About 2423 loan
About 2423 loan
Blog Article
(three) oversee, as correct, the development of rural drinking water source tasks in Reclamation States which can be proposed by the Secretary within a feasibility report designed pursuant to portion 2405 of this title and subsequently authorized by Congress.
(A) think about the financial ability of any non-Federal undertaking entities participating in The agricultural drinking water source task to pay 25 per cent or even more of the funds building expenditures of The agricultural h2o provide job; and
Practically nothing On this subsection precludes any forbearance with the holder of your obligation for the good thing about the non-Federal borrower Which may be agreed on from the parties for the obligation and accredited by the Secretary.
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The legal rights of the Secretary, with respect to any property obtained pursuant into a loan assure or related agreement, shall be superior for the rights of every other man or woman with regard into the home.
(seven) enhancements that could be produced to coordinate and combine the authorities with the organizations with systems evaluated beneath paragraph (4), which include any suggestions to consolidate some or every one of the things to do on the organizations with regard to rural h2o provide.
After the Secretary has identified that an investigation supplies the knowledge necessary beneath subsection (e), the Secretary shall—
(B) if a get more info reproduction undertaking is getting carried out, recognize the authority below which the copy challenge is becoming completed; and
The Secretary shall coordinate the Program performed below this subchapter with existing Federal and State rural h2o and wastewater programs to aid the most effective and productive Option to Conference the drinking water needs of your non-Federal challenge sponsors.
With respect to any obligation certain under this area, the Secretary could enter into a contract to pay for, and spend, holders on the obligation, for and on behalf of your non-Federal borrower, from cash appropriated for that purpose, the principal and desire payments that turn out to be due and payable to the unpaid equilibrium from the obligation In the event the Secretary finds that—
In conducting a feasibility study of a rural h2o supply process that features a Neighborhood by using a populace in surplus of fifty,000 inhabitants, the Secretary may possibly need the non-Federal venture entity to pay for over fifty percent of the costs with the review.
The non-Federal share under paragraph (one) could be in the shape of any in-variety companies that the Secretary establishes would lead considerably towards the carry out and completion from the study.
(two) The existing plan (which include projected financial and workforce specifications) for the completion in the initiatives determined in paragraph (1) inside the time frames proven under the provisions of regulation authorizing the jobs or the ultimate engineering stories for that initiatives;
With respect to any obligation assured beneath this area, the Secretary could enter into a agreement to pay for, and spend, holders of the obligation, for and on behalf on the non-Federal borrower, from resources appropriated for that objective, the principal and interest payments that grow to be owing and payable about the unpaid equilibrium on the obligation If your Secretary finds that—