

SUPPLEMENTAL LOAN REQUESTED FOR FACILITIES:

Subtract Item 6 from Item 5 and enter as Item 7.

ADJUSTMENT:

 After the above calculations have been completed, adjust Item 3 such that it equals Item 4

 plus Item 7.  Next adjust Item 1 and a cost estimate in Section A such that Item 2 plus

 Item 3 equals Item 1.

SECTION C.  CERTIFICATION

Manager and board president must sign and date form (original and one copy).  Insert borrower's corporate

name.