7 CFR §4284.1053
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The Agency will approve an award once the Applicant has met all the conditions of the award. The approval will be conveyed through the execution of Form RD 4280-2, which is the Financial Assistance Agreement, and provides all terms of the award. Once the award has been approved, the Recipient may begin work on the project and incur costs.