1780.41—Loan or grant approval.
(a)
The processing office will submit the following to the approval official:
(1)
Form RD 1942-45, “Project Summary”;
(2)
Form RD 442-7, “Operating Budget”;
(3)
Form RD 442-3, “Balance Sheet” or a financial statement or audit that includes a balance sheet;
(4)
Form RD 442-14, “Association Project Fund Analysis”;
(5)
“Letter of Conditions”;
(6)
Form RD 1942-46, “Letter of Intent to Meet Conditions”;
(7)
Form RD 1940-1, “Request for Obligation of Funds”;
(8)
Completed environmental review documents including copies of public notices and appropriate proof of publication, if applicable; and
(9)
Grant determination, if applicable.
(b)
Approval and applicant notification will be accomplished by mailing to the applicant on the obligation date a copy of Form RD 1940-1. The date the applicant is notified is also the date the interest rate at loan approval is established.
Code of Federal Regulations
[62 FR 33478, June 19, 1997, as amended at 63 FR 68655, Dec. 11, 1998]