Kentucky Public Service Commission

Grayson R.E.C.C.

IN THE MATTER OF THE APPLICATION OF GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION FOR AN ORDER AUTHORIZING SAID CORPORATION TO BORROW $1,050,000 FROM THE UNITED STATES OF AMERICA AND TO BORROW $463,918 FROM THE NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION AND TO EXECUTE NOTES TO THE GOVERNMENT OF THE UNITED STATES OF AMERICA, AND TO THE NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION IN THE AFORESAID SUMS OF $1,050,000 AND $463,918 TO PROVIDE FUNDS FOR THE CINSTRUCTION OF DISTRIBUTION AND SERVICE LINES, MISCELLANEOUS CONSTRUCITON INCLUDING TRANSFORMERS, SYSTEM IMPROVEMENTS, LABOR, MEMBER SERVICE AND OTHER EXPENSES AND CONTINGENCIES