Not known Facts About 2423 loan
Not known Facts About 2423 loan
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Almost nothing On this subchapter supersedes or amends any Federal regulation connected to a venture, or even a percentage of a task, created underneath the reclamation laws.
In figuring out the capability-to-shell out of Indian tribe task beneficiaries, the Secretary may possibly think about deferring the collection of all or part of the non-Federal construction costs apportioned to Indian tribe task beneficiaries unless or until the Secretary determines which the Indian tribe job beneficiaries ought to pay back—
An obligation shall bear fascination at a charge that doesn't exceed a level which the Secretary decides for being correct, taking into account the prevailing charge of curiosity within the non-public sector for comparable loans and dangers.
If a borrower defaults about the obligation, the holder in the loan ensure shall have the proper to demand from customers payment with the unpaid volume from your Secretary.
The legal rights on the Secretary, with respect to any home acquired pursuant to a loan guarantee or relevant arrangement, shall be excellent towards the legal rights of any other man or woman with respect to the residence.
A rural water offer project that is determined for being feasible beneath part 2405 of the title is suitable for just a loan assure below area 2423 of this title.
As soon as the Secretary has established that an investigation provides the knowledge necessary underneath subsection (e), the Secretary shall—
The Secretary shall consult Using the Secretary of Agriculture prior to promulgating conditions with regard to fiscal appraisal features and loan assure administration for activities completed beneath this subchapter.
(four) environmental here top quality and supply drinking water security issues connected with The agricultural h2o source task;
You'll find licensed to get appropriated this kind of sums as are important to perform this subchapter, to stay obtainable until expended.
The Secretary as well as the Comptroller Common of America, or their duly approved representatives, shall have access, for the goal of audit, for the records as well as other pertinent files.
(ii) in connection with which You will find there's repayment or drinking water company contract executed by The usa less than Federal reclamation law; or
(A) make certain that the proposed rural drinking water supply challenge won't duplicate a project completed under the authority with the agency head; and
The Secretary shall adjust to State h2o legislation in carrying out this subchapter. Nothing During this subchapter influences or preempts State drinking water law or an interstate compact governing drinking water.