§ 1942.468 - Grant approval and obligation of funds.

(a) FmHA or its successor agency under Public Law 103-354 National Office will review the application and other documents to determine whether the proposal complies with these regulations.

(b) All grants made under these regulations will be approved and obligated by the FmHA or its successor agency under Public Law 103-354 Administrator, or designee.

(c) The obligation of funds will be handled in accordance with § 1942.5(d) of subpart A of part 1942 of this chapter.

(d) An executed copy of the Grant Agreement and scope of work will be sent to the applicant on the obligation date, along with a copy of Form FmHA or its successor agency under Public Law 103-354 1940-1. FmHA or its successor agency under Public Law 103-354 will retain the executed original of the Grant Agreement. The grant will be considered closed on the obligation date.

(e) If the grant is not approved, the applicant will be notified in writing of the reason(s) for rejection. The notification to the applicant will state that a review of this decision by FmHA or its successor agency under Public Law 103-354 may be requested by the applicant under subpart B of part 1900 of this chapter.