7 CFR 1744.40
§ 1744.40 Act purposes.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1744.40, § 1744.40 Act purposes, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/27614
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Full text
(a) Borrowers are encouraged to submit requests for accommodation of the Government's lien on the borrower's system in order to facilitate obtaining financing from private lenders for purposes provided in the RE Act.
(b) The Administrator will consider requests for the subordination of the Government's lien on after-acquired property which will enable borrowers to obtain financing from private lenders for purposes provided in the Act: Provided, however, that property integral to the operation of projects financed with loans made or guaranteed by RUS shall be financed with funds obtained through lien accommodations instead of lien subordinations, unless the Administrator determines that it is in the Government's interest to do otherwise.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.