7 CFR 1822.275
§ 1822.275 Actions after sites are developed.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1822.275, § 1822.275 Actions after sites are developed, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/28451
- Permanent ID
ys:prov:28451@1- SHA-256
4b1b6efb20eb8f525c7cdf5ce5f3121af586d81317bb5e2d99d980c80868cb48
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The building sites will be sold on a nonprofit basis to eligible families or organizations as described in § 1822.266(c).
(a) An option, RD 440-34, “Option to Purchase Real Property,” will be executed. The site will be clearly identified by a land survey.
(b) The sale price of each individual site will not be more than a sufficient amount to pay a proportionate part of the RHS loan and any other actual costs of buying, developing, and selling the building site.
(c) The proceeds from sale of the building sites will be applied on the RHS loan and any prior lien or, with the prior approval of the National Office, used in a manner consistent with the purpose of the loan and the security interest of the Government. The sites will be released from the mortgage in accordance with 7 CFR part 3550, subpart D or otherwise in accordance with prior approval of the National Office.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.