Loan approval and obligating funds.

CFR · 2024-01-01 · US · Title 7

(a) The loan will be considered approved on the date that the obligation of funds document ( (b) An obligation of funds established for an intermediary may be transferred by the Agency to a different (substituted) intermediary provided: (1) The substituted intermediary is eligible to receive the assistance approved for the original intermediary; (2) The substituted intermediary bears a close and genuine relationship to the original intermediary; and (3) The need for and scope of the project and the purposes for which

official document · source cfr-2024 · id 7:§ 4274.351