Regulations last checked for updates: Jun 01, 2024

Title 7 - Agriculture last revised: Nov 16, 2024
§ 1740.79 - Servicing of grants, loans and loan/grant combinations.

(a) Awardees must make payments on the loan as required in the note and Award Documents.

(b) Awardees must comply with all terms, conditions, affirmative covenants, and negative covenants contained in the Award Documents.

(c) The sale or lease of any portion of the Awardee's facilities must be approved in writing by RUS prior to initiating the sale or lease.

authority: 7 U.S.C. 1981(b)(4), 7 U.S.C. 901
source: 86 FR 11609, Feb. 26, 2021, unless otherwise noted.
cite as: 7 CFR 1740.79