---
kind: "section"
citation: "7 C.F.R. § 4280.48"
title: "7"
number: "4280.48"
heading: "Post selection period."
url: "https://uscodex.org/cfr/7/4280.48"
---

# §4280.48. Post selection period.


Rural Development will notify the Intermediary in writing if the application is selected. The documents to be executed by the Intermediary will include:

- (a) **For a loan—**
  - (1) A Letter of Conditions with Project-specific terms and conditions;
  - (2) A loan agreement with general terms and conditions;
  - (3) A note covering the repayment terms of the loan; and
  - (4) **A legal opinion concerning the authority of the Intermediary to engage in the Project.**
- (b) **For a Grant—**
  - (1) A Letter of Conditions with Project-specific terms and conditions;
  - (2) A Grant agreement with general terms and conditions; and
  - (3) A legal opinion concerning the authority of the Intermediary to participate in the Revolving Loan Fund and to engage in the Project.

## Notes

### 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.