Regulations last checked for updates: Feb 12, 2026

Title 7 - Agriculture last revised: Jul 29, 2026
§ 1942.115 - Reasonable project costs.

Applicants are responsible for determining that prices paid for property rights, construction, equipment, and other project development are reasonable and fair. RD may require an appraisal by an independent appraiser or Agency employee.

cite as: 7 CFR 1942.115