2423 loan Options
2423 loan Options
Blog Article
(three) oversee, as acceptable, the construction of rural h2o offer initiatives in Reclamation States that happen to be advisable with the Secretary within a feasibility report developed pursuant to portion 2405 of this title and subsequently authorized by Congress.
(i) that's licensed by Federal reclamation legislation and made by the United States less than these legislation; or
Very little On this subsection precludes any forbearance by the holder on the obligation for the good thing about the non-Federal borrower That could be agreed on because of the parties on the obligation and approved through the Secretary.
If a borrower defaults within the obligation, the holder from the loan assure shall have the proper to demand from customers payment of your unpaid total through the Secretary.
Nothing During this subchapter preempts or influences Condition water regulation or an interstate compact governing drinking water.
A loan promise under this part shall deliver for finish amortization in the loan promise in not a lot more than forty a long time.
The Secretary shall comply with State water rules in carrying out this subchapter. Nothing at all During this subchapter influences or preempts State drinking water legislation or an interstate compact governing drinking water.
(B) if a reproduction challenge is currently being completed, recognize the authority beneath which the replicate task is becoming completed; and
(four) environmental top quality and resource drinking water safety difficulties connected to The agricultural h2o supply venture;
The phrase "rural water source challenge" suggests a task that is certainly built to serve a Local community or team of communities, Just about every of which has a inhabitants of not much more than 50,000 inhabitants, which may consist of Indian tribes and tribal organizations, dispersed homesites, or rural places with domestic, industrial, municipal, and household h2o.
The Secretary and also the Comptroller Normal of America, or their click here duly authorized representatives, shall have entry, for the purpose of audit, to your data as well as other pertinent files.
(ii) in reference to which There's a repayment or drinking water support agreement executed by America less than Federal reclamation law; or
The Secretary and also the Secretary of Agriculture shall enter right into a memorandum of settlement delivering for Division of Agriculture financial appraisal capabilities and loan assure administration for pursuits carried out below this subchapter.
Loan guarantees under this portion for any task shall be on such stipulations and comprise these types of covenants, representations, warranties, and prerequisites since the Secretary determines for being acceptable to protect the fiscal passions of the United States.