Loan documentation for ultimate recipients.

CFR · 2024-01-01 · US · Title 7

(a) (1) Certification by the intermediary that: (i) The ultimate recipient is eligible for the loan; (ii) The loan is for an eligible purpose; (iii) Agency IRP loan funds are not more than 75 percent of the total project costs; (iv) The loan complies with all applicable statutes and regulations; (v) The ultimate recipient is unable to finance the proposed project through commercial credit or other Federal, State, or local programs at reasonable rates and terms; and (vi) The intermediary and its principal officers (including immediate family) hold no legal or financial interest or influence in the ultimate recipient, and the ultimate recipient and its principal officers (including immediate family) hold no legal or financial interest or influence in the intermediary. The interest and influence of a cooperative member when the intermediary is a cooperative is an allowable exception to this paragraph. (2) A completed and executed request for environmental information on a form provided by the Agency for projects that meet the criteria for a NEPA review categorical exclusion, NEPA environmental assessment or NEPA environmental impact statement in accordance with § 4274.305(b)(2). (3) All comments obtained in accordance with § 4274.305(a) regarding intergovernmental consultation (if required). (4) Copies of sufficient material from the ultimate recipient's application and the intermediary's related files to allow the Agency to determine the: (i) Name, address, DUNS number, Federal

official document · source cfr-2024 · id 7:§ 4274.352