(3) oversee, as acceptable, the development of rural water provide tasks in Reclamation States which can be advisable through the Secretary inside of a feasibility report produced pursuant to segment 2405 of this title and subsequently authorized by Congress.
In analyzing the aptitude-to-pay back of Indian tribe task beneficiaries, the Secretary may well take into account deferring the gathering of all or Element of the non-Federal design expenditures apportioned to Indian tribe project beneficiaries Except if or right up until the Secretary decides which the Indian tribe challenge beneficiaries must pay back—
Any exercise completed under this subchapter shall be completed in cooperation that has a qualifying non-Federal task entity, in step with this subchapter.
(2) the amount of the payment which the Secretary is approved to pay for shall be no bigger than the level of principal and interest the non-Federal borrower is obligated to pay beneath the settlement staying certain; and
In case the Secretary can make a payment under subsection (a), the Secretary shall be subrogated into the rights from the recipient in the payment as laid out in the loan guarantee or related agreements, including, as suitable, the authority (notwithstanding another provision of regulation) to—
The phrase "Software" implies The agricultural h2o offer software performed below section 2402 of the title.
Topic to The provision of appropriations, the Secretary might make accessible to lenders to get a venture Conference the eligibility criteria set up in part 2422 of read more this title loan assures to health supplement private-sector or lender funding for that venture.
(III) an evaluation on the monetary functionality of each non-Federal entity taking part in The agricultural h2o provide venture to pay for the allocated annual Procedure, upkeep, and alternative expenditures for The agricultural water source project;
The Secretary shall coordinate This system carried out beneath this subchapter with existing Federal and State rural h2o and wastewater courses to facilitate probably the most productive and efficient Option to Assembly the h2o requirements of your non-Federal project sponsors.
A receiver of a loan warranty shall keep these kinds of information and also other pertinent files given that the Secretary shall prescribe by regulation, like such documents as the Secretary may perhaps require to aid a good audit.
The phrase "loan guarantee" has the meaning presented the expression "loan ensure" in area 661a of title two.
(ii) in connection with which There's a repayment or water assistance deal executed by America under Federal reclamation regulation; or
The Secretary plus the Secretary of Agriculture shall enter into a memorandum of agreement providing for Department of Agriculture economic appraisal functions and loan assurance administration for functions completed underneath this subchapter.
Any prepayment or refinancing phrases on a loan warranty shall be negotiated in between the non-Federal borrower and the lender With all the consent on the Secretary.