7 CFR §1780.41
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)The processing office will submit the following to the approval official:
- (1)Form RD 1942-45, “Project Summary”;
- (2)Form RD 442-7, “Operating Budget”;
- (3)Form RD 442-3, “Balance Sheet” or a financial statement or audit that includes a balance sheet;
- (4)Form RD 442-14, “Association Project Fund Analysis”;
- (5)“Letter of Conditions”;
- (6)Form RD 1942-46, “Letter of Intent to Meet Conditions”;
- (7)Form RD 1940-1, “Request for Obligation of Funds”;
- (8)Completed environmental review documents including copies of public notices and appropriate proof of publication, if applicable; and
- (9)Grant determination, if applicable.
- (b)Approval and applicant notification will be accomplished by mailing to the applicant on the obligation date a copy of Form RD 1940-1. The date the applicant is notified is also the date the interest rate at loan approval is established.