The Secretary may well waive any of the factors in subsection (a)(2) which the Secretary decides to become duplicative or rendered pointless thanks to an motion already taken by The us.
In determining the capability-to-pay out of Indian tribe venture beneficiaries, the Secretary might consider deferring the gathering of all or Section of the non-Federal building expenditures apportioned to Indian tribe job beneficiaries unless or till the Secretary establishes that the Indian tribe challenge beneficiaries really should pay out—
Nothing In this particular subsection precludes any forbearance from the holder with the obligation for the benefit of the non-Federal borrower Which might be agreed on by the functions to the obligation and authorized by the Secretary.
Any prepayment or refinancing conditions on a loan assure shall be negotiated among the non-Federal borrower and also the lender with the consent of your Secretary.
Almost nothing Within this subchapter preempts or has an effect on Condition water regulation or an interstate compact governing h2o.
If your Secretary helps make a payment underneath subsection (a), the Secretary shall be subrogated to your rights on the receiver from the payment as laid out in the loan assure or similar agreements, like, as acceptable, the authority (notwithstanding any other provision of law) to—
All new assignments or services made in accordance using this type of subchapter shall keep on being underneath the jurisdiction and Charge of the non-Federal borrower subject to the terms on the repayment agreement.
In any situation by which a agreement is entered into with, or perhaps a grant is made, to 1 a company to execute services benefitting in excess of one Indian tribe less than this subchapter, the acceptance of each and every these kinds of Indian tribe shall certainly be a prerequisite to coming into in the agreement or building the grant.
A rural h2o offer venture that is set to be possible beneath area 2405 of the title is suitable for any loan warranty less than segment 2423 of this title.
Very little in this subsection precludes any forbearance from the holder from the obligation for the benefit of the non-Federal borrower that may be agreed on via the functions on the obligation and accredited with the Secretary.
The entire faith and credit score of The usa is pledged to your payment of all assures issued below this section with respect to principal and desire.
(ii) in reference to which You will find there's repayment or h2o assistance contract executed by the United States less than Federal reclamation legislation; or
An obligation shall be issue towards the problem that the obligation is not subordinate to other funding.
Loan assures via the Secretary shall not exceed an amount of money equivalent to 90 % of the expense of the task that is the issue get more info on the loan guarantee, as believed at some time at which the loan warranty is issued.