(two) the administration of any loan confirmed under this subchapter prior to the productive day with the termination of authority.
(i) which is authorized by Federal reclamation regulation and manufactured by The usa beneath this kind of law; or
The term "operations, servicing, and alternative expenditures" means all expenses for your operation of a rural h2o source project which can be necessary for the Secure, effective, and continued functioning of your challenge to provide the benefits explained in a very feasibility review.
(two) the quantity of the payment that the Secretary is licensed to pay for shall be no increased than the amount of principal and desire the non-Federal borrower is obligated to pay beneath the agreement remaining assured; and
The Secretary, in cooperation with non-Federal task entities and in line with this subchapter, may perhaps carry out a rural drinking water supply program in Reclamation States to—
The phrase "Plan" means The agricultural water source system carried out underneath segment 2402 of the title.
(i) repairs of the routine character that preserve a rural h2o provide job in the effectively kept problem;
All click here new projects or amenities built in accordance using this type of subchapter shall stay underneath the jurisdiction and Charge of the non-Federal borrower topic to the conditions on the repayment agreement.
The Secretary may waive any of the standards in subsection (a)(two) the Secretary determines for being duplicative or rendered pointless on account of an action presently taken by the United States.
The Secretary as well as Secretary of Agriculture shall enter into a memorandum of arrangement providing for Department of Agriculture fiscal appraisal capabilities and loan assure administration for pursuits performed less than this subchapter.
The time period "loan assure" has the that means offered the expression "loan warranty" in section 661a of title 2.
(5) Nonsubordination An obligation shall be matter into the situation the obligation is not really subordinate to other financing.
The Secretary plus the Secretary of Agriculture shall enter right into a memorandum of agreement giving for Department of Agriculture economic appraisal capabilities and loan guarantee administration for routines completed less than this subchapter.
The Secretary shall adjust to State h2o rules in carrying out this subchapter. Nothing During this subchapter impacts or preempts Point out drinking water regulation or an interstate compact governing drinking water.