5 Simple Techniques For 2423 loan
5 Simple Techniques For 2423 loan
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(two) the administration of any loan certain below this subchapter before the helpful day of the termination of authority.
(A) look at the financial ability of any non-Federal undertaking entities taking part in The agricultural drinking water supply job to pay twenty five p.c or maybe more in the funds construction charges of The agricultural water supply job; and
Any activity carried out beneath this subchapter shall be performed in cooperation with a qualifying non-Federal undertaking entity, according to this subchapter.
An appraisal investigation performed below subsection (a) shall be scheduled for completion not later than two decades once the date on which the appraisal investigation is initiated.
The legal rights in the Secretary, with regard to any assets acquired pursuant to some loan warranty or connected arrangement, shall be exceptional on the legal rights of another individual with respect to your assets.
A rural water supply undertaking that is set being possible underneath portion 2405 of the title is suitable for just a loan assure below segment 2423 of this title.
All new initiatives or services built in accordance with this particular subchapter shall keep on being under the jurisdiction and Charge of the non-Federal borrower issue towards the terms of the repayment agreement.
On notification, the Lawyer Common shall take these types of action as is acceptable to Get well the unpaid principal and interest owing from—
(four) environmental good quality and supply water safety difficulties relevant to The agricultural water provide undertaking;
A recipient of a loan guarantee shall keep such documents and other pertinent files as being the Secretary shall prescribe by regulation, which include these information because the Secretary might require to aid a good audit.
Almost nothing In this particular subchapter preempts or affects Condition water regulation or an interstate compact governing water.
(ii) in reference to read more which You will find a repayment or drinking water services deal executed by The usa beneath Federal reclamation law; or
(1) investigate and determine possibilities to make sure Risk-free and ample rural drinking water supply tasks for domestic, municipal, and industrial use in tiny communities and rural areas of the Reclamation States;
(fifteen) in the case of the undertaking intended for Indian tribes and tribal corporations, the extent to which the job addresses the purpose of economic self-sufficiency.