1. LawStack
  2. Title 7 - Agriculture
  3. Subtitle B - REGULATIONS OF THE DEPARTMENT OF AGRICULTURE
  4. Chapter XVIII - RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, RURAL UTILITIES SERVICE, AND FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
  5. Subchapter H - PROGRAM REGULATIONS
  6. Part 1942 - ASSOCIATIONS
  7. Subpart C - Fire and Rescue and Other Small Community Facilities Projects
  8. 7 CFR § 1942.122
7 CFR § 1942.122
Actions prior to loan closing and start of construction
July 6, 2020
CFR

(a) Excess Agency loan funds. Loans under this subpart are subject to the provisions of §1942.17 (n)(1) of subpart A of this part 1942.

(b) Loan resolutions. Loans under this subpart are subject to the provisions of §1942.17 (n)(2) of subpart A of this part 1942.

(c) Interim financing. Loans under this subpart are subject to the provisions of §1942.17 (n)(3) of subpart A of this part 1942.

(d) Applicant contribution. Loans under this subpart are subject to the provisions of §1942.17 (n)(5) of subpart A of this part 1942 this chapter.

(e) Evidence of and disbursement of other funds. Loans under this subpart are subject to the provisions of §1942.17 (n)(6) of subpart A of this part 1942.

(f) Assurance agreement. All applicants must execute Form RD 400-4, “Assurance Agreement,” at or before loan closing.

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§ 1942.150 OMB control number
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§ 1942.123 Loan closing

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