(3) oversee, as appropriate, the construction of rural h2o source projects in Reclamation States that happen to be advised via the Secretary in a very feasibility report designed pursuant to part 2405 of the title and subsequently approved by Congress.
Loan ensures via the Secretary shall not exceed an amount equal to ninety percent of the price of the challenge that is the matter in the loan assurance, as approximated at the time at which the loan assurance is issued.
Any action performed less than this subchapter shall be carried out in cooperation having a qualifying non-Federal undertaking entity, in step with this subchapter.
Any prepayment or refinancing conditions over a loan ensure shall be negotiated in between the non-Federal borrower and also the lender While using the consent in the Secretary.
In case the Secretary tends to make a payment below subsection (a), the Secretary shall be subrogated for the rights of your receiver from the payment as specified in the loan ensure or linked agreements, which includes, as correct, the authority (notwithstanding almost every other provision of regulation) to—
When the Secretary will make a payment less than subsection (a), the Secretary shall be subrogated towards the rights with the receiver from the payment as specified in the loan promise or relevant agreements, together with, as acceptable, the authority (notwithstanding any other provision of law) to—
(5) modern opportunities for drinking water conservation while in the review place to lessen h2o use and drinking water program costs, which includes—
In any scenario where a contract more info is entered into with, or even a grant is made, to one an organization to carry out providers benefitting over 1 Indian tribe under this subchapter, the approval of every this kind of Indian tribe shall become a prerequisite to entering into the agreement or earning the grant.
The Secretary may possibly enhance the Federal share of The prices of the feasibility review If your Secretary establishes, determined by an indication of monetary hardship, which the non-Federal participant is not able to lead at the very least 50 p.c of The prices of the research.
With regard to any obligation confirmed underneath this part, the Secretary may well enter right into a deal to pay for, and pay back, holders from the obligation, for and on behalf on the non-Federal borrower, from money appropriated for that function, the principal and desire payments that grow to be because of and payable within the unpaid harmony in the obligation Should the Secretary finds that—
In conducting a feasibility study of the rural water supply procedure that includes a Neighborhood with a inhabitants in excessive of 50,000 inhabitants, the Secretary could have to have the non-Federal job entity to pay in excess of 50 % of The prices in the study.
The non-Federal share underneath paragraph (1) might be in the shape of any in-sort providers which the Secretary determines would lead substantially toward the conduct and completion with the research.
A recipient of the loan promise shall preserve such records as well as other pertinent files because the Secretary shall prescribe by regulation, like this sort of records given that the Secretary may possibly need to aid a good audit.
Any prepayment or refinancing terms over a loan assure shall be negotiated among the non-Federal borrower as well as the lender While using the consent of your Secretary.