The 2-Minute Rule for 2423 loan
The 2-Minute Rule for 2423 loan
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(two) the administration of any loan certain under this subchapter before the successful date from the termination of authority.
(A) evaluate the financial capability of any non-Federal task entities taking part in The agricultural drinking water offer project to pay twenty five p.c or maybe more of the funds development charges of The agricultural h2o offer project; and
(6) the extent to which the task and choices benefit from financial incentives and the usage of sector-primarily based mechanisms;
Any prepayment or refinancing terms on a loan promise shall be negotiated between the non-Federal borrower plus the lender Together with the consent from the Secretary.
(2) the administration of any loan assured below this subchapter prior to the productive day of your termination of authority.
An obligation shall be matter to your situation that the obligation just isn't subordinate to other financing.
(5) innovative options for drinking water conservation inside the research space to scale back h2o use and drinking water system fees, including—
In any case through which a agreement is entered into with, or perhaps a grant is manufactured, to 1 an organization to perform products and services benefitting more than 1 Indian tribe less than this subchapter, the acceptance of each these kinds of Indian tribe shall certainly be a prerequisite to getting into in to the contract or generating the grant.
A loan assurance below this section shall give for comprehensive amortization in the loan assure within not a lot more than forty several years.
The term "rural drinking water provide challenge" suggests a undertaking that is definitely designed to provide a Local community or group of communities, each of which has a population of not much more than 50,000 inhabitants, which may include things like Indian tribes get more info and tribal organizations, dispersed homesites, or rural places with domestic, industrial, municipal, and household drinking water.
The Secretary shall consult with with the Secretary of Agriculture before promulgating standards with regard to economic appraisal features and loan assurance administration for activities completed beneath this subchapter.
(i) that may be authorized by Federal reclamation legislation and manufactured by The usa below these kinds of regulation; or
(A) be sure that the proposed rural drinking water provide task isn't going to copy a undertaking performed underneath the authority in the company head; and
(fifteen) in the situation of a task intended for Indian tribes and tribal corporations, the extent to which the job addresses the objective of economic self-sufficiency.