1774.12—Eligibility.
The following eligibility requirements must be met:
(1)
A public body, such as a municipality, county, district, authority, or other political subdivision or a State, territory or commonwealth, or
(2)
An organization operated on a not-for-profit basis, such as an association, cooperative, or private corporation. The organization must be an association controlled by a local public body or bodies, or have a broadly based ownership by or membership of people of the local community, or
(b)
The area to be served must be financially distressed and rural as defined in § 1774.2 of this part.