7 CFR 4280.146 - Conditions precedent to issuance of Loan Note Guarantee.

Code of Federal Regulations - Title 7: Agriculture (December 2005)


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TITLE 7 - AGRICULTURE

SUBTITLE B - REGULATIONS OF THE DEPARTMENT OF AGRICULTURE

CHAPTER XLII - RURAL BUSINESS - COOPERATIVE SERVICE AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE

SUBCHAPTER I - ADMINISTRATIVE REGULATIONS

PART 4280 - LOANS AND GRANTS

subpart b - RENEWABLE ENERGY SYSTEMS AND ENERGY EFFICIENCY IMPROVEMENTS PROGRAM

4280.146 - Conditions precedent to issuance of Loan Note Guarantee.

  (a) The Loan Note Guarantee will not be issued until the lender certifies to the conditions identified in paragraphs 4279.181(a) through (o) of this chapter and paragraph (b) of this section.

  (b) All planned property acquisitions and development have been performing at a steady state operating level in accordance with the technical requirements, plans, and specifications, conforms with applicable Federal, State, and local codes, and costs have not exceeded the amount approved by the lender and the Agency.

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