§3550.114. Repayment agreement (grants only).
7 C.F.R. § 3550.114
Grant recipients are required to sign a repayment agreement which specifies that the full amount of the grant must be repaid if the property is sold in less than 3 years from the date the grant agreement was signed.
Notes, amendments, and revision history
Amendments
[61 FR 59779, Nov. 22, 1996, as amended at 67 FR 78331, Dec. 24, 2002]
Authority
Authority: 5 U.S.C. 301; 42 U.S.C. 1480.
Source
Source: 61 FR 59779, Nov. 22, 1996, unless otherwise noted.
Amendments
[61 FR 59779, Nov. 22, 1996, as amended at 67 FR 78331, Dec. 24, 2002]