7 CFR § 1767.12 - Accounting system requirements.
---
identifier: "/us/cfr/t7/s1767.12"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1767.12 - Accounting system requirements."
title_number: 7
title_name: "Agriculture"
section_number: "1767.12"
section_name: "Accounting system requirements."
chapter_name: "RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "1767"
part_name: "ACCOUNTING REQUIREMENTS FOR RUS ELECTRIC BORROWERS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 901 1921 6941"
regulatory_source: "58 FR 59825, Nov. 10, 1993, unless otherwise noted."
cfr_part: "1767"
---
# 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.
[58 FR 59825, Nov. 10, 1993, as amended at 73 FR 30280, May 27, 2008]