Application contents: Advance approval—100 percent private financing of distribution, subtransmission and headquarters facilities, and certain other community infrastructure.

CFR · 2024-01-01 · US · Title 7

Applications for a lien accommodation or subordination that meet the requirements of § 1717.854 must include the following information and documents: (a) A certification by an authorized official of the borrower that the borrower and, as applicable, the loan are in compliance with all conditions set forth in § 1717.854(c) and all applicable provisions of §§ 1717.852 and 1717.853; (b) A statement requesting the lien accommodation or subordination and including the amount and maturity of the proposed loan, a general description of the facilities or other purposes to be financed, the name and address of the lender, and an attached term sheet summarizing the terms and conditions of the proposed loan; (c) The borrower's financial and statistical report, the data in which shall not be more than 60 days old when the complete application is received by RUS; (d) Draft copy of any new mortgage or mortgage amendment (supplement) required by RUS or the lender, unless RUS has notified the borrower that it wishes to prepare these documents itself; (e) A copy of the loan agreement, loan note, bond or other financing instrument, unless RUS has notified the borrower that these documents need not be submitted; (f) Environmental documentation, in accordance with 7 CFR part 1970; (g) RUS Form 740c, Cost Estimates and Loan Budget for Electric Borrowers; (h) A CWP or CWP amendment covering the proposed project, in accordance with 7 CFR part 1710, subpart F, and subject to RUS approval. (i) The cer

official document · source cfr-2024 · id 7:§ 1717.855