General.

CFR · 2024-01-01 · US · Title 7

(a) The standard RUS Telecommunications Loan Documents contain provisions regarding procurement of materials and equipment and construction of telecommunications facilities by telecommunications borrowers. This part implements certain of the provisions by setting forth requirements and procedures. Borrowers shall follow these requirements and procedures whenever using loan funds to purchase materials and equipment or perform construction, unless they have received the Administrator's written approval to do otherwise. (b) The typical procedure followed in constructing a project financed by an RUS loan begins with the prospective borrower obtaining the necessary preloan engineering and developing a complete loan application, including an LD (See 7 CFR part 1737). If a loan is approved and all prerequisites to advance of funds are satisfied, the borrower may proceed with the purchase and installation of materials and equipment and the construction of telephone facilities pursuant to this part 1753. Subpart A describes (1) RUS's general requirements with respect to steps to be taken after the loan is approved and before construction begins (See § 1753.3), (2) RUS requirements with respect to methods of construction (See §§ 1753.5 and 1753.6), (3) RUS requirements regarding sealed competitive bidding and negotiated bidding of construction contracts (See §§ 1753.6 and 1753.9), (4) RUS standards for materials, equipment, and construction financed with loan funds (See § 1753.7), and

official document · source cfr-2024 · id 7:§ 1753.1