Real property located in special areas or having special characteristics.

CFR · 2024-01-01 · US · Title 7

(a) (2) (3) (ii) Pursuant to the requirements of the Coastal Barrier Resources Act (CBRA) and except as specified in paragraph (a)(3)(v) of this section, no credit sales will be provided for property located within a CBRS where: (A) It is known that the purchaser plans to further develop the property; (B) A subsequent loan or any other type of Federal financial assistance as defined by the CBRA has been requested for additional development of the property; (C) The sale is inconsistent with the purpose of the CBRA; or (D) The property to be sold was the subject of a previous financial transaction that violated the CBRA. (iii) For purposes of this section, additional development means the expansion, but not maintenance, replacement-in-kind, reconstruction, or repair of any roads, structures or facilities. Water and waste disposal facilities as well as community facilities may be repaired to the extent required to meet health and safety requirements, but may not be improved or expanded to serve new users, patients or residents. (iv) A sale which is not in conflict with the limitations in paragraph (a)(3)(ii) of this section shall not be completed until the approval official has consulted with the appropriate Regional Director of the U.S. Fish and Wildlife Service and the Regional Director concurs that the proposed sale does not violate the provisions of the CBRA. (v) Any proposed sale that does not conform to the requirements of paragraph (a)(3)(ii) of this section must be forwa

official document · source cfr-2024 · id 7:§ 1955.137