Combined grant and guaranteed loan funding requirements.

CFR · 2024-01-01 · US · Title 7

The requirements for a RES or EEI project for which an applicant is seeking a combined grant and guaranteed loan are specified in this section. (a) (b) (1) The amount of any combined grant and guaranteed loan shall not exceed 75 percent of eligible project costs and the grant portion shall not exceed 25 percent of eligible project costs. Loan amount provisions of 7 CFR part 5001.406(d) apply, except for (d)(2). For purposes of combined funding requests, eligible project costs are based on the total costs associated with those items specified in § 4280.115(c) and 7 CFR part 5001.121(d), except for (d)(2). The applicant must provide the remaining total funds needed to complete the project. (2) The minimum guaranteed loan request allowed is $5,000, with the grant portion of the funding request being at (c) (d) (1) Applications must include the following documentation, including the requisite forms and certifications, specified in §§ 4280.118, 4280.119, or 4280.120 as applicable, for the grant request, except that applicants submitting a properly completed 5001-1 form only need to submit the applicable RD 4280-3 form containing the applicant's CAGE code and properly signed certifications. The guaranteed loan applications are filed in accordance with 7 CFR part 5001.301 where they will be processed in accordance with 7 CFR parts 5001.303 and 5001.307, and as follows: (2) Where both the grant application and the guaranteed loan application provisions request the same documentation,

official document · source cfr-2024 · id 7:§ 4280.137