7 CFR §1753.29
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)The borrower must obtain RUS approval of the force account method of construction of buildings in advance in order to obtain RUS financing.
- (b)The borrower shall prepare the P&S in accordance with § 1753.26.
- (c)Prior to any construction activity or the purchase of materials or equipment, the borrower shall submit the FAP in duplicate to RUS, accompanied by a resolution indicating approval of the board of directors of the borrower or a letter signed by an authorized corporate official. The proposal shall include:
- (1)A Copy of the P&S.
- (2)An itemized list of all items of materials required for construction.
- (3)A construction schedule showing the estimated construction period for each major construction item.
- (4)An estimate of the material and labor and other costs for any construction item not provided for in the approved loan.
- (d)Force Account construction to be financed with loan funds shall not be started until RUS approval has been received by the borrower.