TITLE 7 - AGRICULTURE

SUBTITLE B - REGULATIONS OF THE DEPARTMENT OF AGRICULTURE

CHAPTER XVII - RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE

PART 1780 - WATER AND WASTE LOANS AND GRANTS

subpart b - LOAN AND GRANT APPLICATION PROCESSING

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.