About 2423 loan
About 2423 loan
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(a) Authority Topic to The provision of appropriations, the Secretary may perhaps make accessible to lenders for any undertaking Conference the eligibility standards set up in section 2422 of this title loan guarantees to dietary supplement non-public-sector or lender funding for the undertaking.
(F) whether or not the undertaking applies a regional or watershed standpoint and promotes Gains while in the region through which the venture is completed;
Any prepayment or refinancing conditions with a loan assure shall be negotiated amongst the non-Federal borrower as well as lender Using the consent in the Secretary.
Nothing at all In this particular subchapter demands a feasibility review for, or imposes almost every other additional specifications with respect to, rural h2o source jobs or systems which can be licensed right before December 22, 2006.
(a) Authority Subject to The supply of appropriations, the Secretary might make available to lenders for any job meeting the eligibility conditions recognized in section 2422 of the title loan assures to health supplement non-public-sector or lender funding with the task.
The term "Application" suggests the rural h2o provide program completed below section 2402 of this title.
(i) repairs of the regimen nature that retain a rural drinking water offer venture in a very properly kept problem;
The non-Federal share beneath subparagraph (A) may be in the shape of any in-kind services which the Secretary establishes would lead considerably toward the carry out and completion on the appraisal investigation.
The Secretary shall coordinate the Program performed below this subchapter with existing Federal and Condition rural water and wastewater programs to aid quite possibly the most efficient and powerful Answer to Conference the drinking water needs of the non-Federal venture sponsors.
Nothing On this subsection precludes any forbearance from the holder of the obligation for the advantage of the non-Federal borrower That could be agreed on by the events towards the obligation and approved because of the Secretary.
The time period "loan assure" has the indicating specified the phrase "loan promise" in portion 661a of title two.
(five) Nonsubordination An obligation shall be subject for the ailment that the obligation just isn't subordinate to other funding.
The Secretary and the Secretary of Agriculture shall enter into a memorandum of settlement giving for Section of Agriculture economic appraisal functions and loan ensure administration for actions completed underneath this 2423 loan subchapter.
With respect to any obligation assured below this area, the Secretary may possibly enter into a contract to pay, and spend, holders from the obligation, for and on behalf from the non-Federal borrower, from funds appropriated for that objective, the principal and interest payments that turn out to be due and payable on the unpaid equilibrium of your obligation Should the Secretary finds that—