General project monitoring requirements.

CFR · 2024-01-01 · US · Title 7

In complying with the requirements of this section, the lender may rely on written materials and other reports provided by an independent engineer and other qualified consultants. (a) (1) Designed using accepted architectural, engineering, and design practices, taking into consideration any Agency comments when the facility is being designed; (2) Designed in conformance to applicable Federal, Tribal, State, and local codes and requirements; and (3) Constructed to support operations at the level and quality contemplated by the borrower using accepted architectural and engineering practices. (b) (1) Obtained valid, continuous, and adequate rights-of-way and easements needed for the construction, operation, and maintenance of a project; and (2) Obtained and recorded such releases, consents, or subordinations to such property rights from holders of outstanding liens or other instruments as may be necessary for the construction, operation, and maintenance of the project and to provide the required security. (c) (d) (e) (1) (i) On a case-by-case basis in the event that the Agency determines that there is additional risk to the government, the Agency may require the use of a qualified, independent inspector to inspect construction to ensure the project is being adequately built to meet the borrower's requirements of the borrower's approved project and comply with all applicable codes and legal requirements. (2) (i) The promissory note specifying the full term of the note and contain

official document · source cfr-2024 · id 7:§ 5001.205