Practically nothing On this subchapter supersedes or amends any Federal legislation associated with a venture, or maybe a portion of a job, constructed under the reclamation legislation.
On notification, the Lawyer General shall consider these types of action as is appropriate to recover the unpaid principal and curiosity due from—
Any prepayment or refinancing phrases on a loan promise shall be negotiated involving the non-Federal borrower as well as lender With all the consent of the Secretary.
An appraisal investigation conducted beneath subsection (a) shall be scheduled for completion not afterwards than 2 yrs following the date on which the appraisal investigation is initiated.
Almost nothing With this subchapter preempts or affects Condition h2o law or an interstate compact governing h2o.
Loan assures under this part for just a undertaking shall be on this sort of terms and conditions and include these kinds of covenants, representations, warranties, and demands because the Secretary decides to get ideal to shield the fiscal passions of America.
(12) the extent to which guidance for rural water provide is on the market underneath other Federal authorities;
All new assignments or facilities produced in accordance using this type of subchapter shall continue being under the jurisdiction and Charge of the non-Federal borrower subject matter to the terms in the repayment settlement.
The Secretary shall coordinate the Program performed beneath this subchapter with existing Federal and Condition rural h2o and wastewater applications to aid probably the most successful and productive Remedy to Conference the h2o demands of the non-Federal venture sponsors.
A recipient of a loan guarantee shall maintain these types of information along with other pertinent files because the Secretary shall prescribe by regulation, which include these kinds of information because the Secretary may possibly have to have to facilitate a powerful audit.
The time period "loan assure" has the meaning offered the more info expression "loan promise" in portion 661a of title two.
(five) Nonsubordination An obligation shall be topic to the affliction which the obligation is not subordinate to other funding.
The Secretary as well as Comptroller General of The us, or their duly authorized Associates, shall have accessibility, for the objective of audit, on the records and other pertinent paperwork.
The Secretary shall comply with Point out water legislation in finishing up this subchapter. Nothing at all With this subchapter has an effect on or preempts State water law or an interstate compact governing h2o.