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Code of Federal Regulations (Last Updated: November 8, 2024) |
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Title 7 - Agriculture |
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Subtitle B - Regulations of the Department of Agriculture |
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Chapter XVII - Rural Utilities Service, Department of Agriculture |
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Part 1740 - Rural eConnectivity Program |
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Subpart F - Closing, Servicing, and Reporting |
§ 1740.79 - Servicing of grants, loans and loan/grant combinations.
Latest version.
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§ 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.