Source: https://www.law.cornell.edu/cfr/text/7/1779.52
Timestamp: 2016-07-26 04:38:33
Document Index: 83812138

Matched Legal Cases: ['art 1779', '§ 1779', '§ 1779', '§ 1779', '§ 1779', 'art 1970']

7 CFR 1779.52 - Processing. | US Law | LII / Legal Information Institute
CFR › Title 7 › Subtitle B › Chapter XVII › Part 1779 › Section 1779.52 7 CFR 1779.52 - Processing.
§ 1779.52
Preapplications.
The preapplication package may be submitted either alone or the necessary information may be submitted simultaneously with the application. The preapplication package will contain:
An Application for Federal Assistance on a form provided by the Agency (available in any Agency office);
State intergovernmental or other type review comments and recommendations for the borrower's project (clearinghouse comments, if applicable);
Supporting documentation necessary to make an eligibility determination such as financial statements, audits, copies of organizational documents, or existing debt instruments; and
Documentation of lender eligibility in accordance with§ 1779.27.
If the Agency determines that the project may meet requirements and is likely to be funded, the lender must submit a complete application if it has not previously submitted one.
Application for Loan and Guarantee on a form prescribed by the Agency (available in any Agency office);
Proposed loan agreement;
Environmental Report. (See RUS Bulletin 1794A-602; this document is available in any Agency State Office or online at
http://www.usda.gov/rus/water/ees/index.htm
Preliminary architectural or engineering report (PER);
Appraisal reports (as appropriate);
Credit reports (as appropriate);
Financial feasibility analysis and report (as appropriate) if not included in PER; and
§ 1779.52 Processing.
(1) The preapplication package may be submitted either alone or the necessary information may be submitted simultaneously with the application. The preapplication package will contain: (i) An Application for Federal Assistance on a form provided by the Agency (available in any Agency office); (ii)
State intergovernmental or other type review comments and recommendations for the borrower's project (clearinghouse comments, if applicable); (iii) Supporting documentation necessary to make an eligibility determination such as financial statements, audits, copies of organizational documents, or existing debt instruments; and (iv) Documentation of lender eligibility in accordance with § 1779.27. (2) If the Agency determines that the project may meet requirements and is likely to be funded, the lender must submit a complete application if it has not previously submitted one. (b)
Applications. Contents of application package: (1)
Application for Loan and Guarantee on a form prescribed by the Agency (available in any Agency office); (2) Proposed loan agreement; (3) Environmental review documentation in accordance with 7 CFR part 1970.
(4) Preliminary architectural or engineering report (PER); (5) Cost estimates; (6) Appraisal reports (as appropriate); (7) Credit reports (as appropriate); (8) Financial feasibility analysis and report (as appropriate) if not included in PER; and (9) Any additional information required. [66 FR 23138, May 8, 2001, as amended at 81 FR 11028, Mar. 2, 2016]