Post selection period.

CFR · 2024-01-01 · US · Title 7

Rural Development will notify the Intermediary in writing if the application is selected. The documents to be executed by the Intermediary will include: (a) For a loan: (1) A Letter of Conditions with Project-specific terms and conditions; (2) A loan agreement with general terms and conditions; (3) A note covering the repayment terms of the loan; and (4) A legal opinion concerning the authority of the Intermediary to engage in the Project. (b) For a Grant: (1) A Letter of Conditions with Project-specific terms and conditions; (2) A Grant agreement with general terms and conditions; and (3) A legal opinion concerning the authority of the Intermediary to participate in the Revolving Loan Fund and to engage in the Project.

official document · source cfr-2024 · id 7:§ 4280.48