The Secretary could waive any of the criteria in subsection (a)(2) the Secretary determines for being duplicative or rendered needless because of an motion already taken by America.

Loan guarantees with the Secretary shall not exceed an volume equivalent to 90 per cent of the cost of the challenge that's the issue with the loan ensure, as believed at the time at which the loan assure is issued.

Any prepayment or refinancing conditions with a loan assurance shall be negotiated among the non-Federal borrower plus the lender While using the consent on the Secretary.

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(two) the quantity of the payment the Secretary is approved to pay shall be no greater than the quantity of principal and curiosity which the non-Federal borrower is obligated to pay for beneath the settlement being confirmed; and

(five) innovative opportunities for drinking water conservation within the research location to cut back drinking water use and drinking water procedure expenditures, together with—

On notification, the Lawyer Basic shall get these types of motion as is suitable to Get well the unpaid principal and curiosity due from—

The term "design" signifies the set up of infrastructure and also the upgrading of current facilities in destinations in which the infrastructure or facilities are linked to The brand new infrastructure of the rural h2o venture encouraged through the here Secretary pursuant to this subchapter.

An obligation shall be matter to the ailment that the obligation just isn't subordinate to other funding.

Loan ensures beneath this area for your challenge shall be on this kind of conditions and terms and include such covenants, representations, warranties, and requirements since the Secretary establishes for being appropriate to protect the fiscal passions of the United States.

(i) that is licensed by Federal reclamation legislation and constructed by The us beneath such law; or

(2) the current plan (which includes projected money and workforce prerequisites) with the completion of your initiatives determined in paragraph (1) within the time frames recognized under the provisions of law authorizing the jobs or the final engineering experiences for that projects;

Loan guarantees with the Secretary shall not exceed an quantity equal to 90 per cent of the cost of the task that is the matter in the loan guarantee, as estimated at some time at which the loan promise is issued.