2423 loan Secrets
2423 loan Secrets
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(3) oversee, as correct, the construction of rural drinking water source projects in Reclamation States which might be advisable because of the Secretary in a feasibility report made pursuant to segment 2405 of the title and subsequently licensed by Congress.
By this sort of date as may very well be specified in the loan assure or related agreements, the Secretary shall spend for the holder from the loan ensure the unpaid interest on, and unpaid principal of, the obligation with regard to which the borrower has defaulted, unless the Secretary finds that there wasn't default with the borrower inside the payment of desire or principal or which the default continues to be remedied.
The phrase "functions, upkeep, and alternative expenses" implies all costs for the operation of the rural h2o source job that happen to be essential for the Risk-free, successful, and ongoing performing of the venture to generate the advantages described in a very feasibility research.
もちもちのナンのような、ふんわりとしたパンのような、しっとりパンケーキのような、ユニークな食感に誰もが驚く。最後までおいしいピッツァは、病みつき必至
The rights of your Secretary, with respect to any property acquired pursuant to the loan warranty or similar agreement, shall be outstanding into the rights of another human being with regard on the assets.
If your Secretary can make a payment under subsection (a), the Secretary shall be subrogated into the rights in the recipient of the payment as specified in the loan assure or related agreements, together with, as suitable, the authority (notwithstanding almost every other provision of legislation) to—
All new projects or facilities manufactured in accordance with this particular subchapter shall continue to be under the jurisdiction and control of the non-Federal borrower issue on the phrases with the repayment arrangement.
The non-Federal share under subparagraph (A) may be in the shape of any in-sort expert services which the Secretary determines would contribute substantially towards the carry out and completion on the appraisal investigation.
Loan guarantees get more info via the Secretary shall not exceed an total equal to ninety % of the price of the venture that is the subject matter with the loan assurance, as believed at some time at which the loan ensure is issued.
A recipient of the loan promise shall hold this sort of documents together with other pertinent paperwork as being the Secretary shall prescribe by regulation, which include this kind of information because the Secretary may well involve to aid an efficient audit.
Loan ensures under this section for the undertaking shall be on these kinds of terms and conditions and incorporate these types of covenants, representations, warranties, and necessities given that the Secretary establishes being acceptable to protect the economic interests of America.
Any prepayment or refinancing terms on the loan assurance shall be negotiated in between the non-Federal borrower and the lender Together with the consent from the Secretary.
The Secretary as well as Comptroller Standard of America, or their duly authorized representatives, shall have obtain, for the purpose of audit, on the documents together with other pertinent files.
Loan ensures by the Secretary shall not exceed an volume equal to ninety percent of the expense of the task that is the subject matter on the loan guarantee, as estimated at time at which the loan promise is issued.