7 CFR 1780.42

§ 1780.42 Transfer of obligations.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 1780.42, § 1780.42 Transfer of obligations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/28095
Permanent ID: ys:prov:28095@1
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Full text

An obligation of funds established for an applicant may be transferred to a different (substituted) applicant provided: (a) The substituted applicant is eligible and has the authority to receive the assistance approved for the original applicant; and (b) The need, purpose(s) and scope of the project for which RUS funds will be used remain substantially unchanged.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.