§1783.12. What are eligible uses of grant proceeds?
7 C.F.R. § 1783.12
Grant proceeds shall be used solely for the purpose of establishing the revolving loan fund to provide loans to eligible entities for:
Pre-development costs associated with proposed water and wastewater projects or with existing water and wastewater systems, and
Short-term costs incurred for replacement equipment, small-scale extension of services, or other small capital projects that are not part of the regular operations and maintenance activities of existing water and wastewater systems.
A grant recipient may not use grant funds in any manner inconsistent with the terms of the grant agreement.
Notes, amendments, and revision history
Authority
Authority: 7 U.S.C. 1926 (a)(2)(B).
Source
Source: 69 FR 59772, Oct. 6, 2004, unless otherwise noted.