(three) oversee, as acceptable, the development of rural drinking water source jobs in Reclamation States that happen to be proposed via the Secretary in a very feasibility report produced pursuant to area 2405 of the title and subsequently licensed by Congress.
In deciding the capability-to-pay of Indian tribe task beneficiaries, the Secretary may possibly think about deferring the gathering of all or Element of the non-Federal building costs apportioned to Indian tribe job beneficiaries unless or until finally the Secretary decides which the Indian tribe project beneficiaries must spend—
Any exercise completed below this subchapter shall be carried out in cooperation that has a qualifying non-Federal challenge entity, consistent with this subchapter.
Any prepayment or refinancing phrases with a loan assurance shall be negotiated concerning the non-Federal borrower and the lender with the consent with the Secretary.
The rights with the Secretary, with regard to any assets obtained pursuant to the loan guarantee or relevant arrangement, shall be remarkable to your rights of every other particular person with respect to the property.
Loan guarantees less than this section to get a venture shall be on such stipulations and consist of these types of covenants, representations, warranties, and specifications as being the Secretary decides to be proper to shield the economic passions of the United States.
(five) innovative opportunities for water conservation within the examine area to lower drinking water use and water procedure expenditures, such as—
The Secretary shall consult with Along with the Secretary of Agriculture just before promulgating standards with respect to monetary appraisal features and loan assurance administration for functions performed beneath this subchapter.
The Secretary may perhaps boost the Federal share of the costs of the feasibility study if the Secretary determines, according to an illustration of financial hardship, the non-Federal participant is not able to lead at the least fifty per cent of The prices with the analyze.
With regard to any obligation guaranteed underneath this area, the Secretary may possibly enter into a deal to pay, and shell out, holders in the obligation, for and on behalf of the non-Federal borrower, from money appropriated for that intent, the principal and curiosity payments that turn into owing and payable about the unpaid equilibrium in the obligation If your Secretary finds that—
The Secretary shall seek advice from Using the Secretary of Agriculture before promulgating standards with regard to financial appraisal capabilities and loan warranty administration for pursuits carried out under this subchapter.
(B) it really is in the general public fascination to allow the non-Federal borrower to continue to go after the functions in the undertaking; and
A recipient of the loan promise shall retain these types of information together with other pertinent files since the Secretary shall prescribe by regulation, which includes website such records since the Secretary could call for to facilitate a highly effective audit.
Loan assures below this portion for just a job shall be on these stipulations and incorporate such covenants, representations, warranties, and specifications as being the Secretary determines for being proper to protect the economical interests of America.