An obligation shall bear desire at a price that doesn't exceed a amount the Secretary decides to be acceptable, taking into account the prevailing fee of interest within the non-public sector for identical loans and hazards.
(A) take into account the monetary capacity of any non-Federal challenge entities taking part in The agricultural water offer project to pay for 25 % or more of the capital design charges of The agricultural drinking water source task; and
An obligation shall bear curiosity at a rate that doesn't exceed a amount the Secretary determines to be acceptable, taking into account the prevailing fee of desire inside the non-public sector for equivalent loans and hazards.
Nothing at all On this subchapter needs a feasibility examine for, or imposes almost every other supplemental specifications with regard to, rural water provide initiatives or systems that are authorized in advance of December 22, 2006.
The Secretary, in cooperation with non-Federal project entities and in keeping with this subchapter, may possibly perform a rural drinking water provide plan in Reclamation States to—
A loan assurance underneath this segment shall present for full amortization from the loan guarantee inside of not much more than 40 yrs.
The Secretary shall adjust to State drinking water laws in finishing up this subchapter. Very little During this subchapter influences or preempts Point out drinking water legislation or an interstate compact governing drinking water.
In any scenario during which a agreement is entered into with, or possibly a grant is produced, to one an organization to perform services benefitting over 1 Indian tribe beneath this subchapter, the approval of every these types of here Indian tribe shall be considered a prerequisite to getting into into the contract or producing the grant.
To attenuate the cost of a rural h2o offer undertaking to the non-Federal challenge entity, the Secretary shall involve in the criteria methods to scale the extent of effort wanted to accomplish the appraisal investigation relative to the entire sizing and cost with the proposed rural water offer venture.
(three) Interest price An obligation shall bear curiosity in a charge that doesn't exceed a stage that the Secretary decides to get appropriate, taking into account the prevailing price of interest while in the non-public sector for identical loans and hazards.
An obligation shall bear interest in a fee that doesn't exceed a amount that the Secretary establishes to get proper, taking into account the prevailing charge of curiosity during the non-public sector for equivalent loans and challenges.
(i) that is certainly authorized by Federal reclamation legislation and manufactured by The usa less than these types of legislation; or
Topic to the availability of appropriations, the Secretary may possibly make available to lenders for the challenge Assembly the eligibility conditions proven in part 2422 of this title loan guarantees to health supplement private-sector or lender financing with the project.
(15) in the situation of the task supposed for Indian tribes and tribal businesses, the extent to which the venture addresses the intention of financial self-sufficiency.