The 2-Minute Rule for 2423 loan
The 2-Minute Rule for 2423 loan
Blog Article
The Secretary could waive any of the factors in subsection (a)(2) the Secretary determines to get duplicative or rendered unnecessary on account of an action already taken by the United States.
Starting in fiscal 12 months 2007, and every fiscal yr thereafter as a result of fiscal year 2012, the Secretary shall submit on the Committee on Energy and Normal Means from the Senate along with the Committee on Means of your house of Associates an annual report that describes the quantity and type of total-time equivalent positions during the Department of the Interior and the amount of overhead expenses in the Division of the Interior which can be allocated to carrying out this subchapter for the relevant fiscal calendar year.
Nothing With this subsection precludes any forbearance through the holder of your obligation for the benefit of the non-Federal borrower Which may be agreed on from the functions to the obligation and accredited via the Secretary.
Any prepayment or refinancing phrases on a loan assurance shall be negotiated among the non-Federal borrower and also the lender Together with the consent on the Secretary.
An obligation shall be subject matter on the situation which the obligation just isn't subordinate to other funding.
The expression "System" indicates the rural drinking water offer program completed under segment 2402 of this title.
An obligation shall be subject matter towards the affliction that the obligation is not really subordinate to other financing.
On notification, the Attorney General shall get this kind of action as is acceptable to Recuperate the unpaid principal and interest because of from—
The Secretary may boost the Federal share of the costs of a feasibility examine In case the Secretary decides, depending on a demonstration of economic hardship, that the non-Federal participant is unable to add at the least 50 p.c of The prices of your review.
No amounts produced obtainable underneath this portion shall be used to spend construction expenditures affiliated with any rural h2o source challenge.
Loan ensures beneath this portion for your task shall be on these types of conditions and terms and have these covenants, representations, warranties, and needs as the Secretary more info determines for being suitable to safeguard the monetary interests of America.
(ii) in reference to which There's a repayment or h2o provider agreement executed by the United States underneath Federal reclamation law; or
(2) system the design and development, with the perform of appraisal investigations and feasibility reports, of rural water provide projects in Reclamation States; and
Any prepayment or refinancing conditions over a loan ensure shall be negotiated among the non-Federal borrower and also the lender Using the consent in the Secretary.