7 CFR 1740.79
§ 1740.79 Servicing of grants, loans and loan/grant combinations.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1740.79, § 1740.79 Servicing of grants, loans and loan/grant combinations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/27597
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Full text
(a) Awardees must make payments on the loan as required in the note and Award Documents.
(b) Awardees must comply with all terms, conditions, affirmative covenants, and negative covenants contained in the Award Documents.
(c) The sale or lease of any portion of the Awardee's facilities must be approved in writing by RUS prior to initiating the sale or lease.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.