Practically nothing Within this subchapter supersedes or amends any Federal law associated with a undertaking, or simply a part of a task, created beneath the reclamation rules.
Loan assures with the Secretary shall not exceed an amount of money equivalent to 90 per cent of the cost of the task that is the subject matter of the loan guarantee, as approximated at the time at which the loan ensure is issued.
(i) incidental noncommercial livestock watering and noncommercial irrigation of vegetation and tiny gardens of below 1 acre; and
The total religion and credit of the United States is pledged into the payment of all assures issued beneath this segment with regard to principal and desire.
(two) the administration of any loan certain underneath this subchapter before the productive day on the termination of authority.
The phrase "Application" suggests the rural drinking water supply software performed underneath section 2402 of this title.
Topic to the availability of appropriations, the Secretary may perhaps make available to lenders to get a undertaking meeting the eligibility requirements established in part 2422 of this title loan assures to nutritional supplement non-public-sector or lender funding to the challenge.
(B) if a reproduction challenge is being performed, establish the authority below which the duplicate project is currently being completed; click here and
The phrase "building" suggests the installation of infrastructure and also the upgrading of present services in locations during which the infrastructure or facilities are connected to The brand new infrastructure of a rural h2o task proposed by the Secretary pursuant to this subchapter.
The time period "rural water supply venture" indicates a project which is designed to provide a Neighborhood or team of communities, Just about every of which has a inhabitants of not in excess of 50,000 inhabitants, which may contain Indian tribes and tribal organizations, dispersed homesites, or rural areas with domestic, industrial, municipal, and residential h2o.
The Secretary as well as the Comptroller Common of America, or their duly approved Reps, shall have access, for the purpose of audit, to the documents as well as other pertinent paperwork.
Any prepayment or refinancing conditions on a loan assure shall be negotiated in between the non-Federal borrower as well as lender While using the consent in the Secretary.
The Secretary as well as the Comptroller General of The usa, or their duly authorized Reps, shall have entry, for the purpose of audit, on the information and other pertinent paperwork.
Loan ensures beneath this section for a challenge shall be on such terms and conditions and comprise these types of covenants, representations, warranties, and requirements as being the Secretary determines to get suitable to shield the economic passions of the United States.