§4280.48. Post selection period.
7 C.F.R. § 4280.48
Rural Development will notify the Intermediary in writing if the application is selected. The documents to be executed by the Intermediary will include:
For a loan—
A Letter of Conditions with Project-specific terms and conditions;
A loan agreement with general terms and conditions;
A note covering the repayment terms of the loan; and
A legal opinion concerning the authority of the Intermediary to engage in the Project.
For a Grant—
A Letter of Conditions with Project-specific terms and conditions;
A Grant agreement with general terms and conditions; and
A legal opinion concerning the authority of the Intermediary to participate in the Revolving Loan Fund and to engage in the Project.
Notes, amendments, and revision history
Source
Source: 72 FR 29843, May 30, 2007, unless otherwise noted.
Authority
Authority: 7 U.S.C. 1989(a), 7 U.S.C. 2008s.
Source
Source: 70 FR 41303, July 18, 2005, unless otherwise noted.