Not known Factual Statements About 2423 loan
Not known Factual Statements About 2423 loan
Blog Article
(two) Amount of money Loan guarantees from the Secretary shall not exceed an amount equivalent to 90 percent of the cost of the venture that is the issue on the loan ensure, as approximated at the time at which the loan guarantee is issued.
(F) whether the challenge applies a regional or watershed point of view and encourages Positive aspects within the location by which the job is carried out;
An obligation shall bear desire at a charge that does not exceed a amount which the Secretary decides to become appropriate, taking into account the prevailing rate of desire from the personal sector for comparable loans and risks.
Practically nothing in this subchapter requires a feasibility study for, or imposes another supplemental specifications with regard to, rural h2o provide jobs or applications which might be authorized ahead of December 22, 2006.
The Secretary, in cooperation with non-Federal task entities and according to this subchapter, may possibly perform a rural h2o offer method in Reclamation States to—
(7) advancements which might be made to coordinate and integrate the authorities from the organizations with programs evaluated below paragraph (four), including any recommendations to consolidate some or all the functions of the companies with respect to rural h2o source.
An obligation shall be subject to your problem which the obligation isn't subordinate to other funding.
(III) an evaluation of the financial capability of each and every non-Federal entity taking part in The agricultural drinking water provide venture to pay the allotted yearly operation, maintenance, and replacement prices for The agricultural drinking water provide venture;
To minimize the cost of a rural h2o offer undertaking to some non-Federal venture entity, the Secretary shall include in the standards techniques to scale the level of effort desired to finish the appraisal investigation relative to the entire size and price in the proposed rural water offer undertaking.
There are actually approved to become appropriated this sort of sums as are required to carry out this subchapter, to remain accessible until eventually expended.
The Secretary as well as the Comptroller Basic of the United States, or their duly licensed representatives, shall have access, for the goal of audit, to your information along with other pertinent documents.
(ii) in reference to which There exists a repayment or h2o support deal executed by the United States underneath Federal reclamation law; or
Matter to The provision of click here appropriations, the Secretary may possibly make accessible to lenders for the project Assembly the eligibility conditions set up in part 2422 of the title loan guarantees to health supplement private-sector or lender financing for that project.
(15) in the situation of the undertaking meant for Indian tribes and tribal corporations, the extent to which the project addresses the intention of financial self-sufficiency.