2423 loan - An Overview
2423 loan - An Overview
Blog Article
The Secretary could waive any of the criteria in subsection (a)(2) which the Secretary decides to be duplicative or rendered avoidable because of an motion previously taken by America.
(File) if the undertaking applies a regional or watershed viewpoint and promotes Added benefits while in the location through which the challenge is completed;
(i) incidental noncommercial livestock watering and noncommercial irrigation of vegetation and modest gardens of a lot less than 1 acre; and
Any prepayment or refinancing terms on a loan promise shall be negotiated between the non-Federal borrower along with the lender While using the consent in the Secretary.
An obligation shall be topic on the condition which the obligation is just not subordinate to other funding.
A loan ensure less than this section shall deliver for complete amortization in the loan ensure inside of not much more than forty decades.
Once the Secretary has identified that an investigation presents the information essential below subsection (e), the Secretary shall—
The Secretary shall seek advice from Together with the Secretary of Agriculture just before promulgating standards with respect to economical appraisal functions and loan assurance administration for activities carried out less than this subchapter.
A loan warranty below this part shall supply for complete amortization on the loan promise inside of not in excess of forty many years.
An obligation shall be issue to the problem which the obligation isn't subordinate to other funding.
The entire faith and credit rating of The us is pledged to your payment of all assures issued less than this portion with regard to principal and fascination.
(ii) in connection click here with which You will find a repayment or h2o assistance deal executed by America underneath Federal reclamation law; or
An obligation shall be topic towards the ailment which the obligation is just not subordinate to other financing.
(15) in the situation of a job intended for Indian tribes and tribal businesses, the extent to which the undertaking addresses the target of financial self-sufficiency.