Rural Development

REA Telephone Borrowers' Cash Holdings and Rural Development Investments Gao ID: T-RCED-92-65 May 20, 1992

This testimony examines the investments and rural development activities of Rural Electrification Administration (REA) borrowers. GAO discusses (1) the reasons why rural telephone companies that hold REA loans (REA telephone borrowers) have large amounts of cash and cash equivalents, such as certificates of deposit; (2) the extent to which REA borrowers are investing in their local rural areas; and (3) the status of REA's implementation of its 1987 and 1990 legislative mandates for rural economic development.



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