---
kind: "section"
citation: "7 C.F.R. § 1780.42"
title: "7"
number: "1780.42"
heading: "Transfer of obligations."
url: "https://uscodex.org/cfr/7/1780.42"
---

# §1780.42. Transfer of obligations.


An obligation of funds established for an applicant may be transferred to a different (substituted) applicant provided:

- (a) The substituted applicant is eligible and has the authority to receive the assistance approved for the original applicant; and
- (b) The need, purpose(s) and scope of the project for which RUS funds will be used remain substantially unchanged.

## Notes

### 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.