CFR > Title 7 - Agriculture > SUBTITLE B—Regulations of the Department of Agriculture > CHAPTER XVII—RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE (parts 1700 to 1794) > PART 1767—ACCOUNTING REQUIREMENTS FOR RUS ELECTRIC BORROWERS > SUBPART B—Uniform System of Accounts (§1767.10 to §1767.42-1767.45) > 1767.12—Accounting system requirements.

1767.12—Accounting system requirements.

(a) Each Rural Development electric borrower must maintain and keep its books of accounts and all other books and records that support the entries in such books of accounts in accordance with §§ 1767.13-1767.31.
(b) Each RUS electric borrower shall maintain and keep its books of accounts and all other books and records which support the entries in such books of accounts in accordance with § 1767.41, Accounting Methods and Procedures Required of All RUS Borrowers, herein, which prescribes accounting principles to be applied to specific factual circumstances.

Code of Federal Regulations

[58 FR 59825, Nov. 10, 1993, as amended at 73 FR 30280, May 27, 2008]