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CFR › Title 7 › Subtitle B › Chapter XVII › Part 1735 › Subpart G › Section 1735.77

7 CFR 1735.77 - Release of loan funds, requisitions, advances.

There is 1 rule appearing in the Federal Register for 7 CFR 1735. Select the tab below to view, or View eCFR (GPOAccess)
§ 1735.77
Release of loan funds, requisitions, advances.
(a) RUS will not approve the advance of loan funds until the borrower has fulfilled all loan contract provisions to the extent deemed necessary by RUS.
(b) The first advance of loan funds pursuant to the loan contract normally shall provide funds needed for the acquisition. Unless the borrower has received approval of interim financing, it must submit the requisition in time for the advance to be made by the closing date.
(c) After the borrower has closed the acquisition, it shall furnish RUS all documents necessary to demonstrate to RUS's satisfaction that the transaction has been closed.
(d) Advances for improvements or expansion of the acquired facilities will not be approved until RUS has determined that the transaction has been closed and the borrower has obtained satisfactory title to the acquired facilities.
(e) See 7 CFR part 1737 (or RUS Bulletin 320-4) for additional requirements for releases of loan funds and 7 CFR part 1744, subpart C for additional requirements for requisitions and advances.

Title 7 published on 2012-01-01

The following are only the Rules published in the Federal Register after the published date of Title 7.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2012-03-16; vol. 77 # 52 - Friday, March 16, 2012
    1. 77 FR 15564 - Expansion of 911 Access Loans and Loan Guarantees
      GPO FDSys XML | Text
      DEPARTMENT OF AGRICULTURE, Rural Utilities Service
      Affirmation of interim rule as final rule.
      Effective on March 16, 2012, we are adopting as a final rule the interim rule published at 76 FR 56091-56094 on September 12, 2011.
      7 CFR Part 1735

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

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Title 7 published on 2012-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 7 CFR 1735 after this date.

  • 2012-03-16; vol. 77 # 52 - Friday, March 16, 2012
    1. 77 FR 15564 - Expansion of 911 Access Loans and Loan Guarantees
      GPO FDSys XML | Text
      DEPARTMENT OF AGRICULTURE, Rural Utilities Service
      Affirmation of interim rule as final rule.
      Effective on March 16, 2012, we are adopting as a final rule the interim rule published at 76 FR 56091-56094 on September 12, 2011.
      7 CFR Part 1735