The Secretary may perhaps waive any of the criteria in subsection (a)(2) that the Secretary determines being duplicative or rendered pointless on account of an action presently taken by America.
In figuring out the potential-to-pay of Indian tribe undertaking beneficiaries, the Secretary may perhaps contemplate deferring the gathering of all or part of the non-Federal construction expenses apportioned to Indian tribe task beneficiaries Except or right up until the Secretary establishes the Indian tribe challenge beneficiaries need to fork out—
Any prepayment or refinancing conditions on a loan promise shall be negotiated involving the non-Federal borrower and the lender Along with the consent from the Secretary.
If a borrower defaults over the obligation, the holder of the loan assurance shall have the proper to demand payment in the unpaid sum from your Secretary.
The Secretary, in cooperation with non-Federal undertaking entities and in step with this subchapter, might carry out a rural water provide application in Reclamation States to—
A loan warranty below this segment shall offer for complete amortization of the loan ensure inside not in excess of 40 years.
An obligation shall be matter to the affliction the obligation will not be subordinate to other funding.
On notification, the Lawyer General shall consider this sort of motion as is acceptable to recover the unpaid principal and curiosity because of from—
The Secretary shall coordinate the Program completed beneath this subchapter with present Federal and Point out rural water and wastewater systems to facilitate the most economical and efficient Alternative to Conference the h2o needs of your non-Federal project sponsors.
You'll find approved being appropriated more info this kind of sums as are essential to carry out this subchapter, to stay readily available right until expended.
The expression "loan ensure" has the this means offered the term "loan warranty" in area 661a of title two.
(ii) in reference to which You will find a repayment or water assistance agreement executed by The usa underneath Federal reclamation law; or
(A) be certain that the proposed rural drinking water offer project does not replicate a venture performed underneath the authority on the company head; and
With respect to any obligation certain beneath this area, the Secretary may perhaps enter into a deal to pay for, and pay, holders from the obligation, for and on behalf on the non-Federal borrower, from resources appropriated for that goal, the principal and desire payments that turn into because of and payable to the unpaid harmony on the obligation In the event the Secretary finds that—