---
kind: "section"
citation: "7 C.F.R. § 1780.41"
title: "7"
number: "1780.41"
heading: "Loan or grant approval."
url: "https://uscodex.org/cfr/7/1780.41"
---

# §1780.41. Loan or grant approval.

- (a) The processing office will submit the following to the approval official:
  - (1) Form RD 1942-45, “Project Summary”;
  - (2) Form RD 442-7, “Operating Budget”;
  - (3) Form RD 442-3, “Balance Sheet” or a financial statement or audit that includes a balance sheet;
  - (4) Form RD 442-14, “Association Project Fund Analysis”;
  - (5) “Letter of Conditions”;
  - (6) Form RD 1942-46, “Letter of Intent to Meet Conditions”;
  - (7) Form RD 1940-1, “Request for Obligation of Funds”;
  - (8) Completed environmental review documents including copies of public notices and appropriate proof of publication, if applicable; and
  - (9) **Grant determination, if applicable.**
- (b) Approval and applicant notification will be accomplished by mailing to the applicant on the obligation date a copy of Form RD 1940-1. The date the applicant is notified is also the date the interest rate at loan approval is established.

## Notes

### Amendments

[62 FR 33478, June 19, 1997, as amended at 63 FR 68655, Dec. 11, 1998]

### Authority

Authority: 5 U.S.C. 301; 7 U.S.C. 1989; 16 U.S.C. 1005.

### Source

Source: 62 FR 33478, June 19, 1997, unless otherwise noted.

### Amendments

[62 FR 33478, June 19, 1997, as amended at 63 FR 68655, Dec. 11, 1998]